Janus Henderson Group PLC Sells 2,445 Shares of Camtek Ltd. (NASDAQ:CAMT)

Janus Henderson Group PLC decreased its position in Camtek Ltd. (NASDAQ:CAMT) by 1.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 205,405 shares of the semiconductor company’s stock after selling 2,445 shares during the quarter. Janus Henderson Group PLC’s holdings in Camtek were worth $17,207,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. PNC Financial Services Group Inc. grew its stake in shares of Camtek by 17.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the semiconductor company’s stock valued at $158,000 after buying an additional 340 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Camtek by 574.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 445 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 379 shares during the period. Truvestments Capital LLC boosted its position in Camtek by 5.2% during the first quarter. Truvestments Capital LLC now owns 10,191 shares of the semiconductor company’s stock worth $854,000 after purchasing an additional 507 shares during the period. Headlands Technologies LLC bought a new stake in Camtek during the first quarter worth approximately $50,000. Finally, USA Financial Formulas lifted its holdings in shares of Camtek by 1,436.2% during the fourth quarter. USA Financial Formulas now owns 722 shares of the semiconductor company’s stock worth $50,000 after buying an additional 675 shares during the last quarter. Institutional investors own 41.93% of the company’s stock.

Camtek Stock Performance

Shares of NASDAQ:CAMT opened at $105.00 on Thursday. The business’s fifty day moving average price is $115.42 and its two-hundred day moving average price is $93.66. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.66 and a quick ratio of 3.08. The stock has a market capitalization of $4.71 billion, a price-to-earnings ratio of 59.32, a price-to-earnings-growth ratio of 2.02 and a beta of 1.41. Camtek Ltd. has a fifty-two week low of $44.08 and a fifty-two week high of $140.50.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings results on Thursday, May 9th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.07. The business had revenue of $97.01 million for the quarter, compared to analysts’ expectations of $93.75 million. Camtek had a return on equity of 20.94% and a net margin of 25.35%. As a group, analysts predict that Camtek Ltd. will post 2.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CAMT. Evercore ISI began coverage on Camtek in a report on Tuesday, April 16th. They set an “outperform” rating and a $100.00 price target for the company. Barclays upped their price target on Camtek from $90.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, May 10th. B. Riley upped their target price on Camtek from $110.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, June 20th. Bank of America upped their target price on Camtek from $98.00 to $112.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd. Finally, Jefferies Financial Group initiated coverage on Camtek in a research note on Monday, May 13th. They issued a “buy” rating and a $120.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Camtek has an average rating of “Moderate Buy” and an average target price of $103.63.

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.