State of New Jersey Common Pension Fund D Has $3.66 Million Stock Holdings in Camtek Ltd. (NASDAQ:CAMT)

State of New Jersey Common Pension Fund D grew its holdings in Camtek Ltd. (NASDAQ:CAMT) by 8.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,745 shares of the semiconductor company’s stock after purchasing an additional 4,158 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.12% of Camtek worth $3,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BluePath Capital Management LLC acquired a new position in shares of Camtek in the 3rd quarter valued at about $31,000. Optimum Investment Advisors raised its stake in Camtek by 15.0% during the 4th quarter. Optimum Investment Advisors now owns 1,725 shares of the semiconductor company’s stock worth $120,000 after buying an additional 225 shares during the period. PNC Financial Services Group Inc. raised its stake in Camtek by 431.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,940 shares of the semiconductor company’s stock worth $121,000 after buying an additional 1,575 shares during the period. C M Bidwell & Associates Ltd. raised its stake in Camtek by 3,062.2% during the 3rd quarter. C M Bidwell & Associates Ltd. now owns 2,846 shares of the semiconductor company’s stock worth $177,000 after buying an additional 2,756 shares during the period. Finally, WINTON GROUP Ltd acquired a new position in Camtek during the 3rd quarter worth approximately $207,000. 41.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CAMT shares. Barclays upped their price target on Camtek from $82.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 21st. B. Riley reaffirmed a “buy” rating and set a $102.00 price target on shares of Camtek in a research note on Tuesday, March 26th. Finally, Evercore ISI began coverage on Camtek in a research note on Tuesday, April 16th. They set an “outperform” rating and a $100.00 price target on the stock. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.75.

Camtek Stock Performance

Shares of Camtek stock opened at $82.16 on Friday. The company has a market cap of $3.69 billion, a PE ratio of 50.72, a price-to-earnings-growth ratio of 2.70 and a beta of 1.41. Camtek Ltd. has a 52 week low of $25.38 and a 52 week high of $90.54. The business has a 50 day moving average price of $80.49 and a 200-day moving average price of $71.54. The company has a quick ratio of 4.77, a current ratio of 5.66 and a debt-to-equity ratio of 0.41.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings data on Tuesday, February 20th. The semiconductor company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.53 by $0.04. The firm had revenue of $88.70 million during the quarter, compared to the consensus estimate of $88.02 million. Camtek had a return on equity of 18.92% and a net margin of 24.93%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.45 earnings per share. Equities analysts anticipate that Camtek Ltd. will post 2.12 earnings per share for the current fiscal year.

Camtek Announces Dividend

The firm also recently announced a Variable dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th were issued a $1.33 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. Camtek’s dividend payout ratio is presently 82.10%.

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.