Bank of New York Mellon Corp Grows Position in Camtek Ltd. (NASDAQ:CAMT)

Bank of New York Mellon Corp increased its position in shares of Camtek Ltd. (NASDAQ:CAMT) by 44.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 57,752 shares of the semiconductor company’s stock after purchasing an additional 17,637 shares during the period. Bank of New York Mellon Corp’s holdings in Camtek were worth $4,665,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CAMT. Advisors Asset Management Inc. boosted its stake in shares of Camtek by 78.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 145 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Camtek during the 3rd quarter worth about $53,000. Sanctuary Advisors LLC purchased a new position in shares of Camtek during the 4th quarter worth about $209,000. Prentiss Smith & Co. Inc. boosted its stake in shares of Camtek by 10.8% during the 4th quarter. Prentiss Smith & Co. Inc. now owns 2,786 shares of the semiconductor company’s stock worth $225,000 after purchasing an additional 272 shares during the period. Finally, Stifel Financial Corp boosted its stake in shares of Camtek by 77.3% during the 3rd quarter. Stifel Financial Corp now owns 3,151 shares of the semiconductor company’s stock worth $252,000 after purchasing an additional 1,374 shares during the period. 41.93% of the stock is owned by hedge funds and other institutional investors.

Camtek Trading Up 0.1 %

NASDAQ CAMT opened at $65.98 on Tuesday. The company has a quick ratio of 4.11, a current ratio of 5.00 and a debt-to-equity ratio of 0.36. The firm has a market cap of $2.99 billion, a PE ratio of 27.26, a price-to-earnings-growth ratio of 1.89 and a beta of 1.38. The company has a 50 day moving average price of $84.79 and a 200 day moving average price of $81.09. Camtek Ltd. has a 52 week low of $62.44 and a 52 week high of $140.50.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings data on Wednesday, February 12th. The semiconductor company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.06). Camtek had a return on equity of 24.99% and a net margin of 27.61%. As a group, sell-side analysts forecast that Camtek Ltd. will post 2.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on CAMT. Stifel Nicolaus reissued a “buy” rating and issued a $105.00 price objective on shares of Camtek in a research report on Thursday, December 12th. Cantor Fitzgerald began coverage on shares of Camtek in a research report on Monday, January 13th. They issued a “neutral” rating and a $100.00 price objective for the company. Barclays lowered their price objective on shares of Camtek from $140.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. StockNews.com raised shares of Camtek from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $110.00 price objective on shares of Camtek in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $114.11.

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.