First Wilshire Securities Management Inc. Has $24.36 Million Holdings in Camtek Ltd. $CAMT

First Wilshire Securities Management Inc. increased its stake in shares of Camtek Ltd. (NASDAQ:CAMT) by 47.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 288,022 shares of the semiconductor company’s stock after buying an additional 93,220 shares during the quarter. Camtek comprises approximately 6.6% of First Wilshire Securities Management Inc.’s investment portfolio, making the stock its 3rd biggest position. First Wilshire Securities Management Inc. owned about 0.63% of Camtek worth $24,355,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CAMT. Caitong International Asset Management Co. Ltd bought a new stake in shares of Camtek during the 1st quarter valued at $31,000. Advisors Asset Management Inc. increased its position in shares of Camtek by 61.6% in the first quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 293 shares during the period. Optimum Investment Advisors raised its stake in Camtek by 60.0% in the second quarter. Optimum Investment Advisors now owns 1,200 shares of the semiconductor company’s stock valued at $101,000 after purchasing an additional 450 shares in the last quarter. Lido Advisors LLC bought a new stake in Camtek during the second quarter worth about $306,000. Finally, Petrus Trust Company LTA grew its stake in Camtek by 12.9% during the first quarter. Petrus Trust Company LTA now owns 3,706 shares of the semiconductor company’s stock worth $217,000 after buying an additional 422 shares in the last quarter. Institutional investors own 41.93% of the company’s stock.

Camtek Stock Performance

Shares of Camtek stock opened at $117.07 on Monday. The company’s 50 day moving average price is $112.55 and its two-hundred day moving average price is $94.22. The firm has a market capitalization of $5.34 billion, a P/E ratio of 130.08, a P/E/G ratio of 2.95 and a beta of 1.57. Camtek Ltd. has a fifty-two week low of $47.41 and a fifty-two week high of $129.41. The company has a debt-to-equity ratio of 0.90, a current ratio of 7.58 and a quick ratio of 6.52.

Analysts Set New Price Targets

Several equities analysts have recently commented on CAMT shares. Morgan Stanley initiated coverage on shares of Camtek in a research report on Monday, December 1st. They issued an “equal weight” rating and a $110.00 target price for the company. Bank of America raised shares of Camtek from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $95.00 to $135.00 in a research note on Monday, October 13th. Zacks Research upgraded shares of Camtek to a “hold” rating in a research report on Monday, August 11th. B. Riley raised their target price on Camtek from $120.00 to $145.00 and gave the company a “buy” rating in a report on Friday, October 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Camtek in a research note on Wednesday, October 8th. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Camtek presently has a consensus rating of “Moderate Buy” and an average price target of $116.18.

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.