Camtek Ltd. (NASDAQ:CAMT) Shares Sold by Royce & Associates LP

Royce & Associates LP decreased its position in shares of Camtek Ltd. (NASDAQ:CAMT) by 3.4% during the third quarter, Holdings Channel.com reports. The firm owned 251,791 shares of the semiconductor company’s stock after selling 8,836 shares during the period. Royce & Associates LP’s holdings in Camtek were worth $20,106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in CAMT. Fred Alger Management LLC purchased a new position in shares of Camtek during the 2nd quarter valued at approximately $8,386,000. Meitav Investment House Ltd. lifted its position in shares of Camtek by 14.1% during the 3rd quarter. Meitav Investment House Ltd. now owns 373,044 shares of the semiconductor company’s stock valued at $29,887,000 after buying an additional 46,016 shares in the last quarter. Sei Investments Co. lifted its position in shares of Camtek by 41.5% during the 1st quarter. Sei Investments Co. now owns 94,473 shares of the semiconductor company’s stock valued at $7,914,000 after buying an additional 27,707 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of Camtek during the 2nd quarter valued at approximately $1,423,000. Finally, Tidal Investments LLC purchased a new position in shares of Camtek during the 1st quarter valued at approximately $1,716,000. Institutional investors and hedge funds own 41.93% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on CAMT shares. StockNews.com lowered Camtek from a “hold” rating to a “sell” rating in a report on Tuesday. B. Riley decreased their price objective on Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Northland Securities raised their price objective on Camtek from $99.00 to $102.00 and gave the company an “outperform” rating in a report on Wednesday. Needham & Company LLC reiterated a “buy” rating and set a $95.00 price target on shares of Camtek in a report on Wednesday. Finally, Northland Capmk upgraded 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 sell rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Camtek currently has a consensus rating of “Moderate Buy” and an average target price of $110.57.

Camtek Stock Down 5.9 %

Shares of NASDAQ:CAMT opened at $74.07 on Friday. The business has a 50-day moving average price of $79.27 and a 200 day moving average price of $95.46. The company has a current ratio of 5.28, a quick ratio of 4.29 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 34.13, a PEG ratio of 1.50 and a beta of 1.38. Camtek Ltd. has a 12-month low of $59.33 and a 12-month high of $140.50.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings data on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. The firm had revenue of $112.30 million during the quarter, compared to the consensus estimate of $108.51 million. Camtek had a return on equity of 24.21% and a net margin of 26.53%. The company’s quarterly revenue was up 39.5% on a year-over-year basis. During the same period last year, the company earned $0.46 EPS. Sell-side analysts expect that Camtek Ltd. will post 2.45 EPS for the current 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.