Central Asset Investments & Management Holdings HK Ltd Acquires New Shares in Camtek Ltd. (NASDAQ:CAMT)

Central Asset Investments & Management Holdings HK Ltd bought a new stake in shares of Camtek Ltd. (NASDAQ:CAMT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,000 shares of the semiconductor company’s stock, valued at approximately $250,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Blue Trust Inc. boosted its stake in shares of Camtek by 4.1% during the second quarter. Blue Trust Inc. now owns 2,721 shares of the semiconductor company’s stock valued at $341,000 after purchasing an additional 108 shares in the last quarter. Petra Financial Advisors Inc. lifted its holdings in Camtek by 1.5% during the second quarter. Petra Financial Advisors Inc. now owns 8,290 shares of the semiconductor company’s stock worth $1,038,000 after buying an additional 120 shares during the period. Ellsworth Advisors LLC boosted its position in Camtek by 3.4% during the 2nd quarter. Ellsworth Advisors LLC now owns 7,393 shares of the semiconductor company’s stock valued at $926,000 after acquiring an additional 245 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Camtek by 17.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the semiconductor company’s stock valued at $158,000 after acquiring an additional 340 shares during the period. Finally, Truvestments Capital LLC raised its position in shares of Camtek by 5.2% in the 1st quarter. Truvestments Capital LLC now owns 10,191 shares of the semiconductor company’s stock worth $854,000 after acquiring an additional 507 shares in the last quarter. Hedge funds and other institutional investors own 41.93% of the company’s stock.

Camtek Stock Down 3.4 %

CAMT stock opened at $74.89 on Wednesday. The stock has a market capitalization of $3.36 billion, a PE ratio of 42.31, a price-to-earnings-growth ratio of 1.64 and a beta of 1.39. Camtek Ltd. has a 52 week low of $48.50 and a 52 week high of $140.50. The company has a quick ratio of 4.29, a current ratio of 5.21 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average of $96.84 and a 200 day moving average of $95.96.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.66 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $101.26 million. During the same period in the previous year, the firm posted $0.38 earnings per share. The business’s revenue for the quarter was up 39.4% compared to the same quarter last year. Sell-side analysts forecast that Camtek Ltd. will post 2.45 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Northland Securities raised 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. Bank of America raised their price target on shares of Camtek from $98.00 to $112.00 and gave the company a “buy” rating in a report on Wednesday, May 22nd. B. Riley cut their price objective on shares of Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Needham & Company LLC reissued a “buy” rating and set a $140.00 target price on shares of Camtek in a research report on Friday, August 2nd. Finally, Northland Capmk raised shares of Camtek from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. One investment 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 MarketBeat.com, the company currently has an average rating of “Buy” and a consensus 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.