Y.D. More Investments Ltd Boosts Stock Position in Camtek Ltd. $CAMT

Y.D. More Investments Ltd boosted its stake in shares of Camtek Ltd. (NASDAQ:CAMT) by 13.7% in the third quarter, HoldingsChannel reports. The firm owned 732,664 shares of the semiconductor company’s stock after purchasing an additional 88,007 shares during the quarter. Camtek accounts for about 4.3% of Y.D. More Investments Ltd’s holdings, making the stock its 7th largest holding. Y.D. More Investments Ltd’s holdings in Camtek were worth $76,684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Advisors Asset Management Inc. boosted its holdings in shares of Camtek by 61.6% during the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock worth $45,000 after buying an additional 293 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Camtek by 12.1% in the first quarter. Goldman Sachs Group Inc. now owns 149,223 shares of the semiconductor company’s stock valued at $8,749,000 after purchasing an additional 16,117 shares during the last quarter. Stratos Wealth Partners LTD. grew its position in shares of Camtek by 70.1% in the second quarter. Stratos Wealth Partners LTD. now owns 7,024 shares of the semiconductor company’s stock valued at $594,000 after purchasing an additional 2,895 shares during the last quarter. Stephens Inc. AR acquired a new stake in Camtek during the 2nd quarter worth approximately $561,000. Finally, ARK Investment Management LLC grew its holdings in Camtek by 38.2% in the 2nd quarter. ARK Investment Management LLC now owns 27,386 shares of the semiconductor company’s stock valued at $2,316,000 after buying an additional 7,566 shares in the last quarter. 41.93% of the stock is owned by institutional investors.

Camtek Trading Down 1.2%

CAMT stock traded down $1.82 during trading on Friday, hitting $151.37. The company had a trading volume of 35,520 shares, compared to its average volume of 558,978. Camtek Ltd. has a one year low of $47.41 and a one year high of $170.46. The company has a current ratio of 7.58, a quick ratio of 6.52 and a debt-to-equity ratio of 0.90. The stock has a market cap of $6.90 billion, a PE ratio of 159.34, a PEG ratio of 3.39 and a beta of 1.57. The business has a 50-day moving average of $133.34 and a 200-day moving average of $112.95.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings data on Wednesday, February 18th. The semiconductor company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.02). Camtek had a net margin of 10.23% and a return on equity of 23.80%. The firm had revenue of $128.12 million during the quarter, compared to analysts’ expectations of $127.10 million. During the same quarter in the previous year, the company posted $0.77 EPS. Camtek’s revenue for the quarter was up 9.2% on a year-over-year basis. Research analysts predict that Camtek Ltd. will post 2.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CAMT has been the topic of several recent analyst reports. Northland Securities lowered shares of Camtek from an “outperform” rating to a “market perform” rating and set a $150.00 target price on the stock. in a report on Wednesday. Cantor Fitzgerald restated a “neutral” rating and set a $120.00 target price on shares of Camtek in a research note on Tuesday, December 16th. Jefferies Financial Group reissued a “buy” rating and set a $185.00 price target on shares of Camtek in a report on Wednesday. Needham & Company LLC raised their price objective on Camtek from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Oppenheimer boosted their target price on Camtek from $120.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $165.92.

Camtek Profile

Camtek Ltd. (NASDAQ: CAMT) is a provider of automated inspection and metrology solutions for the semiconductor and printed circuit board (PCB) industries. The company develops, manufactures and markets a suite of inline and stand-alone systems that perform high‐resolution 2D and 3D measurements, defect review and process control. Its products are used by integrated device manufacturers, foundries, OSAT (outsourced semiconductor assembly and test) providers, and PCB fabricators to optimize yield, improve product quality and reduce production costs.

Camtek’s core offerings include wafer inspection systems that detect and classify defects on patterned wafers, patterned wafer metrology tools for overlay and critical dimension measurements, and advanced packaging inspection platforms for 3D ICs and fan-out wafer-level packaging.