Royce & Associates LP Increases Stock Position in Camtek Ltd. $CAMT

Royce & Associates LP increased its position in shares of Camtek Ltd. (NASDAQ:CAMT) by 5.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 186,790 shares of the semiconductor company’s stock after buying an additional 9,656 shares during the period. Royce & Associates LP’s holdings in Camtek were worth $19,864,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new stake in Camtek during the third quarter worth $32,000. Advisors Asset Management Inc. grew its stake in Camtek by 61.6% in the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock valued at $45,000 after acquiring an additional 293 shares during the period. Global Retirement Partners LLC acquired a new stake in Camtek in the 4th quarter valued at $52,000. Rothschild Investment LLC acquired a new stake in Camtek in the 3rd quarter valued at $54,000. Finally, Aventura Private Wealth LLC acquired a new stake in Camtek in the 4th quarter valued at $108,000. 41.93% of the stock is owned by hedge funds and other institutional investors.

Camtek Trading Up 4.4%

Shares of CAMT opened at $174.73 on Wednesday. Camtek Ltd. has a 52-week low of $64.90 and a 52-week high of $215.99. The company has a quick ratio of 7.46, a current ratio of 8.35 and a debt-to-equity ratio of 0.71. The firm’s fifty day moving average is $173.93 and its two-hundred day moving average is $145.90. The stock has a market cap of $8.01 billion, a PE ratio of 200.84, a price-to-earnings-growth ratio of 4.03 and a beta of 1.61.

Camtek (NASDAQ:CAMT) last announced its earnings results on Tuesday, May 12th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.01. Camtek had a net margin of 9.63% and a return on equity of 22.26%. The company had revenue of $121.66 million for the quarter, compared to analysts’ expectations of $120.15 million. During the same quarter in the previous year, the company posted $0.79 EPS. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. Research analysts forecast that Camtek Ltd. will post 3.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on CAMT shares. Weiss Ratings raised shares of Camtek from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 14th. Jefferies Financial Group lifted their price target on shares of Camtek from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Northland Securities set a $174.00 price target on shares of Camtek in a research note on Wednesday, May 13th. The Goldman Sachs Group reissued a “neutral” rating and issued a $145.00 price target on shares of Camtek in a research note on Wednesday, February 18th. Finally, Zacks Research raised shares of Camtek from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.33.

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.