State of New Jersey Common Pension Fund D Sells 6,197 Shares of Camtek Ltd. (NASDAQ:CAMT)

State of New Jersey Common Pension Fund D lessened its holdings in Camtek Ltd. (NASDAQ:CAMTGet Rating) by 15.4% during the third quarter, Holdings Channel reports. The fund owned 33,997 shares of the semiconductor company’s stock after selling 6,197 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Camtek were worth $788,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CAMT. JPMorgan Chase & Co. grew its holdings in Camtek by 11.8% in the 1st quarter. JPMorgan Chase & Co. now owns 38,173 shares of the semiconductor company’s stock valued at $1,164,000 after buying an additional 4,043 shares in the last quarter. Renaissance Group LLC grew its holdings in Camtek by 9.1% in the 1st quarter. Renaissance Group LLC now owns 29,484 shares of the semiconductor company’s stock valued at $898,000 after buying an additional 2,454 shares in the last quarter. UBS Group AG grew its holdings in Camtek by 5,643.2% in the 1st quarter. UBS Group AG now owns 57,087 shares of the semiconductor company’s stock valued at $1,738,000 after buying an additional 56,093 shares in the last quarter. Invesco Ltd. grew its holdings in Camtek by 7.8% in the 1st quarter. Invesco Ltd. now owns 610,164 shares of the semiconductor company’s stock valued at $18,585,000 after buying an additional 44,158 shares in the last quarter. Finally, Engineers Gate Manager LP acquired a new position in Camtek in the 1st quarter valued at $735,000. Institutional investors own 27.52% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CAMT shares. Northland Securities reduced their target price on Camtek to $40.00 in a report on Monday, November 21st. B. Riley reduced their target price on Camtek from $29.00 to $27.00 and set a “neutral” rating on the stock in a report on Tuesday, October 4th. StockNews.com raised Camtek from a “hold” rating to a “buy” rating in a report on Monday, January 16th. Bank of America reduced their target price on Camtek from $32.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, October 7th. Finally, Barclays reduced their target price on Camtek to $22.00 in a report on Monday, November 21st.

Camtek Stock Performance

NASDAQ:CAMT opened at $26.78 on Monday. The stock’s 50-day simple moving average is $23.48 and its 200 day simple moving average is $25.04. The firm has a market capitalization of $1.19 billion, a PE ratio of 17.85, a price-to-earnings-growth ratio of 3.14 and a beta of 1.46. The company has a quick ratio of 5.86, a current ratio of 6.74 and a debt-to-equity ratio of 0.54. Camtek Ltd. has a twelve month low of $20.83 and a twelve month high of $38.95.

Camtek (NASDAQ:CAMTGet Rating) last released its quarterly earnings data on Thursday, November 17th. The semiconductor company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.02. The business had revenue of $81.99 million for the quarter, compared to analyst estimates of $82.33 million. Camtek had a return on equity of 23.40% and a net margin of 22.70%. On average, analysts anticipate that Camtek Ltd. will post 1.65 EPS for the current fiscal year.

About Camtek

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Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for the advanced interconnect packaging, memory, complementary metal oxide semiconductor image sensors, micro-electro mechanical systems, radio frequency, and other segments of the semiconductor industry.

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Institutional Ownership by Quarter for Camtek (NASDAQ:CAMT)

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