Camtek Ltd. (NASDAQ:CAMT) Shares Sold by Zweig DiMenna Associates LLC

Zweig DiMenna Associates LLC cut its holdings in shares of Camtek Ltd. (NASDAQ:CAMT) by 31.7% during the third quarter, HoldingsChannel.com reports. The fund owned 134,425 shares of the semiconductor company’s stock after selling 62,325 shares during the period. Zweig DiMenna Associates LLC’s holdings in Camtek were worth $10,734,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. grew its holdings in Camtek by 23,300.0% in the 2nd 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 in the last quarter. Headlands Technologies LLC acquired a new position in shares of Camtek during the 1st quarter valued at about $50,000. Russell Investments Group Ltd. grew its holdings in shares of Camtek by 524.6% in 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 during the period. Gateway Wealth Partners LLC acquired a new stake in Camtek during the second quarter worth about $220,000. Finally, Susquehanna International Group Ltd. purchased a new position in Camtek during the second quarter worth about $237,000. Hedge funds and other institutional investors own 41.93% of the company’s stock.

Analyst Upgrades and Downgrades

CAMT has been the subject of several analyst reports. B. Riley dropped their price target on shares of Camtek from $150.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Northland Capmk upgraded Camtek from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. Northland Securities upgraded Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 target price on the stock in a research report on Monday, August 5th. StockNews.com upgraded Camtek from a “sell” rating to a “hold” rating in a report on Friday. Finally, Needham & Company LLC restated a “buy” rating and issued a $140.00 price objective on shares of Camtek in a report on Friday, August 2nd. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $116.57.

Camtek Trading Down 1.7 %

Shares of NASDAQ CAMT opened at $77.59 on Friday. The company has a current ratio of 5.21, a quick ratio of 4.29 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $3.48 billion, a PE ratio of 43.84, a PEG ratio of 1.55 and a beta of 1.38. Camtek Ltd. has a twelve month low of $49.64 and a twelve month high of $140.50. The stock has a fifty day simple moving average of $83.39 and a 200-day simple moving average of $95.51.

Camtek (NASDAQ:CAMT) last released its earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. The company had revenue of $102.60 million during the quarter, compared to the consensus estimate of $101.26 million. Camtek had a return on equity of 22.57% and a net margin of 25.93%. Camtek’s revenue was up 39.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 EPS. On average, equities analysts forecast 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.