7,819 Shares in Camtek Ltd. (NASDAQ:CAMT) Bought by Blueshift Asset Management LLC

Blueshift Asset Management LLC acquired a new position in Camtek Ltd. (NASDAQ:CAMT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,819 shares of the semiconductor company’s stock, valued at approximately $624,000.

A number of other institutional investors have also recently bought and sold shares of CAMT. Blue Trust Inc. raised its stake in shares of Camtek by 4.1% during the 2nd quarter. Blue Trust Inc. now owns 2,721 shares of the semiconductor company’s stock worth $341,000 after purchasing an additional 108 shares during the period. Petra Financial Advisors Inc. increased its holdings in Camtek by 1.5% during the second quarter. Petra Financial Advisors Inc. now owns 8,290 shares of the semiconductor company’s stock worth $1,038,000 after buying an additional 120 shares during the last quarter. Advisors Asset Management Inc. raised its position in Camtek by 78.8% in the third quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 145 shares during the period. Van ECK Associates Corp boosted its stake in Camtek by 1.6% in the third quarter. Van ECK Associates Corp now owns 9,561 shares of the semiconductor company’s stock valued at $755,000 after acquiring an additional 148 shares during the last quarter. Finally, Ellsworth Advisors LLC grew its position in shares of Camtek by 3.4% during the 2nd quarter. Ellsworth Advisors LLC now owns 7,393 shares of the semiconductor company’s stock valued at $926,000 after acquiring an additional 245 shares during the period. Institutional investors own 41.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CAMT. Northland Capmk raised shares of Camtek from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. StockNews.com raised Camtek from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Needham & Company LLC reiterated a “buy” rating and issued a $95.00 price target on shares of Camtek in a research report on Wednesday, November 13th. Northland Securities increased their price target on shares of Camtek from $99.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, B. Riley reduced their price objective on shares of Camtek from $150.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $110.57.

Camtek Stock Up 1.1 %

Shares of NASDAQ CAMT opened at $71.89 on Thursday. The company has a current ratio of 5.28, a quick ratio of 4.36 and a debt-to-equity ratio of 0.38. The business has a 50-day moving average of $78.73 and a 200-day moving average of $95.12. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 32.77, a PEG ratio of 1.30 and a beta of 1.38. Camtek Ltd. has a 12 month low of $59.33 and a 12 month high of $140.50.

Camtek (NASDAQ:CAMT) last announced its earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.06. The business had revenue of $112.30 million during the quarter, compared to analyst estimates of $108.51 million. Camtek had a net margin of 26.53% and a return on equity of 24.21%. Camtek’s revenue for the quarter was up 39.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.46 earnings per share. Sell-side analysts expect that Camtek Ltd. will post 2.53 earnings per share for the current fiscal year.

About Camtek

Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for semiconductor industry. The company provides Eagle-i, a system that delivers 2D inspection and metrology capabilities; Eagle-AP, which addresses the advanced packaging market using software and hardware technologies that deliver superior 2D and 3D inspection and metrology capabilities on the same platform; and Golden Eagle, a panel inspection and metrology system to address the challenges fanout wafer level packaging applications.