Lisanti Capital Growth LLC Invests $2.30 Million in Camtek Ltd. $CAMT

Lisanti Capital Growth LLC bought a new position in Camtek Ltd. (NASDAQ:CAMT) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 21,640 shares of the semiconductor company’s stock, valued at approximately $2,301,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Advisory Services Network LLC purchased a new stake in shares of Camtek in the 3rd quarter worth about $32,000. Global Retirement Partners LLC purchased a new position in shares of Camtek during the 4th quarter worth approximately $52,000. Rothschild Investment LLC purchased a new position in shares of Camtek during the 3rd quarter worth approximately $54,000. Advisors Asset Management Inc. raised its position in shares of Camtek by 61.6% in the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 293 shares in the last quarter. Finally, Aventura Private Wealth LLC bought a new position in shares of Camtek in the 4th quarter worth approximately $108,000. 41.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CAMT shares. Oppenheimer lifted their price target on Camtek from $180.00 to $195.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Weiss Ratings upgraded Camtek from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, May 14th. Barclays boosted their target price on shares of Camtek from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Zacks Research raised shares of Camtek from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Finally, Northland Securities set a $174.00 price target on shares of Camtek in a research note on Wednesday, May 13th. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.33.

Camtek Stock Up 4.2%

CAMT stock opened at $167.37 on Friday. The business has a 50 day moving average of $173.12 and a 200 day moving average of $145.04. The firm has a market cap of $7.67 billion, a PE ratio of 192.38, a price-to-earnings-growth ratio of 4.03 and a beta of 1.61. Camtek Ltd. has a twelve month low of $62.88 and a twelve month high of $215.99. The company has a quick ratio of 7.46, a current ratio of 8.35 and a debt-to-equity ratio of 0.71.

Camtek (NASDAQ:CAMT) last released its earnings results on Tuesday, May 12th. The semiconductor company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.69 by $0.01. Camtek had a return on equity of 22.26% and a net margin of 9.63%.The business had revenue of $121.66 million for the quarter, compared to the consensus estimate of $120.15 million. During the same period in the previous year, the company posted $0.79 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, research analysts forecast that Camtek Ltd. will post 3.13 EPS for the current fiscal year.

About Camtek

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.