Camtek Ltd. (NASDAQ:CAMT) is Driehaus Capital Management LLC’s 7th Largest Position

Driehaus Capital Management LLC reduced its stake in Camtek Ltd. (NASDAQ:CAMT) by 31.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,339,006 shares of the semiconductor company’s stock after selling 627,684 shares during the period. Camtek makes up approximately 1.6% of Driehaus Capital Management LLC’s portfolio, making the stock its 7th biggest position. Driehaus Capital Management LLC owned about 2.98% of Camtek worth $167,697,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of CAMT. The Manufacturers Life Insurance Company increased its position in shares of Camtek by 5.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 171,810 shares of the semiconductor company’s stock valued at $11,920,000 after acquiring an additional 8,368 shares during the last quarter. Stephens Inc. AR purchased a new stake in Camtek in the fourth quarter valued at approximately $1,055,000. Prudential PLC lifted its stake in Camtek by 64.4% during the fourth quarter. Prudential PLC now owns 19,326 shares of the semiconductor company’s stock worth $1,341,000 after purchasing an additional 7,573 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Camtek by 6.0% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,131,671 shares of the semiconductor company’s stock worth $78,523,000 after buying an additional 64,484 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in shares of Camtek in the fourth quarter valued at $10,704,000. 41.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CAMT has been the subject of a number of research analyst reports. 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. B. Riley dropped their price objective on shares of Camtek from $150.00 to $140.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $140.00 target price on shares of Camtek in a research note on Friday, August 2nd. Finally, Northland Capmk raised shares of Camtek from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Camtek presently has an average rating of “Buy” and a consensus price target of $116.57.

Camtek Price Performance

Camtek stock opened at $82.67 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 company has a fifty day simple moving average of $89.40 and a 200-day simple moving average of $95.57. The stock has a market cap of $3.71 billion, a P/E ratio of 46.71, a price-to-earnings-growth ratio of 1.43 and a beta of 1.39. Camtek Ltd. has a 12-month low of $48.50 and a 12-month high of $140.50.

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