First Wilshire Securities Management Inc. Grows Holdings in Camtek Ltd. $CAMT

First Wilshire Securities Management Inc. increased its position in Camtek Ltd. (NASDAQ:CAMT) by 47.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 288,022 shares of the semiconductor company’s stock after acquiring an additional 93,220 shares during the quarter. Camtek accounts for 6.6% of First Wilshire Securities Management Inc.’s holdings, making the stock its 3rd largest position. First Wilshire Securities Management Inc.’s holdings in Camtek were worth $24,355,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. HBK Sorce Advisory LLC grew its holdings in Camtek by 1.4% during the 2nd quarter. HBK Sorce Advisory LLC now owns 8,645 shares of the semiconductor company’s stock worth $731,000 after acquiring an additional 121 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Camtek by 23.8% during the second quarter. Advisors Asset Management Inc. now owns 952 shares of the semiconductor company’s stock worth $81,000 after purchasing an additional 183 shares during the period. Cetera Investment Advisers grew its stake in shares of Camtek by 4.7% in the second quarter. Cetera Investment Advisers now owns 4,841 shares of the semiconductor company’s stock worth $409,000 after purchasing an additional 217 shares during the last quarter. Geode Capital Management LLC increased its holdings in Camtek by 0.7% in the second quarter. Geode Capital Management LLC now owns 39,420 shares of the semiconductor company’s stock valued at $3,333,000 after purchasing an additional 279 shares during the period. Finally, Petrus Trust Company LTA increased its holdings in Camtek by 12.9% in the first quarter. Petrus Trust Company LTA now owns 3,706 shares of the semiconductor company’s stock valued at $217,000 after purchasing an additional 422 shares during the period. 41.93% of the stock is currently owned by institutional investors and hedge funds.

Camtek Trading Down 1.1%

Shares of CAMT stock opened at $117.07 on Monday. Camtek Ltd. has a fifty-two week low of $47.41 and a fifty-two week high of $129.41. The company has a debt-to-equity ratio of 0.90, a quick ratio of 6.52 and a current ratio of 7.58. The stock has a 50 day simple moving average of $112.55 and a two-hundred day simple moving average of $94.22. The company has a market cap of $5.34 billion, a P/E ratio of 130.08, a PEG ratio of 2.95 and a beta of 1.57.

Analysts Set New Price Targets

Several research analysts have commented on the company. Northland Securities set a $140.00 target price on Camtek in a report on Tuesday, October 7th. Morgan Stanley initiated coverage on Camtek in a research note on Monday, December 1st. They issued an “equal weight” rating and a $110.00 price objective on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Camtek in a report on Wednesday, October 8th. Evercore ISI raised their price target on shares of Camtek from $100.00 to $130.00 and gave the stock an “outperform” rating in a report on Tuesday, November 11th. Finally, Stifel Nicolaus boosted their price target on shares of Camtek from $98.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $116.18.

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.