Royal Bank of Canada Has $22.23 Million Holdings in Camtek Ltd. $CAMT

Royal Bank of Canada lessened its stake in Camtek Ltd. (NASDAQ:CAMT) by 14.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,608 shares of the semiconductor company’s stock after selling 24,574 shares during the quarter. Royal Bank of Canada’s holdings in Camtek were worth $22,227,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Wasatch Advisors LP increased its position in shares of Camtek by 14.7% during the third quarter. Wasatch Advisors LP now owns 4,020,683 shares of the semiconductor company’s stock worth $422,373,000 after acquiring an additional 513,956 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Camtek by 38.2% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,302,009 shares of the semiconductor company’s stock valued at $349,008,000 after purchasing an additional 636,773 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Camtek by 12.0% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,318,396 shares of the semiconductor company’s stock worth $140,205,000 after acquiring an additional 140,796 shares during the period. Vanguard Group Inc. grew its stake in shares of Camtek by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 1,086,242 shares of the semiconductor company’s stock valued at $116,615,000 after acquiring an additional 7,220 shares in the last quarter. Finally, Y.D. More Investments Ltd grew its position in Camtek by 20.8% during the first quarter. Y.D. More Investments Ltd now owns 783,365 shares of the semiconductor company’s stock worth $114,901,000 after buying an additional 134,791 shares in the last quarter. 41.93% of the stock is currently owned by institutional investors and hedge funds.

Camtek Trading Down 2.7%

NASDAQ CAMT opened at $147.60 on Thursday. Camtek Ltd. has a twelve month low of $75.75 and a twelve month high of $215.99. The company has a market capitalization of $6.89 billion, a price-to-earnings ratio of 169.66, a PEG ratio of 3.64 and a beta of 1.58. The stock’s 50-day simple moving average is $159.83 and its two-hundred day simple moving average is $162.98. 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, beating the consensus estimate of $0.69 by $0.01. The company had revenue of $121.66 million for the quarter, compared to analyst estimates of $120.15 million. Camtek had a net margin of 9.63% and a return on equity of 22.26%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.79 EPS. Research analysts forecast that Camtek Ltd. will post 3.14 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus reissued a “hold” rating and set a $185.00 target price on shares of Camtek in a report on Friday, April 17th. Evercore reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Camtek in a research note on Wednesday, May 13th. Oppenheimer raised their price target on shares of Camtek from $180.00 to $195.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Northland Securities set a $174.00 price objective on Camtek in a research report on Wednesday, May 13th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Camtek in a research note on Monday, April 20th. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $174.67.

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.