Alpha DNA Investment Management LLC Acquires 1,034 Shares of Camtek Ltd. (NASDAQ:CAMT)

Alpha DNA Investment Management LLC boosted its stake in Camtek Ltd. (NASDAQ:CAMT) by 19.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,278 shares of the semiconductor company’s stock after purchasing an additional 1,034 shares during the quarter. Alpha DNA Investment Management LLC’s holdings in Camtek were worth $507,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CAMT. HighTower Advisors LLC grew its holdings in shares of Camtek by 75.6% in the fourth quarter. HighTower Advisors LLC now owns 9,926 shares of the semiconductor company’s stock valued at $802,000 after purchasing an additional 4,272 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its position in Camtek by 1.5% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 25,150 shares of the semiconductor company’s stock valued at $2,031,000 after purchasing an additional 381 shares during the last quarter. Stifel Financial Corp grew its stake in shares of Camtek by 77.3% in the 3rd quarter. Stifel Financial Corp now owns 3,151 shares of the semiconductor company’s stock worth $252,000 after buying an additional 1,374 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Camtek by 9.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 963,874 shares of the semiconductor company’s stock worth $77,852,000 after buying an additional 81,709 shares during the last quarter. Finally, Y.D. More Investments Ltd increased its holdings in shares of Camtek by 6.0% in the 4th quarter. Y.D. More Investments Ltd now owns 525,413 shares of the semiconductor company’s stock worth $42,905,000 after buying an additional 29,580 shares during the last quarter. 41.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on CAMT. Bank of America dropped their price target on Camtek from $105.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday. Needham & Company LLC restated a “buy” rating and issued a $110.00 target price on shares of Camtek in a report on Thursday, February 13th. Barclays reduced their price target on Camtek from $140.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Cantor Fitzgerald assumed coverage on Camtek in a research report on Monday, January 13th. They set a “neutral” rating and a $100.00 target price for the company. Finally, StockNews.com cut shares of Camtek from a “hold” rating to a “sell” rating in a report on Monday. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Camtek presently has an average rating of “Moderate Buy” and an average price target of $107.50.

Camtek Stock Up 4.2 %

NASDAQ:CAMT opened at $60.37 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.00 and a quick ratio of 4.11. Camtek Ltd. has a 1-year low of $47.41 and a 1-year high of $140.50. The company has a 50-day moving average of $68.22 and a 200 day moving average of $77.66. The firm has a market cap of $2.75 billion, a PE ratio of 24.95, a price-to-earnings-growth ratio of 1.89 and a beta of 1.42.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.06). Camtek had a return on equity of 24.99% and a net margin of 27.61%. As a group, research analysts anticipate that Camtek Ltd. will post 2.93 EPS for the current fiscal year.

Camtek 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.