State of New Jersey Common Pension Fund D Purchases 4,158 Shares of Camtek Ltd. (NASDAQ:CAMT)

State of New Jersey Common Pension Fund D raised its position in shares of Camtek Ltd. (NASDAQ:CAMT) by 8.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 52,745 shares of the semiconductor company’s stock after acquiring an additional 4,158 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Camtek were worth $3,659,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Camtek by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 937,408 shares of the semiconductor company’s stock valued at $58,363,000 after acquiring an additional 33,820 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Camtek during the third quarter valued at approximately $434,000. Lazard Asset Management LLC purchased a new position in shares of Camtek during the third quarter valued at approximately $11,483,000. Westfield Capital Management Co. LP purchased a new position in shares of Camtek during the third quarter valued at approximately $12,093,000. Finally, Polar Capital Holdings Plc purchased a new position in shares of Camtek during the third quarter valued at approximately $4,355,000. 41.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CAMT has been the subject of several recent research reports. Barclays lifted their target price on shares of Camtek from $82.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, February 21st. Evercore ISI initiated coverage on shares of Camtek in a report on Tuesday, April 16th. They set an “outperform” rating and a $100.00 target price for the company. Finally, B. Riley reiterated a “buy” rating and set a $102.00 target price on shares of Camtek in a report on Tuesday, March 26th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Camtek currently has a consensus rating of “Moderate Buy” and an average target price of $74.75.

Camtek Stock Performance

CAMT stock opened at $82.16 on Friday. The stock has a market capitalization of $3.69 billion, a PE ratio of 50.72, a price-to-earnings-growth ratio of 2.70 and a beta of 1.41. Camtek Ltd. has a 12-month low of $25.38 and a 12-month high of $90.54. The company has a current ratio of 5.66, a quick ratio of 4.77 and a debt-to-equity ratio of 0.41. The stock’s 50 day simple moving average is $80.49 and its 200 day simple moving average is $71.54.

Camtek (NASDAQ:CAMT) last released its quarterly earnings data on Tuesday, February 20th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.04. The business had revenue of $88.70 million for the quarter, compared to analysts’ expectations of $88.02 million. Camtek had a return on equity of 18.92% and a net margin of 24.93%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.45 EPS. As a group, research analysts forecast that Camtek Ltd. will post 2.12 earnings per share for the current fiscal year.

Camtek Announces Dividend

The company also recently declared a Variable dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th were issued a dividend of $1.33 per share. The ex-dividend date of this dividend was Wednesday, April 3rd. Camtek’s payout ratio is 82.10%.

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.