Camtek Ltd. $CAMT is Wasatch Advisors LP’s 3rd Largest Position

Wasatch Advisors LP cut its stake in shares of Camtek Ltd. (NASDAQ:CAMT) by 13.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,728,318 shares of the semiconductor company’s stock after selling 439,679 shares during the period. Camtek accounts for approximately 2.7% of Wasatch Advisors LP’s portfolio, making the stock its 3rd largest holding. Wasatch Advisors LP owned approximately 5.95% of Camtek worth $413,640,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raiffeisen Bank International AG grew its stake in Camtek by 26.3% during the fourth quarter. Raiffeisen Bank International AG now owns 120,000 shares of the semiconductor company’s stock valued at $13,032,000 after acquiring an additional 25,000 shares in the last quarter. Vanguard Group Inc. lifted its stake in Camtek by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 1,086,242 shares of the semiconductor company’s stock worth $116,615,000 after purchasing an additional 7,220 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Camtek by 42.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 51,694 shares of the semiconductor company’s stock worth $5,430,000 after purchasing an additional 15,490 shares in the last quarter. Ariose Capital Management Ltd bought a new position in Camtek in the 4th quarter valued at $3,903,000. Finally, Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management boosted its holdings in Camtek by 35.6% in the 4th quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management now owns 42,031 shares of the semiconductor company’s stock valued at $4,470,000 after purchasing an additional 11,031 shares during the period. 41.93% of the stock is owned by hedge funds and other institutional investors.

Camtek Price Performance

CAMT stock opened at $153.72 on Friday. The firm has a 50 day simple moving average of $179.44 and a two-hundred day simple moving average of $157.17. The stock has a market cap of $7.17 billion, a PE ratio of 176.69, a P/E/G ratio of 4.04 and a beta of 1.54. Camtek Ltd. has a one year low of $75.75 and a one year high of $215.99. The company has a debt-to-equity ratio of 0.71, a current ratio of 8.35 and a quick ratio of 7.46.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings data on Tuesday, May 12th. The semiconductor company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.01. Camtek had a net margin of 9.63% and a return on equity of 22.26%. The firm had revenue of $121.66 million for the quarter, compared to analysts’ expectations of $120.15 million. During the same quarter last year, the company posted $0.79 EPS. The business’s quarterly revenue was up 2.6% on a year-over-year basis. On average, analysts predict that Camtek Ltd. will post 3.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Weiss Ratings raised shares of Camtek from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, May 14th. Oppenheimer lifted their price objective on Camtek from $180.00 to $195.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Evercore restated an “outperform” rating and set a $200.00 target price on shares of Camtek in a research report on Wednesday, May 13th. B. Riley Financial restated a “buy” rating on shares of Camtek in a research note on Monday, April 20th. Finally, Wall Street Zen raised Camtek from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Seven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Camtek has an average rating of “Moderate Buy” and a consensus price target of $174.33.

Camtek Company 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.