Northwestern Mutual Wealth Management Co. Purchases 466 Shares of Camtek Ltd. (NASDAQ:CAMT)

Northwestern Mutual Wealth Management Co. boosted its position in Camtek Ltd. (NASDAQ:CAMT) by 23,300.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 468 shares of the semiconductor company’s stock after purchasing an additional 466 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Camtek were worth $59,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Susquehanna International Group Ltd. purchased a new stake in shares of Camtek in the second quarter worth $237,000. Scientech Research LLC purchased a new stake in shares of Camtek in the 2nd quarter valued at about $1,188,000. Millennium Management LLC grew its holdings in shares of Camtek by 34.0% during the second quarter. Millennium Management LLC now owns 217,617 shares of the semiconductor company’s stock worth $27,254,000 after purchasing an additional 55,234 shares in the last quarter. Employees Retirement System of Texas increased its position in shares of Camtek by 32.1% in the second quarter. Employees Retirement System of Texas now owns 16,182 shares of the semiconductor company’s stock worth $2,027,000 after purchasing an additional 3,929 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in Camtek in the second quarter valued at approximately $1,423,000. 41.93% of the stock is owned by institutional investors.

Camtek Price Performance

CAMT opened at $84.16 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. The stock’s 50 day simple moving average is $85.08 and its 200 day simple moving average is $95.63. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 47.55, a PEG ratio of 1.55 and a beta of 1.38. Camtek Ltd. has a 1 year low of $48.50 and a 1 year high of $140.50.

Camtek (NASDAQ:CAMT) last issued its earnings results on Thursday, August 1st. The semiconductor company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.64 by $0.02. The company had revenue of $102.60 million for the quarter, compared to the consensus estimate of $101.26 million. Camtek had a net margin of 25.93% and a return on equity of 22.57%. The firm’s revenue for the quarter was up 39.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 earnings per share. As a group, analysts predict that Camtek Ltd. will post 2.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on CAMT. Northland Securities raised shares of 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 lowered their price target on Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Northland Capmk upgraded Camtek from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. Finally, Needham & Company LLC reissued a “buy” rating and set a $140.00 price objective 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 company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus 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.