Wolverine Asset Management LLC Sells 9,500 Shares of Camtek Ltd. (NASDAQ:CAMT)

Wolverine Asset Management LLC reduced its position in shares of Camtek Ltd. (NASDAQ:CAMT) by 91.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 929 shares of the semiconductor company’s stock after selling 9,500 shares during the quarter. Wolverine Asset Management LLC’s holdings in Camtek were worth $64,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CAMT. BluePath Capital Management LLC bought a new stake in shares of Camtek in the third quarter worth about $31,000. Optimum Investment Advisors raised its holdings in shares of Camtek by 15.0% during the fourth quarter. Optimum Investment Advisors now owns 1,725 shares of the semiconductor company’s stock valued at $120,000 after acquiring an additional 225 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Camtek by 431.5% during the third quarter. PNC Financial Services Group Inc. now owns 1,940 shares of the semiconductor company’s stock valued at $121,000 after acquiring an additional 1,575 shares in the last quarter. C M Bidwell & Associates Ltd. lifted its stake in Camtek by 3,062.2% in the third quarter. C M Bidwell & Associates Ltd. now owns 2,846 shares of the semiconductor company’s stock worth $177,000 after acquiring an additional 2,756 shares during the period. Finally, WINTON GROUP Ltd bought a new stake in Camtek in the third quarter valued at $207,000. Institutional investors own 41.93% of the company’s stock.

Camtek Stock Performance

Camtek stock opened at $82.16 on Monday. Camtek Ltd. has a twelve month low of $25.38 and a twelve month high of $90.54. The company has a quick ratio of 4.77, a current ratio of 5.66 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $3.69 billion, a P/E ratio of 50.72, a PEG ratio of 2.82 and a beta of 1.41. The stock’s 50 day moving average is $80.49 and its 200 day moving average is $71.70.

Camtek (NASDAQ:CAMT) last released its earnings results on Tuesday, February 20th. The semiconductor company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.04. The firm had revenue of $88.70 million for the quarter, compared to analysts’ expectations of $88.02 million. Camtek had a return on equity of 18.92% and a net margin of 24.93%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.45 earnings per share. On average, equities research analysts predict that Camtek Ltd. will post 2.12 earnings per share for the current fiscal year.

Camtek Announces Dividend

The company also recently announced a Variable dividend, which was paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th were issued a $1.33 dividend. The ex-dividend date was Wednesday, April 3rd. Camtek’s dividend payout ratio (DPR) is presently 82.10%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. B. Riley reaffirmed a “buy” rating and issued a $102.00 target price on shares of Camtek in a research report on Tuesday, March 26th. Barclays lifted their price objective on Camtek from $82.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. Finally, Evercore ISI initiated coverage on Camtek in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $100.00 target price for the company. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.75.

About Camtek

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.