State Street Corp Has $993,000 Stock Position in Camtek Ltd. (NASDAQ:CAMT)

State Street Corp reduced its position in Camtek Ltd. (NASDAQ:CAMT) by 43.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,433 shares of the semiconductor company’s stock after selling 9,460 shares during the period. State Street Corp’s holdings in Camtek were worth $993,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisors Asset Management Inc. increased its holdings in Camtek by 78.8% in the third quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock worth $26,000 after buying an additional 145 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Camtek by 23,300.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company’s stock worth $59,000 after purchasing an additional 466 shares during the last quarter. Gateway Wealth Partners LLC bought a new position in shares of Camtek during the 2nd quarter valued at $220,000. Susquehanna International Group Ltd. acquired a new stake in shares of Camtek in the 2nd quarter valued at $237,000. Finally, Maven Securities LTD bought a new stake in Camtek in the second quarter worth $241,000. 41.93% of the stock is owned by hedge funds and other institutional investors.

Camtek Trading Up 0.1 %

Shares of Camtek stock opened at $80.85 on Friday. Camtek Ltd. has a 1 year low of $65.18 and a 1 year high of $140.50. The company’s fifty day simple moving average is $77.80 and its 200-day simple moving average is $90.22. The company has a market cap of $3.67 billion, a price-to-earnings ratio of 37.26, a PEG ratio of 1.36 and a beta of 1.35. The company has a current ratio of 5.28, a quick ratio of 4.36 and a debt-to-equity ratio of 0.38.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.06. The company had revenue of $112.30 million for the quarter, compared to analyst estimates of $108.51 million. Camtek had a net margin of 26.53% and a return on equity of 24.21%. The business’s quarterly revenue was up 39.5% on a year-over-year basis. During the same period last year, the business posted $0.46 EPS. As a group, sell-side analysts expect that Camtek Ltd. will post 2.53 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on CAMT. StockNews.com upgraded Camtek from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Northland Securities raised their price objective on Camtek from $99.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $95.00 target price on shares of Camtek in a research report on Wednesday, November 13th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $105.00 price target on shares of Camtek in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $109.88.

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.