Envestnet Asset Management Inc. Has $2.19 Million Stock Holdings in Camtek Ltd. (NASDAQ:CAMT)

Envestnet Asset Management Inc. decreased its position in Camtek Ltd. (NASDAQ:CAMT) by 17.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,496 shares of the semiconductor company’s stock after selling 3,633 shares during the period. Envestnet Asset Management Inc.’s holdings in Camtek were worth $2,191,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Headlands Technologies LLC bought a new position in Camtek during the first quarter worth about $50,000. Russell Investments Group Ltd. raised its position in Camtek by 524.6% in the 1st quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock valued at $123,000 after buying an additional 1,238 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Camtek by 17.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the semiconductor company’s stock valued at $158,000 after buying an additional 340 shares during the last quarter. Blue Trust Inc. raised its position in Camtek by 4.1% in the 2nd quarter. Blue Trust Inc. now owns 2,721 shares of the semiconductor company’s stock valued at $341,000 after buying an additional 108 shares during the last quarter. Finally, nVerses Capital LLC acquired a new stake in Camtek in the 2nd quarter valued at approximately $376,000. Institutional investors own 41.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Northland Securities raised Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 price target on the stock in a research report on Monday, August 5th. B. Riley reduced their target price on Camtek from $150.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Needham & Company LLC reiterated a “buy” rating and set a $140.00 target price on shares of Camtek in a research note on Friday, August 2nd. Finally, Northland Capmk upgraded Camtek from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $116.57.

Camtek Price Performance

Camtek stock opened at $80.29 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 4.29 and a current ratio of 5.21. Camtek Ltd. has a 52 week low of $48.50 and a 52 week high of $140.50. The stock has a market capitalization of $3.61 billion, a P/E ratio of 45.36, a price-to-earnings-growth ratio of 1.43 and a beta of 1.38. The stock has a fifty day moving average of $86.49 and a 200-day moving average of $95.77.

Camtek (NASDAQ:CAMT) last issued its earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. Camtek had a return on equity of 22.57% and a net margin of 25.93%. The business had revenue of $102.60 million during the quarter, compared to analysts’ expectations of $101.26 million. During the same quarter in the prior year, the firm earned $0.38 EPS. The business’s revenue for the quarter was up 39.4% compared to the same quarter last year. On average, sell-side analysts expect that Camtek Ltd. will post 2.45 earnings per share for the current fiscal year.

About Camtek

Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for semiconductor industry. The company provides Eagle-i, a system that delivers 2D inspection and metrology capabilities; Eagle-AP, which addresses the advanced packaging market using software and hardware technologies that deliver superior 2D and 3D inspection and metrology capabilities on the same platform; and Golden Eagle, a panel inspection and metrology system to address the challenges fanout wafer level packaging applications.