Camtek Ltd. $CAMT Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its stake in Camtek Ltd. (NASDAQ:CAMT) by 10.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,662 shares of the semiconductor company’s stock after selling 9,496 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.17% of Camtek worth $8,259,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC grew its position in shares of Camtek by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 39,576 shares of the semiconductor company’s stock valued at $4,209,000 after purchasing an additional 162 shares during the period. Cetera Investment Advisers boosted its position in Camtek by 4.7% during the second quarter. Cetera Investment Advisers now owns 4,841 shares of the semiconductor company’s stock worth $409,000 after acquiring an additional 217 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Camtek by 61.6% during the first quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 293 shares during the last quarter. Independent Advisor Alliance boosted its position in Camtek by 6.1% during the third quarter. Independent Advisor Alliance now owns 5,179 shares of the semiconductor company’s stock worth $544,000 after acquiring an additional 297 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in Camtek during the third quarter worth about $32,000. Institutional investors and hedge funds own 41.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CAMT. Jefferies Financial Group boosted their price target on shares of Camtek from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Stifel Nicolaus restated a “hold” rating and set a $185.00 price target on shares of Camtek in a research report on Friday, April 17th. Barclays boosted their price target on shares of Camtek from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Morgan Stanley boosted their price target on shares of Camtek from $161.00 to $163.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen upgraded shares of Camtek from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $174.33.

Camtek Price Performance

Camtek stock opened at $163.09 on Tuesday. The company’s 50 day simple moving average is $174.48 and its 200-day simple moving average is $147.48. The company has a market capitalization of $7.47 billion, a price-to-earnings ratio of 187.46, a price-to-earnings-growth ratio of 4.12 and a beta of 1.54. Camtek Ltd. has a 1 year low of $64.90 and a 1 year high of $215.99. The company has a debt-to-equity ratio of 0.71, a quick ratio of 7.46 and a current ratio of 8.35.

Camtek (NASDAQ:CAMT) last released its quarterly earnings results on Tuesday, May 12th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. The business had revenue of $121.66 million for the quarter, compared to the consensus estimate of $120.15 million. Camtek had a net margin of 9.63% and a return on equity of 22.26%. The business’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.79 EPS. As a group, equities research analysts expect that Camtek Ltd. will post 3.14 earnings per share for the current year.

Camtek Profile

Camtek Ltd. (NASDAQ: CAMT) is a provider of automated inspection and metrology solutions for the semiconductor and printed circuit board (PCB) industries. The company develops, manufactures and markets a suite of inline and stand-alone systems that perform high‐resolution 2D and 3D measurements, defect review and process control. Its products are used by integrated device manufacturers, foundries, OSAT (outsourced semiconductor assembly and test) providers, and PCB fabricators to optimize yield, improve product quality and reduce production costs.

Camtek’s core offerings include wafer inspection systems that detect and classify defects on patterned wafers, patterned wafer metrology tools for overlay and critical dimension measurements, and advanced packaging inspection platforms for 3D ICs and fan-out wafer-level packaging.