Van ECK Associates Corp Has $853,000 Stock Position in Camtek Ltd. (NASDAQ:CAMT)

Van ECK Associates Corp lifted its holdings in shares of Camtek Ltd. (NASDAQ:CAMT) by 10.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,566 shares of the semiconductor company’s stock after buying an additional 1,005 shares during the period. Van ECK Associates Corp’s holdings in Camtek were worth $853,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Advisors Asset Management Inc. raised its holdings 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 buying an additional 145 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Camtek during the 3rd quarter worth $53,000. Prentiss Smith & Co. Inc. raised its holdings in shares of Camtek by 10.8% during the 4th quarter. Prentiss Smith & Co. Inc. now owns 2,786 shares of the semiconductor company’s stock worth $225,000 after buying an additional 272 shares in the last quarter. Stifel Financial Corp grew its position in Camtek by 77.3% during the 3rd quarter. Stifel Financial Corp now owns 3,151 shares of the semiconductor company’s stock worth $252,000 after acquiring an additional 1,374 shares during the last quarter. Finally, Lifestyle Asset Management Inc. bought a new stake in Camtek during the 3rd quarter worth $253,000. Institutional investors and hedge funds own 41.93% of the company’s stock.

Camtek Trading Down 4.7 %

NASDAQ CAMT opened at $76.11 on Friday. The business’s 50-day moving average price is $88.30 and its two-hundred day moving average price is $83.79. Camtek Ltd. has a 12 month low of $69.83 and a 12 month high of $140.50. The firm has a market capitalization of $3.45 billion, a PE ratio of 31.45, a price-to-earnings-growth ratio of 1.96 and a beta of 1.34. The company has a current ratio of 5.00, a quick ratio of 4.11 and a debt-to-equity ratio of 0.36.

Camtek (NASDAQ:CAMT) last released its quarterly earnings results 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 net margin of 27.61% and a return on equity of 24.99%. On average, analysts expect that Camtek Ltd. will post 2.93 EPS for the current year.

Analyst Ratings Changes

CAMT has been the topic of a number of research reports. 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 Camtek from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Stifel Nicolaus restated a “buy” rating and set a $105.00 price objective on shares of Camtek in a research report on Thursday, December 12th. Northland Securities boosted their price objective on Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Finally, Barclays reduced their price objective on Camtek from $140.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Camtek currently has an average rating of “Moderate Buy” and an average target price of $114.11.

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.