Renaissance Technologies LLC Sells 118,700 Shares of Camtek Ltd. (NASDAQ:CAMT)

Renaissance Technologies LLC decreased its position in Camtek Ltd. (NASDAQ:CAMT) by 26.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 327,540 shares of the semiconductor company’s stock after selling 118,700 shares during the quarter. Renaissance Technologies LLC’s holdings in Camtek were worth $41,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Headlands Technologies LLC purchased a new position in shares of Camtek in the first quarter valued at $50,000. Russell Investments Group Ltd. grew its stake in shares of Camtek by 524.6% in the 1st quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock worth $123,000 after buying an additional 1,238 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Camtek by 17.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the semiconductor company’s stock worth $158,000 after buying an additional 340 shares in the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Camtek in the 4th quarter worth about $214,000. Finally, Shaker Investments LLC OH purchased a new stake in shares of Camtek during the 1st quarter valued at about $266,000. 41.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on CAMT. 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 for the company in a report on Monday, August 5th. Needham & Company LLC restated a “buy” rating and set a $140.00 price target on shares of Camtek in a report on Friday, August 2nd. B. Riley lowered their price target on Camtek from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, Bank of America boosted their price objective on shares of Camtek from $98.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday, May 22nd. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $116.57.

Camtek Trading Down 4.5 %

NASDAQ CAMT opened at $71.51 on Thursday. Camtek Ltd. has a 12 month low of $48.50 and a 12 month high of $140.50. The company’s 50-day moving average price is $95.55 and its 200-day moving average price is $95.79. The stock has a market cap of $3.21 billion, a PE ratio of 40.40, a PEG ratio of 1.64 and a beta of 1.39. The company has a current ratio of 5.21, a quick ratio of 4.29 and a debt-to-equity ratio of 0.42.

Camtek (NASDAQ:CAMT) last issued its earnings results on Thursday, August 1st. The semiconductor company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. Camtek had a net margin of 25.93% and a return on equity of 22.57%. The business had revenue of $102.60 million for the quarter, compared to the consensus estimate of $101.26 million. During the same period in the prior year, the firm earned $0.38 EPS. The company’s revenue for the quarter was up 39.4% compared to the same quarter last year. Equities research analysts forecast that Camtek Ltd. will post 2.45 earnings per share for the current year.

Camtek Company 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.