O Neil Global Advisors Inc. Makes New Investment in Camtek Ltd. (NASDAQ:CAMT)

O Neil Global Advisors Inc. acquired a new position in shares of Camtek Ltd. (NASDAQ:CAMT) during the 2nd quarter, Holdings Channel reports. The fund acquired 5,006 shares of the semiconductor company’s stock, valued at approximately $627,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CAMT. Headlands Technologies LLC bought a new position in Camtek during the first quarter valued at $50,000. Russell Investments Group Ltd. grew its position in Camtek by 524.6% in the first quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock worth $123,000 after acquiring an additional 1,238 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Camtek by 17.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the semiconductor company’s stock worth $158,000 after acquiring an additional 340 shares in the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in Camtek during the fourth quarter worth approximately $214,000. Finally, Shaker Investments LLC OH purchased a new stake in Camtek during the first quarter valued at approximately $266,000. 41.93% of the stock is currently owned by institutional investors.

Camtek Trading Up 2.5 %

CAMT stock opened at $81.13 on Friday. Camtek Ltd. has a 12 month low of $48.50 and a 12 month high of $140.50. The firm’s 50-day moving average is $100.30 and its 200 day moving average is $95.80. The company has a market capitalization of $3.68 billion, a PE ratio of 45.84, a P/E/G ratio of 1.64 and a beta of 1.39. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.21 and a quick ratio of 4.29.

Camtek (NASDAQ:CAMT) last issued its earnings results on Thursday, August 1st. The semiconductor company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. Camtek had a net margin of 25.93% and a return on equity of 22.57%. The business had revenue of $102.60 million for the quarter, compared to analyst estimates of $101.26 million. During the same period last year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 39.4% compared to the same quarter last year. On average, research analysts anticipate that Camtek Ltd. will post 2.45 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CAMT. Bank of America boosted their target price on Camtek from $98.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday, May 22nd. Northland Securities upgraded shares of Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 price objective on the stock in a research report on Monday, August 5th. Northland Capmk upgraded shares of Camtek from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. B. Riley dropped their price target 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 reissued a “buy” rating and issued a $140.00 price objective on shares of Camtek in a research report on Friday, August 2nd. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Camtek presently has a consensus rating of “Buy” and a consensus target price of $116.57.

Camtek 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.