Commonwealth of Pennsylvania Public School Empls Retrmt SYS Cuts Stake in Camtek Ltd. (NASDAQ:CAMT)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its stake in Camtek Ltd. (NASDAQ:CAMTFree Report) by 16.2% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 88,910 shares of the semiconductor company’s stock after selling 17,188 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.20% of Camtek worth $5,536,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Alpha DNA Investment Management LLC acquired a new position in Camtek during the third quarter worth about $573,000. Buckingham Strategic Wealth LLC purchased a new position in Camtek in the 2nd quarter worth about $356,000. J.P. Morgan Private Wealth Advisors LLC purchased a new position in Camtek in the 3rd quarter worth about $21,162,000. Lisanti Capital Growth LLC purchased a new position in Camtek in the 3rd quarter worth about $4,313,000. Finally, Assenagon Asset Management S.A. increased its stake in Camtek by 58.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 34,567 shares of the semiconductor company’s stock worth $2,152,000 after purchasing an additional 12,740 shares in the last quarter. 30.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CAMT shares. Barclays upgraded Camtek from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $65.00 to $82.00 in a research report on Tuesday, January 16th. Needham & Company LLC boosted their price objective on Camtek from $70.00 to $73.00 and gave the company a “buy” rating in a research report on Wednesday, November 15th. StockNews.com upgraded Camtek from a “sell” rating to a “hold” rating in a research report on Tuesday, November 21st. Finally, B. Riley upgraded Camtek from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $70.00 to $75.00 in a research report on Wednesday, December 6th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Camtek presently has an average rating of “Moderate Buy” and a consensus target price of $66.14.

Check Out Our Latest Research Report on Camtek

Camtek Price Performance

Shares of CAMT opened at $81.52 on Monday. The company has a current ratio of 7.03, a quick ratio of 6.23 and a debt-to-equity ratio of 0.44. Camtek Ltd. has a 1 year low of $24.81 and a 1 year high of $82.96. The stock has a market cap of $3.63 billion, a P/E ratio of 49.41, a price-to-earnings-growth ratio of 3.23 and a beta of 1.44. The stock’s 50-day moving average price is $71.23 and its two-hundred day moving average price is $61.47.

Camtek (NASDAQ:CAMTGet Free Report) last issued its earnings results on Tuesday, November 14th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05. The firm had revenue of $80.47 million for the quarter, compared to analysts’ expectations of $78.25 million. Camtek had a return on equity of 19.08% and a net margin of 25.75%. On average, equities analysts predict that Camtek Ltd. will post 1.66 earnings per share for the current year.

Camtek Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding CAMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Camtek Ltd. (NASDAQ:CAMTFree Report).

Institutional Ownership by Quarter for Camtek (NASDAQ:CAMT)

Receive News & Ratings for Camtek Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camtek and related companies with MarketBeat.com's FREE daily email newsletter.