Truvestments Capital LLC Acquires 2,752 Shares of Camtek Ltd. (NASDAQ:CAMT)

Truvestments Capital LLC raised its position in Camtek Ltd. (NASDAQ:CAMT) by 23.3% during the fourth quarter, Holdings Channel reports. The firm owned 14,565 shares of the semiconductor company’s stock after purchasing an additional 2,752 shares during the period. Truvestments Capital LLC’s holdings in Camtek were worth $1,176,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CAMT. Van ECK Associates Corp lifted its position in shares of Camtek by 1.6% in the 3rd quarter. Van ECK Associates Corp now owns 9,561 shares of the semiconductor company’s stock worth $755,000 after purchasing an additional 148 shares during the period. Axxcess Wealth Management LLC lifted its position in shares of Camtek by 20.5% in the 3rd quarter. Axxcess Wealth Management LLC now owns 14,854 shares of the semiconductor company’s stock worth $1,186,000 after purchasing an additional 2,525 shares during the period. Chartwell Investment Partners LLC acquired a new position in shares of Camtek in the 3rd quarter worth approximately $929,000. Aigen Investment Management LP lifted its position in shares of Camtek by 31.7% in the 3rd quarter. Aigen Investment Management LP now owns 3,247 shares of the semiconductor company’s stock worth $259,000 after purchasing an additional 782 shares during the period. Finally, Advisors Asset Management Inc. lifted its position in shares of Camtek by 78.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 145 shares during the period. Institutional investors and hedge funds own 41.93% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CAMT shares. Needham & Company LLC restated a “buy” rating and issued a $110.00 price target on shares of Camtek in a research report on Thursday, February 13th. Barclays dropped their target price on shares of Camtek from $140.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Cantor Fitzgerald started coverage on shares of Camtek in a research report on Monday, January 13th. They set a “neutral” rating and a $100.00 target price on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $105.00 target price on shares of Camtek in a research report on Thursday, December 12th. Finally, Northland Securities boosted their target price on shares of Camtek from $102.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $114.11.

Camtek Stock Performance

CAMT opened at $63.39 on Wednesday. The company has a current ratio of 5.00, a quick ratio of 4.11 and a debt-to-equity ratio of 0.36. The company’s fifty day moving average price is $86.15 and its two-hundred day moving average price is $81.93. Camtek Ltd. has a 1-year low of $62.44 and a 1-year high of $140.50. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 26.19, a PEG ratio of 1.89 and a beta of 1.38.

Camtek (NASDAQ:CAMT) last posted its earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share (EPS) 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%. On average, analysts expect that Camtek Ltd. will post 2.93 EPS for the current fiscal 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.