Wasatch Advisors LP Has $96.34 Million Stock Holdings in Camtek Ltd. (NASDAQ:CAMT)

Wasatch Advisors LP boosted its stake in Camtek Ltd. (NASDAQ:CAMT) by 311.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,192,784 shares of the semiconductor company’s stock after acquiring an additional 903,126 shares during the quarter. Wasatch Advisors LP’s holdings in Camtek were worth $96,341,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CAMT. Jones Financial Companies Lllp boosted its holdings in Camtek by 364.0% in the fourth quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 324 shares in the last quarter. Huntington National Bank boosted its holdings in Camtek by 42.4% during the fourth quarter. Huntington National Bank now owns 413 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 123 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Camtek in the third quarter valued at about $53,000. Optimum Investment Advisors increased its stake in shares of Camtek by 43.3% in the fourth quarter. Optimum Investment Advisors now owns 2,150 shares of the semiconductor company’s stock worth $174,000 after purchasing an additional 650 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in Camtek during the 4th quarter valued at approximately $209,000. 41.93% of the stock is owned by institutional investors and hedge funds.

Camtek Stock Performance

Shares of NASDAQ:CAMT opened at $60.33 on Wednesday. Camtek Ltd. has a twelve month low of $47.41 and a twelve month high of $140.50. The business has a fifty day moving average of $68.79 and a 200-day moving average of $77.80. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.11 and a current ratio of 5.00. The firm has a market cap of $2.75 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 1.89 and a beta of 1.42.

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

Analyst Ratings Changes

A number of brokerages have recently commented on CAMT. Northland Securities upped their price target on Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Jefferies Financial Group decreased their price target on shares of Camtek from $120.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. StockNews.com downgraded Camtek from a “hold” rating to a “sell” rating in a research report on Monday. Barclays reduced their target price on Camtek from $140.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Finally, Cantor Fitzgerald started coverage on shares of Camtek in a research report on Monday, January 13th. They set a “neutral” rating and a $100.00 target price on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $110.22.

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.