Van ECK Associates Corp Grows Position in Camtek Ltd. (NASDAQ:CAMT)

Van ECK Associates Corp increased its position in Camtek Ltd. (NASDAQ:CAMT) by 9.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 9,413 shares of the semiconductor company’s stock after purchasing an additional 848 shares during the period. Van ECK Associates Corp’s holdings in Camtek were worth $1,179,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CAMT. Natixis Advisors L.P. purchased a new position in shares of Camtek in the fourth quarter valued at about $1,099,000. BNP Paribas Financial Markets increased its holdings in Camtek by 24,285.8% during the 4th quarter. BNP Paribas Financial Markets now owns 44,626 shares of the semiconductor company’s stock valued at $3,096,000 after purchasing an additional 44,443 shares during the period. USA Financial Formulas raised its position in Camtek by 1,436.2% during the 4th quarter. USA Financial Formulas now owns 722 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 675 shares during the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in Camtek in the 4th quarter worth approximately $214,000. Finally, Renaissance Group LLC lifted its holdings in Camtek by 7.7% in the 4th quarter. Renaissance Group LLC now owns 41,014 shares of the semiconductor company’s stock worth $2,846,000 after buying an additional 2,943 shares during the period. 41.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CAMT shares. Northland Securities raised Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 target price on the stock in a research note on Monday, August 5th. 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. Bank of America raised their target price on shares of Camtek from $98.00 to $112.00 and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. Northland Capmk upgraded shares of Camtek from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Jefferies Financial Group started coverage on shares of Camtek in a report on Monday, May 13th. They issued a “buy” rating and a $120.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Camtek has a consensus rating of “Buy” and a consensus price target of $116.57.

Camtek Price Performance

Shares of CAMT opened at $77.88 on Friday. The firm’s 50-day simple moving average is $104.35 and its two-hundred day simple moving average is $95.95. Camtek Ltd. has a fifty-two week low of $48.50 and a fifty-two week high of $140.50. The stock has a market cap of $3.50 billion, a PE ratio of 44.00, a price-to-earnings-growth ratio of 1.88 and a beta of 1.39. The company has a debt-to-equity ratio of 0.42, a quick ratio of 4.29 and a current ratio of 5.21.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The company had revenue of $102.60 million during the quarter, compared to analyst estimates of $101.26 million. Camtek had a return on equity of 22.57% and a net margin of 25.93%. The firm’s revenue for the quarter was up 39.4% on a year-over-year basis. During the same quarter last year, the company earned $0.38 EPS. Analysts anticipate that Camtek Ltd. will post 2.45 earnings per share for the current fiscal 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.