Y.D. More Investments Ltd Grows Stock Position in Camtek Ltd. $CAMT

Y.D. More Investments Ltd increased its holdings in Camtek Ltd. (NASDAQ:CAMT) by 13.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 732,664 shares of the semiconductor company’s stock after buying an additional 88,007 shares during the quarter. Camtek comprises 4.3% of Y.D. More Investments Ltd’s portfolio, making the stock its 7th largest holding. Y.D. More Investments Ltd owned about 1.61% of Camtek worth $76,684,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rothschild Investment LLC acquired a new position in shares of Camtek during the 3rd quarter valued at about $54,000. Vanguard Group Inc. raised its holdings in Camtek by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,079,022 shares of the semiconductor company’s stock worth $113,454,000 after acquiring an additional 15,432 shares during the period. JPMorgan Chase & Co. lifted its position in Camtek by 42.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 51,694 shares of the semiconductor company’s stock worth $5,430,000 after acquiring an additional 15,490 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Camtek by 31.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 32,056 shares of the semiconductor company’s stock valued at $3,367,000 after purchasing an additional 7,646 shares during the period. Finally, Savant Capital LLC acquired a new stake in Camtek in the 3rd quarter valued at approximately $241,000. 41.93% of the stock is owned by hedge funds and other institutional investors.

Camtek Price Performance

Camtek stock traded down $1.82 during mid-day trading on Friday, hitting $151.37. 35,520 shares of the company were exchanged, compared to its average volume of 558,978. The company has a market capitalization of $6.90 billion, a PE ratio of 159.34, a price-to-earnings-growth ratio of 3.39 and a beta of 1.57. Camtek Ltd. has a 1-year low of $47.41 and a 1-year high of $170.46. The company has a quick ratio of 6.52, a current ratio of 7.58 and a debt-to-equity ratio of 0.90. The business has a fifty day moving average of $133.34 and a 200 day moving average of $112.95.

Camtek (NASDAQ:CAMT) last released its quarterly earnings data on Wednesday, February 18th. The semiconductor company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.02). The company had revenue of $128.12 million during the quarter, compared to the consensus estimate of $127.10 million. Camtek had a net margin of 10.23% and a return on equity of 23.80%. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.77 EPS. As a group, sell-side analysts expect that Camtek Ltd. will post 2.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CAMT has been the topic of several research analyst reports. Morgan Stanley set a $151.00 price objective on shares of Camtek in a research note on Thursday. B. Riley Financial raised their price target on shares of Camtek from $145.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Camtek in a research report on Monday, December 29th. Wall Street Zen raised Camtek from a “sell” rating to a “hold” rating in a research report on Sunday, January 11th. Finally, Oppenheimer boosted their price target on Camtek from $120.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $165.92.

Camtek Profile

Camtek Ltd. (NASDAQ: CAMT) is a provider of automated inspection and metrology solutions for the semiconductor and printed circuit board (PCB) industries. The company develops, manufactures and markets a suite of inline and stand-alone systems that perform high‐resolution 2D and 3D measurements, defect review and process control. Its products are used by integrated device manufacturers, foundries, OSAT (outsourced semiconductor assembly and test) providers, and PCB fabricators to optimize yield, improve product quality and reduce production costs.

Camtek’s core offerings include wafer inspection systems that detect and classify defects on patterned wafers, patterned wafer metrology tools for overlay and critical dimension measurements, and advanced packaging inspection platforms for 3D ICs and fan-out wafer-level packaging.