Camtek Ltd. (NASDAQ:CAMT) Shares Sold by Zweig DiMenna Associates LLC

Zweig DiMenna Associates LLC lessened its holdings in Camtek Ltd. (NASDAQ:CAMT) by 31.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 134,425 shares of the semiconductor company’s stock after selling 62,325 shares during the quarter. Zweig DiMenna Associates LLC owned about 0.30% of Camtek worth $10,734,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CAMT. Headlands Technologies LLC acquired a new stake in shares of Camtek in the first quarter worth $50,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Camtek by 23,300.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company’s stock valued at $59,000 after purchasing an additional 466 shares during the last quarter. Russell Investments Group Ltd. grew its position in Camtek by 524.6% during the 1st quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock worth $123,000 after purchasing an additional 1,238 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Camtek by 17.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the semiconductor company’s stock valued at $158,000 after buying an additional 340 shares during the last quarter. Finally, Gateway Wealth Partners LLC acquired a new position in shares of Camtek in the 2nd quarter valued at about $220,000. 41.93% of the stock is owned by hedge funds and other institutional investors.

Camtek Stock Performance

NASDAQ:CAMT opened at $77.59 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 4.29 and a current ratio of 5.21. The stock has a market capitalization of $3.48 billion, a PE ratio of 43.84, a P/E/G ratio of 1.55 and a beta of 1.38. Camtek Ltd. has a fifty-two week low of $49.64 and a fifty-two week high of $140.50. The company has a fifty day moving average of $83.39 and a two-hundred day moving average of $95.51.

Camtek (NASDAQ:CAMT) last released its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.02. The firm had revenue of $102.60 million during the quarter, compared to the consensus estimate of $101.26 million. Camtek had a net margin of 25.93% and a return on equity of 22.57%. The company’s revenue for the quarter was up 39.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 EPS. As a group, research analysts forecast that Camtek Ltd. will post 2.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

CAMT has been the topic of several analyst reports. Northland Securities raised Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 target price on the stock in a report on Monday, August 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $140.00 target price on shares of Camtek in a report on Friday, August 2nd. B. Riley decreased their target price 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. StockNews.com upgraded shares of Camtek from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Northland Capmk upgraded shares of Camtek from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $116.57.

About Camtek

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.