Camtek Ltd. (NASDAQ:CAMT) Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC boosted its holdings in Camtek Ltd. (NASDAQ:CAMT) by 75.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,926 shares of the semiconductor company’s stock after buying an additional 4,272 shares during the quarter. HighTower Advisors LLC’s holdings in Camtek were worth $802,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CAMT. Advisors Asset Management Inc. boosted its position in shares of Camtek by 78.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 145 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Camtek by 364.0% during the fourth quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 324 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Camtek in the third quarter valued at approximately $53,000. Sanctuary Advisors LLC purchased a new position in Camtek in the fourth quarter valued at approximately $209,000. Finally, Prentiss Smith & Co. Inc. raised its holdings in Camtek by 10.8% during the fourth quarter. Prentiss Smith & Co. Inc. now owns 2,786 shares of the semiconductor company’s stock worth $225,000 after purchasing an additional 272 shares in the last quarter. 41.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CAMT has been the subject of several research analyst reports. Barclays lowered their target price on shares of Camtek from $140.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Northland Securities upped their price objective on shares of Camtek from $102.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Cantor Fitzgerald assumed coverage on Camtek in a report on Monday, January 13th. They set a “neutral” rating and a $100.00 price objective on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $105.00 target price on shares of Camtek in a report on Thursday, December 12th. Finally, Needham & Company LLC restated a “buy” rating and set a $110.00 price target on shares of Camtek in a research note on Thursday, February 13th. Two 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 company. Based on data from MarketBeat.com, Camtek presently has a consensus rating of “Moderate Buy” and an average target price of $114.11.

Camtek Stock Performance

NASDAQ CAMT opened at $62.97 on Friday. The company has a quick ratio of 4.11, a current ratio of 5.00 and a debt-to-equity ratio of 0.36. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 26.02, a price-to-earnings-growth ratio of 1.89 and a beta of 1.38. Camtek Ltd. has a fifty-two week low of $62.13 and a fifty-two week high of $140.50. The business has a fifty day moving average of $80.20 and a 200-day moving average of $79.88.

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

Camtek Company 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.