Camtek Ltd. $CAMT Position Reduced by First Wilshire Securities Management Inc.

First Wilshire Securities Management Inc. cut its stake in shares of Camtek Ltd. (NASDAQ:CAMT) by 12.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,649 shares of the semiconductor company’s stock after selling 12,711 shares during the quarter. Camtek accounts for about 3.1% of First Wilshire Securities Management Inc.’s investment portfolio, making the stock its 8th largest holding. First Wilshire Securities Management Inc.’s holdings in Camtek were worth $13,895,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of CAMT. Daiwa Securities Group Inc. lifted its position in Camtek by 202.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 299 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 200 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Camtek in the third quarter worth approximately $32,000. Fifth Third Bancorp purchased a new position in shares of Camtek in the first quarter worth $42,000. Advisors Asset Management Inc. raised its holdings in Camtek by 61.6% during the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 293 shares during the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in Camtek during the 4th quarter valued at $52,000. 41.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Jefferies Financial Group boosted their price objective on shares of Camtek from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Morgan Stanley boosted their price target on Camtek from $163.00 to $167.00 and gave the company an “equal weight” rating in a report on Monday, July 6th. Weiss Ratings raised Camtek from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 14th. Needham & Company LLC upped their target price on Camtek from $175.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $185.00 price target on shares of Camtek in a research note on Friday, April 17th. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Camtek presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.67.

Camtek Price Performance

CAMT opened at $156.15 on Wednesday. The stock has a fifty day simple moving average of $164.39 and a two-hundred day simple moving average of $161.83. The company has a current ratio of 8.35, a quick ratio of 7.46 and a debt-to-equity ratio of 0.71. The company has a market cap of $7.29 billion, a price-to-earnings ratio of 179.48, a price-to-earnings-growth ratio of 3.53 and a beta of 1.55. Camtek Ltd. has a 12-month low of $75.75 and a 12-month high of $215.99.

Camtek (NASDAQ:CAMT) last announced its earnings results on Tuesday, May 12th. The semiconductor company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. The firm had revenue of $121.66 million for the quarter, compared to analysts’ expectations of $120.15 million. Camtek had a net margin of 9.63% and a return on equity of 22.26%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.79 EPS. Research analysts predict that Camtek Ltd. will post 3.14 earnings per share for the current fiscal year.

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.