HBK Sorce Advisory LLC Has $500,000 Stock Position in Camtek Ltd. (NASDAQ:CAMT)

HBK Sorce Advisory LLC lifted its stake in shares of Camtek Ltd. (NASDAQ:CAMT) by 9.8% during the first quarter, HoldingsChannel reports. The firm owned 8,524 shares of the semiconductor company’s stock after acquiring an additional 759 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Camtek were worth $500,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Jones Financial Companies Lllp raised its position in Camtek by 364.0% during the fourth quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 324 shares in the last quarter. Huntington National Bank grew its position in shares of Camtek by 42.4% in the 4th quarter. Huntington National Bank now owns 413 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 123 shares during the period. State of Wyoming increased its stake in shares of Camtek by 146.2% during the 4th quarter. State of Wyoming now owns 2,021 shares of the semiconductor company’s stock worth $163,000 after purchasing an additional 1,200 shares during the last quarter. Optimum Investment Advisors raised its holdings in shares of Camtek by 43.3% in the 4th quarter. Optimum Investment Advisors now owns 2,150 shares of the semiconductor company’s stock valued at $174,000 after purchasing an additional 650 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in shares of Camtek in the 4th quarter valued at about $209,000. Institutional investors and hedge funds own 41.93% of the company’s stock.

Camtek Stock Performance

CAMT opened at $84.10 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 5.28 and a quick ratio of 4.27. The business has a fifty day simple moving average of $69.28 and a 200 day simple moving average of $74.47. Camtek Ltd. has a 1 year low of $47.41 and a 1 year high of $140.50. The company has a market capitalization of $3.83 billion, a PE ratio of 32.22, a price-to-earnings-growth ratio of 2.23 and a beta of 1.29.

Camtek (NASDAQ:CAMT) last announced its earnings results on Tuesday, May 13th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. Camtek had a net margin of 28.40% and a return on equity of 24.57%. The company had revenue of $118.64 million during the quarter, compared to analysts’ expectations of $119.00 million. During the same quarter in the previous year, the business posted $0.63 earnings per share. Camtek’s quarterly revenue was up 22.3% on a year-over-year basis. Research analysts expect that Camtek Ltd. will post 2.93 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Evercore ISI lowered their price target on Camtek from $100.00 to $82.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 14th. Cantor Fitzgerald set a $80.00 target price on Camtek and gave the stock a “neutral” rating in a research note on Tuesday. Jefferies Financial Group dropped their price target on Camtek from $120.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, March 28th. Barclays cut their price target on Camtek from $120.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Finally, B. Riley upped their price objective on shares of Camtek from $85.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, May 14th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.56.

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.