Royce & Associates LP Lowers Position in Camtek Ltd. (NASDAQ:CAMT)

Royce & Associates LP cut its holdings in Camtek Ltd. (NASDAQ:CAMT) by 3.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 251,791 shares of the semiconductor company’s stock after selling 8,836 shares during the quarter. Royce & Associates LP owned approximately 0.56% of Camtek worth $20,106,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its stake in Camtek by 4.1% in the second quarter. Blue Trust Inc. now owns 2,721 shares of the semiconductor company’s stock worth $341,000 after acquiring an additional 108 shares during the period. Petra Financial Advisors Inc. lifted its position in shares of Camtek by 1.5% during the second quarter. Petra Financial Advisors Inc. now owns 8,290 shares of the semiconductor company’s stock valued at $1,038,000 after buying an additional 120 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Camtek by 1.6% during the third quarter. Van ECK Associates Corp now owns 9,561 shares of the semiconductor company’s stock valued at $755,000 after buying an additional 148 shares during the last quarter. Ellsworth Advisors LLC lifted its position in shares of Camtek by 3.4% during the second quarter. Ellsworth Advisors LLC now owns 7,393 shares of the semiconductor company’s stock valued at $926,000 after buying an additional 245 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Camtek by 23,300.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company’s stock valued at $59,000 after buying an additional 466 shares during the last quarter. 41.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on CAMT shares. Northland Capmk raised shares of Camtek from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. StockNews.com lowered shares of Camtek from a “hold” rating to a “sell” rating in a research report on Tuesday. Northland Securities increased their price objective on shares of Camtek from $99.00 to $102.00 and gave the company an “outperform” rating in a research report on Wednesday. B. Riley decreased their price objective on shares of Camtek from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Camtek in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $110.57.

Camtek Price Performance

Shares of NASDAQ:CAMT opened at $74.07 on Friday. Camtek Ltd. has a twelve month low of $59.33 and a twelve month high of $140.50. The company’s 50 day moving average is $79.27 and its 200 day moving average is $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 cap of $3.36 billion, a PE ratio of 34.13, a price-to-earnings-growth ratio of 1.50 and a beta of 1.38.

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