Public Employees Retirement System of Ohio Buys Shares of 7,715 Camtek Ltd. $CAMT

Public Employees Retirement System of Ohio purchased a new position in shares of Camtek Ltd. (NASDAQ:CAMT) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,715 shares of the semiconductor company’s stock, valued at approximately $1,217,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CAMT. Raiffeisen Bank International AG lifted its stake in shares of Camtek by 26.3% in the 4th quarter. Raiffeisen Bank International AG now owns 120,000 shares of the semiconductor company’s stock worth $13,032,000 after acquiring an additional 25,000 shares during the period. Vanguard Group Inc. lifted its position in Camtek by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 1,086,242 shares of the semiconductor company’s stock valued at $116,615,000 after purchasing an additional 7,220 shares during the period. Y.D. More Investments Ltd boosted its holdings in Camtek by 20.8% in the 1st quarter. Y.D. More Investments Ltd now owns 783,365 shares of the semiconductor company’s stock valued at $114,901,000 after purchasing an additional 134,791 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Camtek during the first quarter worth $7,225,000. Finally, Lisanti Capital Growth LLC acquired a new position in shares of Camtek during the 4th quarter worth $2,301,000. 41.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Northland Securities set a $174.00 price target on Camtek in a report on Wednesday, May 13th. Morgan Stanley lowered their target price on Camtek from $167.00 to $165.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 11th. Barclays raised their price target on Camtek from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Jefferies Financial Group increased their price objective on Camtek from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Finally, Oppenheimer lifted their price objective on Camtek from $180.00 to $195.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $173.25.

Camtek Stock Up 0.9%

Shares of NASDAQ:CAMT opened at $147.01 on Wednesday. The company has a current ratio of 7.38, a quick ratio of 6.58 and a debt-to-equity ratio of 0.69. The firm has a market cap of $6.86 billion, a price-to-earnings ratio of 229.71, a PEG ratio of 3.14 and a beta of 1.56. The stock’s 50-day moving average price is $147.21 and its two-hundred day moving average price is $163.14. Camtek Ltd. has a 12-month low of $80.61 and a 12-month high of $215.99.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings data on Monday, August 10th. The semiconductor company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.02. The company had revenue of $133.24 million during the quarter, compared to the consensus estimate of $130.44 million. Camtek had a net margin of 7.40% and a return on equity of 21.58%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.79 EPS. On average, research analysts forecast that Camtek Ltd. will post 3.27 EPS for the current year.

Insider Activity

In other Camtek news, COO Ram Langer sold 6,387 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $172.32, for a total transaction of $1,100,607.84. Following the transaction, the chief operating officer owned 17,532 shares of the company’s stock, valued at $3,021,114.24. This trade represents a 26.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Karni Yarl Andorn sold 3,176 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $164.40, for a total transaction of $522,134.40. Following the sale, the director directly owned 1,343 shares of the company’s stock, valued at $220,789.20. This represents a 70.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,843 shares of company stock valued at $4,514,249 in the last ninety days. 79.40% of the stock is owned by company insiders.

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.