Hsbc Holdings PLC Makes New $582,000 Investment in Camtek Ltd. $CAMT

Hsbc Holdings PLC purchased a new stake in shares of Camtek Ltd. (NASDAQ:CAMT) in the first quarter, HoldingsChannel reports. The institutional investor purchased 3,930 shares of the semiconductor company’s stock, valued at approximately $582,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wasatch Advisors LP raised its stake in shares of Camtek by 14.7% in the 3rd quarter. Wasatch Advisors LP now owns 4,020,683 shares of the semiconductor company’s stock worth $422,373,000 after buying an additional 513,956 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Camtek by 56.9% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,665,236 shares of the semiconductor company’s stock valued at $177,090,000 after buying an additional 604,097 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its stake in 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 valued at $140,205,000 after buying an additional 140,796 shares in the last quarter. Vanguard Group Inc. boosted its stake in Camtek by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 1,086,242 shares of the semiconductor company’s stock valued at $116,615,000 after buying an additional 7,220 shares in the last quarter. Finally, Analog Century Management LP grew its holdings in Camtek by 14.8% during the fourth quarter. Analog Century Management LP now owns 693,720 shares of the semiconductor company’s stock worth $73,774,000 after acquiring an additional 89,461 shares during the period. 41.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on CAMT. Jefferies Financial Group boosted their price target on shares of Camtek from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Oppenheimer raised their price objective 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. Needham & Company LLC lifted their price objective on shares of Camtek from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Morgan Stanley boosted their target price on shares of Camtek from $163.00 to $167.00 and gave the stock an “equal weight” rating in a report on Monday, July 6th. Finally, Barclays boosted their target price on shares of Camtek from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $174.67.

Camtek Price Performance

Shares of NASDAQ:CAMT opened at $132.46 on Friday. The company’s fifty day moving average is $161.29 and its two-hundred day moving average is $162.62. 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 Ltd. has a 12-month low of $75.75 and a 12-month high of $215.99. The company has a market cap of $6.18 billion, a P/E ratio of 152.25, a price-to-earnings-growth ratio of 3.29 and a beta of 1.55.

Camtek (NASDAQ:CAMT) last released its earnings results on Tuesday, May 12th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. The company had revenue of $121.66 million during the quarter, compared to analyst estimates of $120.15 million. Camtek had a return on equity of 22.26% and a net margin of 9.63%.The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.79 earnings per share. Equities analysts expect that Camtek Ltd. will post 3.14 earnings per share 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.