Camtek Ltd. (NASDAQ:CAMT) Shares Acquired by Truvestments Capital LLC

Truvestments Capital LLC lifted its holdings in Camtek Ltd. (NASDAQ:CAMT) by 7.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,813 shares of the semiconductor company’s stock after purchasing an additional 799 shares during the quarter. Truvestments Capital LLC’s holdings in Camtek were worth $943,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CAMT. Advisors Asset Management Inc. raised its stake in Camtek by 78.8% in the third quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 145 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Camtek by 23,300.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company’s stock valued at $59,000 after purchasing an additional 466 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Camtek by 524.6% in the 1st quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock worth $123,000 after purchasing an additional 1,238 shares in the last quarter. Gateway Wealth Partners LLC purchased a new stake in Camtek during the 2nd quarter worth approximately $220,000. Finally, Susquehanna International Group Ltd. acquired a new position in Camtek during the 2nd quarter valued at approximately $237,000. 41.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CAMT. B. Riley dropped their price objective on shares of Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. StockNews.com raised Camtek from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Northland Securities lifted their target price on Camtek from $99.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Needham & Company LLC reiterated a “buy” rating and issued a $95.00 price target on shares of Camtek in a report on Wednesday, November 13th. Finally, Northland Capmk upgraded shares of Camtek from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $110.57.

Camtek Stock Down 0.5 %

Camtek stock opened at $74.57 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.28 and a quick ratio of 4.36. The stock has a market capitalization of $3.38 billion, a PE ratio of 34.53, a price-to-earnings-growth ratio of 1.36 and a beta of 1.38. The business has a 50 day simple moving average of $78.92 and a 200-day simple moving average of $95.40. Camtek Ltd. has a 12 month low of $59.33 and a 12 month high of $140.50.

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

Camtek Company 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.