Taylor Frigon Capital Management LLC Has $2.19 Million Holdings in Camtek Ltd. $CAMT

Taylor Frigon Capital Management LLC trimmed its position in shares of Camtek Ltd. (NASDAQ:CAMT) by 45.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,465 shares of the semiconductor company’s stock after selling 12,294 shares during the quarter. Camtek makes up about 1.3% of Taylor Frigon Capital Management LLC’s investment portfolio, making the stock its 26th biggest position. Taylor Frigon Capital Management LLC’s holdings in Camtek were worth $2,193,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CAMT. Wasatch Advisors LP boosted its holdings 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 acquiring an additional 513,956 shares in the last quarter. Menora Mivtachim Holdings LTD. grew its position in Camtek by 31.1% during the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 2,099,351 shares of the semiconductor company’s stock worth $220,537,000 after acquiring an additional 497,918 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Camtek by 56.9% during the 4th 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 purchasing an additional 604,097 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Camtek by 12.0% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,318,396 shares of the semiconductor company’s stock valued at $140,205,000 after purchasing an additional 140,796 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Camtek by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 1,086,242 shares of the semiconductor company’s stock valued at $116,615,000 after purchasing an additional 7,220 shares during the last quarter. Institutional investors own 41.93% of the company’s stock.

Camtek Trading Up 5.1%

Shares of CAMT opened at $140.05 on Thursday. The stock’s fifty day simple moving average is $172.79 and its 200-day simple moving average is $159.41. The firm has a market capitalization of $6.53 billion, a PE ratio of 160.98, a price-to-earnings-growth ratio of 3.20 and a beta of 1.55. Camtek Ltd. has a 12-month low of $75.75 and a 12-month 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.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings data on Tuesday, May 12th. The semiconductor company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. The firm 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 was up 2.6% on a year-over-year basis. During the same period last year, the company earned $0.79 earnings per share. As a group, research analysts predict that Camtek Ltd. will post 3.14 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CAMT shares. Stifel Nicolaus reissued a “hold” rating and issued a $185.00 price objective on shares of Camtek in a research note on Friday, April 17th. Needham & Company LLC lifted their price target on Camtek from $175.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. B. Riley Financial reiterated a “buy” rating on shares of Camtek in a research report on Monday, April 20th. Morgan Stanley raised their price objective on shares of Camtek from $163.00 to $167.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, Evercore reiterated an “outperform” rating and set a $200.00 target price on shares of Camtek in a research report on Wednesday, May 13th. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.67.

Camtek Company 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.