Blue Trust Inc. Raises Holdings in Camtek Ltd. (NASDAQ:CAMT)

Blue Trust Inc. grew its holdings in Camtek Ltd. (NASDAQ:CAMT) by 47.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 4,020 shares of the semiconductor company’s stock after buying an additional 1,299 shares during the quarter. Blue Trust Inc.’s holdings in Camtek were worth $321,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Headlands Technologies LLC bought a new stake in Camtek during the first quarter valued at about $50,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Camtek by 23,300.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company’s stock valued at $59,000 after purchasing an additional 466 shares during the period. Russell Investments Group Ltd. raised 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 worth $123,000 after buying an additional 1,238 shares in 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 worth $158,000 after buying an additional 340 shares in the last quarter. Finally, Gateway Wealth Partners LLC acquired a new position in shares of Camtek during the second quarter worth $220,000. Institutional investors own 41.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CAMT. StockNews.com raised Camtek from a “sell” rating to a “hold” rating in a research report on Friday. Northland Securities raised shares of Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 price target on the stock in a research note on Monday, August 5th. Northland Capmk raised shares of Camtek from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. B. Riley cut their price objective on shares of Camtek from $150.00 to $140.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, Needham & Company LLC restated a “buy” rating and set a $140.00 price target on shares of Camtek in a report on Friday, August 2nd. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $116.57.

Camtek Trading Down 1.7 %

NASDAQ CAMT opened at $77.59 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 4.29 and a current ratio of 5.21. The firm’s fifty day moving average is $83.39 and its two-hundred day moving average is $95.51. Camtek Ltd. has a one year low of $49.64 and a one year high of $140.50. The firm has a market cap of $3.48 billion, a PE ratio of 43.84, a P/E/G ratio of 1.55 and a beta of 1.38.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates 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%. Camtek’s revenue was up 39.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 earnings per share. Analysts expect that Camtek Ltd. will post 2.45 earnings per share for the current year.

Camtek Company 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.