Camtek Ltd. (NASDAQ:CAMT) Position Increased by Marshall Wace LLP

Marshall Wace LLP raised its position in Camtek Ltd. (NASDAQ:CAMT) by 70.4% during the second quarter, HoldingsChannel.com reports. The firm owned 38,907 shares of the semiconductor company’s stock after buying an additional 16,078 shares during the quarter. Marshall Wace LLP’s holdings in Camtek were worth $4,873,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of CAMT. Headlands Technologies LLC bought a new stake in shares of Camtek in the 1st quarter valued at approximately $50,000. Russell Investments Group Ltd. lifted its stake in Camtek by 524.6% in the first quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock valued at $123,000 after acquiring an additional 1,238 shares during the last quarter. PNC Financial Services Group Inc. lifted 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 acquiring an additional 340 shares during the last quarter. Central Asset Investments & Management Holdings HK Ltd bought a new stake in Camtek in the second quarter worth approximately $250,000. Finally, Blue Trust Inc. increased its stake in shares of Camtek by 4.1% during the 2nd quarter. Blue Trust Inc. now owns 2,721 shares of the semiconductor company’s stock worth $341,000 after purchasing an additional 108 shares during the last quarter. 41.93% of the stock is owned by institutional investors and hedge funds.

Camtek Stock Down 4.0 %

CAMT opened at $76.67 on Wednesday. The business has a 50 day moving average of $88.75 and a 200-day moving average of $95.87. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of 43.31, a P/E/G ratio of 1.43 and a beta of 1.39. The company has a current ratio of 5.21, a quick ratio of 4.29 and a debt-to-equity ratio of 0.42. Camtek Ltd. has a 1-year low of $48.50 and a 1-year high of $140.50.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates 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 in the prior year, the firm earned $0.38 EPS. The business’s revenue was up 39.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Camtek Ltd. will post 2.45 earnings per share for the current year.

Analyst Ratings Changes

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