Balyasny Asset Management L.P. Makes New Investment in Camtek Ltd. (NASDAQ:CAMT)

Balyasny Asset Management L.P. bought a new stake in shares of Camtek Ltd. (NASDAQ:CAMT) in the fourth quarter, Holdings Channel reports. The fund bought 79,973 shares of the semiconductor company’s stock, valued at approximately $6,459,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CAMT. Wilmington Savings Fund Society FSB purchased a new position in Camtek in the third quarter valued at approximately $53,000. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Camtek by 9.3% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 963,874 shares of the semiconductor company’s stock valued at $77,852,000 after buying an additional 81,709 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Camtek by 24.0% during the 4th quarter. Blue Trust Inc. now owns 4,986 shares of the semiconductor company’s stock worth $398,000 after acquiring an additional 966 shares during the period. Prentiss Smith & Co. Inc. increased its holdings in Camtek by 10.8% in the 4th quarter. Prentiss Smith & Co. Inc. now owns 2,786 shares of the semiconductor company’s stock worth $225,000 after acquiring an additional 272 shares during the last quarter. Finally, abrdn plc raised its stake in Camtek by 25.6% in the 4th quarter. abrdn plc now owns 179,046 shares of the semiconductor company’s stock valued at $14,706,000 after acquiring an additional 36,447 shares during the period. 41.93% of the stock is owned by institutional investors.

Camtek Price Performance

Shares of NASDAQ CAMT opened at $66.57 on Friday. The stock’s 50-day simple moving average is $62.93 and its two-hundred day simple moving average is $75.77. Camtek Ltd. has a twelve month low of $47.41 and a twelve month high of $140.50. The firm has a market capitalization of $3.04 billion, a P/E ratio of 27.51, a P/E/G ratio of 1.89 and a beta of 1.36. The company has a quick ratio of 4.11, a current ratio of 5.00 and a debt-to-equity ratio of 0.36.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings data on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.06). Camtek had a return on equity of 24.99% and a net margin of 27.61%. As a group, equities analysts anticipate that Camtek Ltd. will post 2.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CAMT has been the subject of several recent research reports. StockNews.com upgraded shares of Camtek from a “sell” rating to a “hold” rating in a research note on Wednesday, April 23rd. Jefferies Financial Group reduced their price objective on shares of Camtek from $120.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Bank of America dropped their target price on Camtek from $105.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Needham & Company LLC reiterated a “buy” rating and issued a $110.00 price target on shares of Camtek in a research report on Thursday, February 13th. Finally, Barclays dropped their price objective on Camtek from $120.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Camtek presently has an average rating of “Moderate Buy” and a consensus target price of $103.13.

Camtek Profile

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.