Wellington Management Group LLP cut its stake in Camtek Ltd. (NASDAQ:CAMT) by 15.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 924,001 shares of the semiconductor company’s stock after selling 172,500 shares during the period. Wellington Management Group LLP owned about 2.61% of Camtek worth $3,520,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of CAMT. TFS Capital LLC purchased a new stake in shares of Camtek during the first quarter valued at approximately $118,000. Acadian Asset Management LLC raised its stake in shares of Camtek by 29.5% in the first quarter. Acadian Asset Management LLC now owns 125,369 shares of the semiconductor company’s stock valued at $478,000 after buying an additional 28,562 shares during the last quarter. Algert Global LLC raised its stake in shares of Camtek by 15.5% in the first quarter. Algert Global LLC now owns 138,072 shares of the semiconductor company’s stock valued at $526,000 after buying an additional 18,569 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Camtek by 24.5% in the fourth quarter. Renaissance Technologies LLC now owns 919,930 shares of the semiconductor company’s stock valued at $3,027,000 after buying an additional 180,930 shares during the last quarter. Hedge funds and other institutional investors own 18.25% of the company’s stock.
Camtek Ltd. (NASDAQ CAMT) traded up 0.41% during trading on Tuesday, hitting $4.93. The stock had a trading volume of 192,035 shares. The firm’s 50-day moving average price is $5.31 and its 200-day moving average price is $4.48. The company has a market cap of $174.27 million, a price-to-earnings ratio of 22.51 and a beta of 0.90. Camtek Ltd. has a 52-week low of $2.38 and a 52-week high of $7.96.
Camtek (NASDAQ:CAMT) last posted its earnings results on Thursday, August 3rd. The semiconductor company reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.01. Camtek had a return on equity of 15.32% and a net margin of 2.56%. The firm had revenue of $22.68 million for the quarter, compared to analysts’ expectations of $33.50 million. Analysts predict that Camtek Ltd. will post $0.39 EPS for the current fiscal year.
CAMT has been the subject of several research analyst reports. B. Riley reaffirmed a “buy” rating and issued a $6.00 price objective on shares of Camtek in a report on Saturday, May 13th. Needham & Company LLC lowered Camtek from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. ValuEngine raised Camtek from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research raised Camtek from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a report on Wednesday, May 10th. Finally, TheStreet lowered Camtek from a “b” rating to a “c” rating in a report on Friday. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $6.00.
Camtek Ltd. provides automated and technological solutions for production processes and products yield, enabling and supporting customers’ technologies in the semiconductor fabrication and printed circuit board (PCB) industries. The Company designs, develops, manufactures and markets products mainly based on two core technologies: automated optical inspection (AOI) and functional ink technology (FIT).
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