Camtek Ltd. (NASDAQ:CAMT) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP lifted its holdings in Camtek Ltd. (NASDAQ:CAMT) by 34.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,898 shares of the semiconductor company’s stock after buying an additional 6,951 shares during the quarter. Quantbot Technologies LP owned 0.06% of Camtek worth $2,148,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CAMT. Fred Alger Management LLC purchased a new stake in shares of Camtek during the 2nd quarter worth $8,386,000. Meitav Investment House Ltd. grew its position in Camtek by 14.1% during the third quarter. Meitav Investment House Ltd. now owns 373,044 shares of the semiconductor company’s stock worth $29,887,000 after buying an additional 46,016 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of Camtek in the 2nd quarter worth approximately $1,423,000. Clal Insurance Enterprises Holdings Ltd increased its stake in Camtek by 21.5% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,515,452 shares of the semiconductor company’s stock valued at $121,734,000 after purchasing an additional 268,258 shares in the last quarter. Finally, Tidal Investments LLC acquired a new position in Camtek during the first quarter worth $1,716,000. Institutional investors and hedge funds own 41.93% of the company’s stock.

Camtek Stock Up 1.1 %

CAMT stock opened at $71.89 on Friday. The company has a 50 day moving average price of $78.74 and a two-hundred day moving average price of $94.96. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.36 and a current ratio of 5.28. The stock has a market capitalization of $3.26 billion, a P/E ratio of 33.13, a PEG ratio of 1.30 and a beta of 1.38. Camtek Ltd. has a one year low of $59.33 and a one year high of $140.50.

Camtek (NASDAQ:CAMT) last released its earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.69 by $0.06. The firm had revenue of $112.30 million during the quarter, compared to analyst estimates of $108.51 million. Camtek had a return on equity of 24.21% and a net margin of 26.53%. The business’s quarterly revenue was up 39.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 earnings per share. As a group, sell-side analysts expect that Camtek Ltd. will post 2.53 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.