Camtek Ltd. (NASDAQ:CAMT) Stock Position Boosted by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd boosted its stake in Camtek Ltd. (NASDAQ:CAMT) by 4.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,600 shares of the semiconductor company’s stock after buying an additional 366 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Camtek were worth $775,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CAMT. Advisors Asset Management Inc. grew its position in Camtek by 78.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 145 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Camtek in the 3rd quarter valued at about $53,000. Sanctuary Advisors LLC bought a new position in Camtek in the 4th quarter valued at about $209,000. Prentiss Smith & Co. Inc. grew its position in Camtek by 10.8% in the 4th quarter. Prentiss Smith & Co. Inc. now owns 2,786 shares of the semiconductor company’s stock valued at $225,000 after buying an additional 272 shares in the last quarter. Finally, Stifel Financial Corp grew its position in Camtek by 77.3% in the 3rd quarter. Stifel Financial Corp now owns 3,151 shares of the semiconductor company’s stock valued at $252,000 after buying an additional 1,374 shares in the last quarter. Institutional investors own 41.93% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on CAMT. Northland Securities boosted their target price on shares of Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. StockNews.com upgraded shares of Camtek from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Barclays dropped their target price on shares of Camtek from $140.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Cantor Fitzgerald began coverage on shares of Camtek in a report on Monday, January 13th. They issued a “neutral” rating and a $100.00 target price on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $110.00 target price on shares of Camtek in a report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $114.11.

Camtek Stock Performance

Camtek stock opened at $74.52 on Friday. The firm’s 50 day simple moving average is $88.08 and its 200-day simple moving average is $83.47. The company has a market cap of $3.38 billion, a P/E ratio of 30.79, a price-to-earnings-growth ratio of 1.89 and a beta of 1.34. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.00 and a quick ratio of 4.11. Camtek Ltd. has a fifty-two week low of $69.83 and a fifty-two week high of $140.50.

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

Camtek Company 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.