Cim LLC Buys Shares of 6,054 Camtek Ltd. $CAMT

Cim LLC bought a new position in Camtek Ltd. (NASDAQ:CAMT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,054 shares of the semiconductor company’s stock, valued at approximately $512,000.

Several other institutional investors have also made changes to their positions in the company. Castleark Management LLC grew its stake in shares of Camtek by 28.7% in the 2nd quarter. Castleark Management LLC now owns 20,950 shares of the semiconductor company’s stock valued at $1,772,000 after buying an additional 4,670 shares in the last quarter. Rexford Capital Inc. acquired a new stake in Camtek in the second quarter valued at approximately $464,000. Vident Advisory LLC grew its position in Camtek by 39.0% in the second quarter. Vident Advisory LLC now owns 10,117 shares of the semiconductor company’s stock worth $855,000 after acquiring an additional 2,836 shares in the last quarter. Wasatch Advisors LP grew its position in Camtek by 18.6% in the second quarter. Wasatch Advisors LP now owns 3,506,727 shares of the semiconductor company’s stock worth $296,529,000 after acquiring an additional 550,072 shares in the last quarter. Finally, Ameriprise Financial Inc. acquired a new position in shares of Camtek during the 2nd quarter worth $1,795,000. 41.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CAMT has been the subject of several analyst reports. Northland Securities set a $140.00 price objective on shares of Camtek in a research note on Tuesday, October 7th. Bank of America upgraded Camtek from a “neutral” rating to a “buy” rating and raised their target price for the company from $95.00 to $135.00 in a report on Monday, October 13th. Barclays upped their price target on Camtek from $85.00 to $120.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 11th. Evercore ISI raised their price objective on Camtek from $100.00 to $130.00 and gave the company an “outperform” rating in a research note on Tuesday, November 11th. Finally, Stifel Nicolaus upped their target price on Camtek from $98.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $116.18.

Camtek Trading Down 5.3%

Camtek stock opened at $111.95 on Friday. Camtek Ltd. has a 52 week low of $47.41 and a 52 week high of $129.41. The company has a debt-to-equity ratio of 0.90, a quick ratio of 6.52 and a current ratio of 7.58. The firm has a market capitalization of $5.10 billion, a PE ratio of 124.39, a PEG ratio of 2.82 and a beta of 1.57. The business’s 50-day simple moving average is $113.27 and its 200-day simple moving average is $95.86.

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.