Thrivent Financial for Lutherans Lowers Holdings in Camtek Ltd. (NASDAQ:CAMT)

Thrivent Financial for Lutherans reduced its stake in shares of Camtek Ltd. (NASDAQ:CAMT) by 79.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,531 shares of the semiconductor company’s stock after selling 13,374 shares during the period. Thrivent Financial for Lutherans’ holdings in Camtek were worth $282,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. raised its stake in Camtek by 7.5% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 856,453 shares of the semiconductor company’s stock worth $68,388,000 after purchasing an additional 60,088 shares during the period. Y.D. More Investments Ltd increased its holdings in shares of Camtek by 723.7% during the 2nd quarter. Y.D. More Investments Ltd now owns 626,973 shares of the semiconductor company’s stock worth $78,709,000 after buying an additional 550,854 shares during the last quarter. Meitav Investment House Ltd. increased its holdings in shares of Camtek by 14.1% during the 3rd quarter. Meitav Investment House Ltd. now owns 373,044 shares of the semiconductor company’s stock worth $29,887,000 after buying an additional 46,016 shares during the last quarter. Millennium Management LLC raised its position in shares of Camtek by 34.0% in the 2nd quarter. Millennium Management LLC now owns 217,617 shares of the semiconductor company’s stock worth $27,254,000 after buying an additional 55,234 shares during the period. Finally, Zweig DiMenna Associates LLC boosted its holdings in Camtek by 18.0% in the second quarter. Zweig DiMenna Associates LLC now owns 196,750 shares of the semiconductor company’s stock valued at $24,641,000 after acquiring an additional 30,050 shares during the last quarter. 41.93% of the stock is owned by institutional investors and hedge funds.

Camtek Stock Performance

Shares of NASDAQ:CAMT opened at $72.72 on Friday. The company has a market cap of $3.30 billion, a P/E ratio of 33.51, a PEG ratio of 1.38 and a beta of 1.34. Camtek Ltd. has a one year low of $60.90 and a one year high of $140.50. The business’s 50-day simple moving average is $78.18 and its 200 day simple moving average is $93.85. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.36 and a current ratio of 5.28.

Camtek (NASDAQ:CAMT) last posted its earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. The business had revenue of $112.30 million for the quarter, compared to analysts’ expectations of $108.51 million. Camtek had a net margin of 26.53% and a return on equity of 24.21%. The business’s revenue for the quarter was up 39.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 earnings per share. On average, sell-side analysts forecast that Camtek Ltd. will post 2.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on CAMT shares. Needham & Company LLC restated a “buy” rating and set a $95.00 price target on shares of Camtek in a research note on Wednesday, November 13th. Northland Securities increased their target price on shares of Camtek from $99.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Finally, StockNews.com upgraded shares of Camtek from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. One 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. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $110.57.

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.