2,000 Shares in Camtek Ltd. (NASDAQ:CAMT) Bought by Central Asset Investments & Management Holdings HK Ltd

Central Asset Investments & Management Holdings HK Ltd bought a new stake in shares of Camtek Ltd. (NASDAQ:CAMT) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,000 shares of the semiconductor company’s stock, valued at approximately $250,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Headlands Technologies LLC purchased a new stake in shares of Camtek during the 1st quarter worth approximately $50,000. Russell Investments Group Ltd. raised its stake in Camtek by 524.6% during the first quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock valued at $123,000 after purchasing an additional 1,238 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Camtek by 17.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the semiconductor company’s stock valued at $158,000 after purchasing an additional 340 shares during the last quarter. Blue Trust Inc. grew its stake 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 buying an additional 108 shares in the last quarter. Finally, nVerses Capital LLC bought a new stake in shares of Camtek in the 2nd quarter worth about $376,000. 41.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on CAMT shares. B. Riley lowered their price target on shares of Camtek from $150.00 to $140.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Northland Capmk upgraded Camtek from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. Needham & Company LLC restated a “buy” rating and set a $140.00 price target on shares of Camtek in a report on Friday, August 2nd. Bank of America raised their price target on Camtek from $98.00 to $112.00 and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. Finally, Northland Securities raised shares of Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 target price on the stock in a research note on Monday, August 5th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $116.57.

Camtek Stock Performance

CAMT stock opened at $74.89 on Wednesday. Camtek Ltd. has a twelve month low of $48.50 and a twelve month high of $140.50. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 42.31, a PEG ratio of 1.64 and a beta of 1.39. The business’s fifty day simple moving average is $96.84 and its two-hundred day simple moving average is $95.96. The company has a quick ratio of 4.29, a current ratio of 5.21 and a debt-to-equity ratio of 0.42.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The company had revenue of $102.60 million during the quarter, compared to analyst estimates of $101.26 million. Camtek had a net margin of 25.93% and a return on equity of 22.57%. The firm’s revenue for the quarter was up 39.4% on a year-over-year basis. During the same quarter last year, the business posted $0.38 EPS. Analysts predict that Camtek Ltd. will post 2.45 earnings per share for the current year.

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.