Axxcess Wealth Management LLC Purchases 833 Shares of Camtek Ltd. (NASDAQ:CAMT)

Axxcess Wealth Management LLC boosted its holdings in shares of Camtek Ltd. (NASDAQ:CAMT) by 7.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,743 shares of the semiconductor company’s stock after purchasing an additional 833 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Camtek were worth $984,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of CAMT. Vanguard Group Inc. increased its stake in Camtek by 3.7% during the third quarter. Vanguard Group Inc. now owns 937,408 shares of the semiconductor company’s stock worth $58,363,000 after acquiring an additional 33,820 shares during the last quarter. Natixis Advisors L.P. bought a new position in shares of Camtek during the 4th quarter valued at approximately $1,099,000. Axiom Investors LLC DE increased its position in Camtek by 288.5% during the fourth quarter. Axiom Investors LLC DE now owns 90,310 shares of the semiconductor company’s stock valued at $6,266,000 after acquiring an additional 67,067 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Camtek by 5.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 171,810 shares of the semiconductor company’s stock valued at $11,920,000 after acquiring an additional 8,368 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of Camtek by 41.5% in the 1st quarter. Sei Investments Co. now owns 94,473 shares of the semiconductor company’s stock worth $7,914,000 after acquiring an additional 27,707 shares during the last quarter. Institutional investors own 41.93% of the company’s stock.

Camtek Trading Up 0.1 %

Shares of NASDAQ:CAMT traded up $0.06 during mid-day trading on Friday, reaching $100.97. 854,699 shares of the company were exchanged, compared to its average volume of 486,608. Camtek Ltd. has a 1 year low of $44.08 and a 1 year high of $140.50. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.66 and a quick ratio of 3.08. The firm’s 50-day simple moving average is $115.43 and its 200 day simple moving average is $92.74. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of 58.88, a P/E/G ratio of 2.34 and a beta of 1.41.

Camtek (NASDAQ:CAMT) last released its quarterly earnings data on Thursday, May 9th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.07. Camtek had a net margin of 25.35% and a return on equity of 20.94%. The company had revenue of $97.01 million during the quarter, compared to the consensus estimate of $93.75 million. Equities research analysts forecast that Camtek Ltd. will post 2.35 EPS for the current year.

Wall Street Analysts Forecast Growth

CAMT has been the subject of several recent analyst reports. Northland Capmk lowered Camtek from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 16th. Northland Securities downgraded shares of Camtek from an “outperform” rating to a “market perform” rating in a report on Thursday, May 16th. Jefferies Financial Group started coverage on Camtek in a research report on Monday, May 13th. They set a “buy” rating and a $120.00 target price on the stock. Bank of America lifted their price objective on shares of Camtek from $98.00 to $112.00 and gave the stock a “buy” rating in a research note on Wednesday, May 22nd. Finally, Needham & Company LLC raised their price target on shares of Camtek from $106.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, June 7th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $103.63.

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.