Scientech Research LLC Takes $1.19 Million Position in Camtek Ltd. (NASDAQ:CAMT)

Scientech Research LLC purchased a new position in shares of Camtek Ltd. (NASDAQ:CAMT) during the second quarter, Holdings Channel reports. The firm purchased 9,489 shares of the semiconductor company’s stock, valued at approximately $1,188,000.

Other institutional investors also recently added to or reduced their stakes in the company. Clal Insurance Enterprises Holdings Ltd grew 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 acquiring an additional 64,484 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in Camtek by 5.7% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 882,165 shares of the semiconductor company’s stock worth $73,899,000 after purchasing an additional 47,900 shares during the last quarter. Hood River Capital Management LLC grew its holdings in shares of Camtek by 1.9% during the first quarter. Hood River Capital Management LLC now owns 691,780 shares of the semiconductor company’s stock worth $57,950,000 after buying an additional 13,094 shares during the last quarter. Lord Abbett & CO. LLC acquired a new position in shares of Camtek in the first quarter valued at approximately $55,026,000. Finally, Y.D. More Investments Ltd increased its stake in Camtek by 723.7% in the 2nd quarter. Y.D. More Investments Ltd now owns 626,973 shares of the semiconductor company’s stock valued at $78,709,000 after buying an additional 550,854 shares during the period. Institutional investors and hedge funds own 41.93% of the company’s stock.

Camtek Trading Down 3.8 %

Shares of CAMT opened at $82.67 on Friday. Camtek Ltd. has a 12 month low of $48.50 and a 12 month high of $140.50. The stock’s 50-day moving average is $89.40 and its two-hundred day moving average is $95.57. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.21 and a quick ratio of 4.29. The stock has a market cap of $3.71 billion, a PE ratio of 46.71, a P/E/G ratio of 1.43 and a beta of 1.39.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CAMT shares. B. Riley dropped their price target on shares of Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Northland Capmk upgraded Camtek from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $140.00 price target on shares of Camtek in a research note on Friday, August 2nd. Finally, Northland Securities upgraded shares of Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 target price on the stock in a 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $116.57.

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.