Parcion Private Wealth LLC Takes Position in Camtek Ltd. (NASDAQ:CAMT)

Parcion Private Wealth LLC purchased a new stake in Camtek Ltd. (NASDAQ:CAMT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,434 shares of the semiconductor company’s stock, valued at approximately $274,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its stake in Camtek by 23,300.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company’s stock worth $59,000 after purchasing an additional 466 shares during the period. Headlands Technologies LLC bought a new stake in Camtek during the 1st quarter worth about $50,000. Russell Investments Group Ltd. lifted 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 buying an additional 1,238 shares in the last quarter. Gateway Wealth Partners LLC bought a new stake in Camtek during the 2nd quarter worth about $220,000. Finally, Susquehanna International Group Ltd. bought a new stake in shares of Camtek in the 2nd quarter valued at about $237,000. 41.93% of the stock is owned by institutional investors and hedge funds.

Camtek Stock Performance

NASDAQ CAMT opened at $77.66 on Friday. The company has a current ratio of 5.21, a quick ratio of 4.29 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 43.88, a P/E/G ratio of 1.55 and a beta of 1.38. The firm’s 50 day simple moving average is $82.95 and its 200 day simple moving average is $95.60. Camtek Ltd. has a 1 year low of $49.64 and a 1 year high of $140.50.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Northland Capmk raised shares of Camtek from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. Northland Securities raised shares of Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 price target on the stock in a report on Monday, August 5th. B. Riley lowered their price target on shares of Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. StockNews.com raised shares of Camtek from a “sell” rating to a “hold” rating in a report on Friday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $140.00 price target on shares of Camtek in a report on Friday, August 2nd. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target 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.