New York State Common Retirement Fund Has $2.26 Million Position in Camtek Ltd. (NASDAQ:CAMT)

New York State Common Retirement Fund reduced its stake in Camtek Ltd. (NASDAQ:CAMT) by 25.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,988 shares of the semiconductor company’s stock after selling 9,742 shares during the period. New York State Common Retirement Fund owned about 0.06% of Camtek worth $2,261,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in CAMT. Two Sigma Advisers LP boosted its stake in shares of Camtek by 107.5% in the 3rd quarter. Two Sigma Advisers LP now owns 720,700 shares of the semiconductor company’s stock valued at $57,548,000 after purchasing an additional 373,400 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Camtek by 3,005.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 330,716 shares of the semiconductor company’s stock worth $26,408,000 after buying an additional 320,066 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its position in Camtek by 32.6% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,135,453 shares of the semiconductor company’s stock worth $91,711,000 after buying an additional 279,000 shares during the period. Clal Insurance Enterprises Holdings Ltd boosted its position in 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 worth $121,734,000 after buying an additional 268,258 shares during the period. Finally, Fred Alger Management LLC boosted its position in Camtek by 224.8% during the 3rd quarter. Fred Alger Management LLC now owns 217,474 shares of the semiconductor company’s stock worth $17,365,000 after buying an additional 150,513 shares during the period. 41.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on CAMT. Stifel Nicolaus reiterated a “buy” rating and set a $105.00 target price on shares of Camtek in a research report on Thursday, December 12th. Cantor Fitzgerald began coverage on shares of Camtek in a research report on Monday, January 13th. They set a “neutral” rating and a $100.00 target price on the stock. Northland Securities boosted their price target on shares of Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Barclays reduced their price objective on shares of Camtek from $140.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, Needham & Company LLC reissued a “buy” rating and set a $110.00 target price on shares of Camtek in a research note on Thursday, February 13th. Two 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $114.11.

Camtek Trading Down 0.4 %

NASDAQ CAMT opened at $74.52 on Friday. The business has a 50 day simple moving average of $87.91 and a 200 day simple moving average of $83.35. Camtek Ltd. has a one year low of $69.83 and a one year high of $140.50. The stock has a market capitalization of $3.38 billion, a P/E ratio of 30.79, a P/E/G ratio of 1.89 and a beta of 1.34. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.00 and a quick ratio of 4.11.

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