Axxcess Wealth Management LLC Has $984,000 Stock Position in Camtek Ltd. (NASDAQ:CAMT)

Axxcess Wealth Management LLC boosted its stake in Camtek Ltd. (NASDAQ:CAMT) by 7.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,743 shares of the semiconductor company’s stock after purchasing an additional 833 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Camtek were worth $984,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tower Research Capital LLC TRC increased its stake in Camtek by 574.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 445 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 379 shares during the last quarter. USA Financial Formulas boosted its holdings in shares of Camtek by 1,436.2% in the 4th quarter. USA Financial Formulas now owns 722 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 675 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Camtek in the 1st quarter valued at $50,000. Russell Investments Group Ltd. raised its holdings in shares of 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 buying an additional 1,238 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings 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 worth $158,000 after buying an additional 340 shares in the last quarter. Institutional investors own 41.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. B. Riley lifted their target price on Camtek from $110.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, June 20th. Needham & Company LLC increased their price objective on shares of Camtek from $106.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, June 7th. Evercore ISI began coverage on shares of Camtek in a research note on Tuesday, April 16th. They set an “outperform” rating and a $100.00 target price on the stock. Jefferies Financial Group began coverage on Camtek in a research note on Monday, May 13th. They issued a “buy” rating and a $120.00 price target for the company. Finally, Northland Capmk lowered Camtek from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 16th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Camtek presently has an average rating of “Moderate Buy” and a consensus target price of $103.63.

Camtek Trading Up 0.1 %

Shares of CAMT stock traded up $0.06 on Friday, hitting $100.97. The company had a trading volume of 854,699 shares, compared to its average volume of 486,608. Camtek Ltd. has a twelve month low of $44.08 and a twelve month high of $140.50. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.08 and a current ratio of 3.66. The firm has a market cap of $4.53 billion, a P/E ratio of 58.88, a P/E/G ratio of 2.34 and a beta of 1.41. The stock’s 50-day moving average is $115.43 and its two-hundred day moving average is $92.74.

Camtek (NASDAQ:CAMT) last released its quarterly earnings results on Thursday, May 9th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.07. Camtek had a net margin of 25.35% and a return on equity of 20.94%. The firm had revenue of $97.01 million during the quarter, compared to analyst estimates of $93.75 million. On average, equities research analysts anticipate that Camtek Ltd. will post 2.35 earnings per share for the current fiscal year.

Camtek Company 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.