State of New Jersey Common Pension Fund D Sells 5,243 Shares of Camtek Ltd. (NASDAQ:CAMT)

State of New Jersey Common Pension Fund D lessened its stake in shares of Camtek Ltd. (NASDAQ:CAMT) by 17.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,769 shares of the semiconductor company’s stock after selling 5,243 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Camtek were worth $1,978,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Camtek by 7.5% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 856,453 shares of the semiconductor company’s stock worth $68,388,000 after purchasing an additional 60,088 shares during the last quarter. Axxcess Wealth Management LLC increased its holdings in Camtek by 20.5% during the third quarter. Axxcess Wealth Management LLC now owns 14,854 shares of the semiconductor company’s stock worth $1,186,000 after buying an additional 2,525 shares during the last quarter. Lifestyle Asset Management Inc. acquired a new position in Camtek during the third quarter worth $253,000. Olympiad Research LP raised its position in Camtek by 136.9% during the third quarter. Olympiad Research LP now owns 7,504 shares of the semiconductor company’s stock worth $599,000 after acquiring an additional 4,337 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in shares of Camtek by 1.6% in the 3rd 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 period. 41.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CAMT. StockNews.com cut shares of Camtek from a “hold” rating to a “sell” rating in a report on Tuesday, November 12th. Northland Securities raised their price objective on Camtek from $99.00 to $102.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Northland Capmk upgraded Camtek from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. B. Riley dropped their price target on Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $95.00 price objective on shares of Camtek in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $110.57.

Camtek Stock Performance

Shares of NASDAQ CAMT opened at $74.07 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.28 and a quick ratio of 4.29. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 34.13, a P/E/G ratio of 1.39 and a beta of 1.38. The stock’s fifty day moving average price is $79.27 and its two-hundred day moving average price is $95.68. Camtek Ltd. has a one year low of $59.33 and a one year high of $140.50.

Camtek (NASDAQ:CAMT) last released its quarterly earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. Camtek had a net margin of 26.53% and a return on equity of 24.21%. The business had revenue of $112.30 million for the quarter, compared to analyst estimates of $108.51 million. During the same period last year, the firm earned $0.46 earnings per share. Camtek’s revenue for the quarter was up 39.5% compared to the same quarter last year. On average, equities analysts forecast that Camtek Ltd. will post 2.45 EPS for the current 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.