Sei Investments Co. Has $13.80 Million Stock Position in Camtek Ltd. (NASDAQ:CAMT)

Sei Investments Co. boosted its holdings in shares of Camtek Ltd. (NASDAQ:CAMT) by 16.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 110,156 shares of the semiconductor company’s stock after acquiring an additional 15,683 shares during the quarter. Sei Investments Co. owned 0.25% of Camtek worth $13,796,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CAMT. Headlands Technologies LLC acquired a new stake in shares of Camtek during the first quarter worth approximately $50,000. Russell Investments Group Ltd. boosted its stake in shares of Camtek by 524.6% during the 1st quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock valued at $123,000 after buying an additional 1,238 shares during the period. Central Asset Investments & Management Holdings HK Ltd acquired a new position in shares of Camtek in the second quarter worth $250,000. PNC Financial Services Group Inc. raised its holdings in shares of Camtek by 17.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the semiconductor company’s stock worth $158,000 after acquiring an additional 340 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in Camtek by 4.1% during the second 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. Hedge funds and other institutional investors own 41.93% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on CAMT shares. Northland Securities raised 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. Northland Capmk raised shares of Camtek from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. Needham & Company LLC reissued a “buy” rating and issued a $140.00 target price on shares of Camtek in a research report on Friday, August 2nd. Finally, B. Riley cut their price target on shares of Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Camtek presently has an average rating of “Buy” and a consensus price target of $116.57.

Camtek Stock Down 3.8 %

Camtek stock opened at $82.67 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.21 and a quick ratio of 4.29. Camtek Ltd. has a fifty-two week low of $48.50 and a fifty-two week high of $140.50. The firm has a fifty day moving average price of $89.40 and a two-hundred day moving average price of $95.57. The firm has a market cap of $3.71 billion, a price-to-earnings ratio of 46.71, a P/E/G ratio of 1.43 and a beta of 1.39.

Camtek (NASDAQ:CAMT) last announced 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. The firm had revenue of $102.60 million during the quarter, compared to the consensus estimate of $101.26 million. Camtek had a return on equity of 22.57% and a net margin of 25.93%. The firm’s revenue for the quarter was up 39.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.38 EPS. As a group, analysts forecast that Camtek Ltd. will post 2.45 earnings per share for the current year.

About Camtek

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.