Alpha DNA Investment Management LLC Purchases 1,310 Shares of Camtek Ltd. (NASDAQ:CAMT)

Alpha DNA Investment Management LLC raised its position in shares of Camtek Ltd. (NASDAQ:CAMT) by 33.3% in the third quarter, HoldingsChannel reports. The firm owned 5,244 shares of the semiconductor company’s stock after acquiring an additional 1,310 shares during the period. Alpha DNA Investment Management LLC’s holdings in Camtek were worth $419,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. raised its position in shares of Camtek by 4.1% in the 2nd quarter. Blue Trust Inc. now owns 2,721 shares of the semiconductor company’s stock worth $341,000 after acquiring an additional 108 shares in the last quarter. Petra Financial Advisors Inc. raised its position in shares of Camtek by 1.5% in the 2nd quarter. Petra Financial Advisors Inc. now owns 8,290 shares of the semiconductor company’s stock worth $1,038,000 after acquiring an additional 120 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Camtek by 78.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 145 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Camtek by 1.6% in the 3rd quarter. Van ECK Associates Corp now owns 9,561 shares of the semiconductor company’s stock worth $755,000 after acquiring an additional 148 shares in the last quarter. Finally, Ellsworth Advisors LLC grew its stake in Camtek by 3.4% during the 2nd quarter. Ellsworth Advisors LLC now owns 7,393 shares of the semiconductor company’s stock worth $926,000 after buying an additional 245 shares during the last quarter. 41.93% of the stock is owned by institutional investors.

Camtek Price Performance

Shares of Camtek stock opened at $74.94 on Monday. The business has a 50 day simple moving average of $78.92 and a two-hundred day simple moving average of $95.40. Camtek Ltd. has a 12 month low of $59.33 and a 12 month high of $140.50. The stock has a market capitalization of $3.40 billion, a P/E ratio of 34.53, a PEG ratio of 1.37 and a beta of 1.38. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.28 and a quick ratio of 4.36.

Camtek (NASDAQ:CAMT) last announced its earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. The business had revenue of $112.30 million during the quarter, compared to analysts’ expectations of $108.51 million. Camtek had a return on equity of 24.21% and a net margin of 26.53%. The business’s revenue was up 39.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.46 earnings per share. As a group, analysts predict that Camtek Ltd. will post 2.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CAMT shares. B. Riley dropped their target price on Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Northland Capmk upgraded Camtek from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. Northland Securities boosted their target price on Camtek from $99.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. StockNews.com upgraded Camtek from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Needham & Company LLC restated a “buy” rating and set a $95.00 target price on shares of Camtek in a research note on Wednesday, November 13th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Camtek currently has a consensus rating of “Buy” and a consensus target price of $110.57.

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.