Assenagon Asset Management S.A. Buys Shares of 31,251 Camtek Ltd. (NASDAQ:CAMT)

Assenagon Asset Management S.A. acquired a new position in Camtek Ltd. (NASDAQ:CAMT) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 31,251 shares of the semiconductor company’s stock, valued at approximately $2,495,000.

Several other large investors have also recently made changes to their positions in CAMT. Blue Trust Inc. increased its position in shares of Camtek by 4.1% in the 2nd quarter. Blue Trust Inc. now owns 2,721 shares of the semiconductor company’s stock valued at $341,000 after purchasing an additional 108 shares during the last quarter. Petra Financial Advisors Inc. increased its position in shares of Camtek by 1.5% in the 2nd quarter. Petra Financial Advisors Inc. now owns 8,290 shares of the semiconductor company’s stock valued at $1,038,000 after purchasing an additional 120 shares during the last quarter. Ellsworth Advisors LLC increased its position in shares of Camtek by 3.4% in the 2nd quarter. Ellsworth Advisors LLC now owns 7,393 shares of the semiconductor company’s stock valued at $926,000 after purchasing an additional 245 shares during the last quarter. PNC Financial Services Group Inc. increased its position 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 valued at $158,000 after purchasing an additional 340 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Camtek by 23,300.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company’s stock valued at $59,000 after purchasing an additional 466 shares during the last quarter. 41.93% of the stock is currently owned by institutional investors and hedge funds.

Camtek Stock Performance

NASDAQ:CAMT opened at $79.56 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 firm has a 50-day moving average price of $81.95 and a two-hundred day moving average price of $95.64. Camtek Ltd. has a twelve month low of $49.71 and a twelve month high of $140.50. The company has a market capitalization of $3.57 billion, a P/E ratio of 44.95, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38.

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

Analysts Set New Price Targets

A number of brokerages have commented on CAMT. Northland Capmk raised shares of Camtek from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. B. Riley dropped their target price on shares of Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Northland Securities raised shares of Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 target price on the stock in a research report on Monday, August 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $140.00 target price on shares of Camtek in a research report on Friday, August 2nd. Finally, StockNews.com raised shares of Camtek from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $116.57.

Camtek 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.