Bank of New York Mellon Corp Buys 17,637 Shares of Camtek Ltd. (NASDAQ:CAMT)

Bank of New York Mellon Corp raised its stake in shares of Camtek Ltd. (NASDAQ:CAMT) by 44.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 57,752 shares of the semiconductor company’s stock after purchasing an additional 17,637 shares during the period. Bank of New York Mellon Corp owned 0.13% of Camtek worth $4,665,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Camtek by 21.5% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,515,452 shares of the semiconductor company’s stock valued at $121,734,000 after acquiring an additional 268,258 shares during the period. Blueshift Asset Management LLC bought a new stake in shares of Camtek during the 3rd quarter valued at $624,000. Point72 Hong Kong Ltd raised its position in shares of Camtek by 193,738.7% during the 3rd quarter. Point72 Hong Kong Ltd now owns 60,090 shares of the semiconductor company’s stock valued at $4,798,000 after purchasing an additional 60,059 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Camtek by 16.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 486,606 shares of the semiconductor company’s stock valued at $38,855,000 after purchasing an additional 67,250 shares during the period. Finally, Centiva Capital LP bought a new stake in shares of Camtek during the 3rd quarter valued at $705,000. Institutional investors own 41.93% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on CAMT shares. Needham & Company LLC restated a “buy” rating and set a $110.00 price objective on shares of Camtek in a research report on Thursday, February 13th. StockNews.com upgraded shares of Camtek from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Cantor Fitzgerald started coverage on shares of Camtek in a research report on Monday, January 13th. They set a “neutral” rating and a $100.00 price objective on the stock. Barclays decreased their price objective on shares of Camtek from $140.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, Northland Securities lifted their price target on shares of Camtek from $102.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $114.11.

Camtek Stock Performance

Shares of NASDAQ:CAMT opened at $65.98 on Tuesday. Camtek Ltd. has a 52 week low of $62.44 and a 52 week high of $140.50. The stock has a market capitalization of $2.99 billion, a P/E ratio of 27.26, a PEG ratio of 1.89 and a beta of 1.38. The firm has a fifty day simple moving average of $84.79 and a two-hundred day simple moving average of $81.09. The company has a quick ratio of 4.11, a current ratio of 5.00 and a debt-to-equity ratio of 0.36.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings data on Wednesday, February 12th. The semiconductor company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). Camtek had a return on equity of 24.99% and a net margin of 27.61%. On average, analysts expect that Camtek Ltd. will post 2.93 earnings per share for the current fiscal year.

Camtek Profile

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.