Susquehanna International Group Ltd. Acquires New Holdings in Camtek Ltd. (NASDAQ:CAMT)

Susquehanna International Group Ltd. acquired a new stake in shares of Camtek Ltd. (NASDAQ:CAMT) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,889 shares of the semiconductor company’s stock, valued at approximately $237,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. 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 in the last quarter. Petra Financial Advisors Inc. raised its stake in Camtek by 1.5% in the second quarter. Petra Financial Advisors Inc. now owns 8,290 shares of the semiconductor company’s stock valued at $1,038,000 after buying an additional 120 shares during the last quarter. Ellsworth Advisors LLC raised its stake in Camtek by 3.4% in the second quarter. Ellsworth Advisors LLC now owns 7,393 shares of the semiconductor company’s stock valued at $926,000 after buying an additional 245 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Camtek by 17.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the semiconductor company’s stock valued at $158,000 after buying an additional 340 shares during the last quarter. Finally, Truvestments Capital LLC raised its stake in Camtek by 5.2% in the first quarter. Truvestments Capital LLC now owns 10,191 shares of the semiconductor company’s stock valued at $854,000 after buying an additional 507 shares during the last quarter. Institutional investors own 41.93% of the company’s stock.

Camtek Trading Down 3.8 %

Shares of NASDAQ:CAMT opened at $82.67 on Friday. Camtek Ltd. has a 52-week low of $48.50 and a 52-week high of $140.50. The stock has a market cap of $3.71 billion, a price-to-earnings ratio of 46.71, a PEG ratio of 1.43 and a beta of 1.39. The company has a quick ratio of 4.29, a current ratio of 5.21 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average price of $89.40 and a 200-day moving average price of $95.57.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share (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 during the quarter, compared to analysts’ expectations of $101.26 million. During the same period last year, the business posted $0.38 earnings per share. The company’s revenue for the quarter was up 39.4% compared to the same quarter last year. Equities analysts predict that Camtek Ltd. will post 2.45 EPS for the current year.

Analysts Set New Price Targets

CAMT has been the subject of a number of research analyst reports. Northland Capmk upgraded Camtek from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. Northland Securities upgraded Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 price target for the company in a research note on Monday, August 5th. B. Riley decreased their price target on Camtek from $150.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $140.00 price target on shares of Camtek in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Camtek has a consensus rating of “Buy” and a consensus target price of $116.57.

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.