Camtek Ltd. $CAMT Shares Sold by First Wilshire Securities Management Inc.

First Wilshire Securities Management Inc. cut its holdings in shares of Camtek Ltd. (NASDAQ:CAMT) by 49.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 104,360 shares of the semiconductor company’s stock after selling 102,064 shares during the period. Camtek comprises approximately 2.8% of First Wilshire Securities Management Inc.’s investment portfolio, making the stock its 12th biggest holding. First Wilshire Securities Management Inc. owned approximately 0.23% of Camtek worth $11,098,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CAMT. Advisors Asset Management Inc. lifted 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 valued at $45,000 after purchasing an additional 293 shares during the period. Goldman Sachs Group Inc. lifted its position in Camtek by 12.1% during the first quarter. Goldman Sachs Group Inc. now owns 149,223 shares of the semiconductor company’s stock valued at $8,749,000 after purchasing an additional 16,117 shares during the period. Geode Capital Management LLC lifted its position in Camtek by 0.7% during the second quarter. Geode Capital Management LLC now owns 39,420 shares of the semiconductor company’s stock valued at $3,333,000 after purchasing an additional 279 shares during the period. Cetera Investment Advisers lifted 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 valued at $409,000 after purchasing an additional 217 shares during the period. Finally, Invesco Ltd. lifted its position in Camtek by 8.3% during the second quarter. Invesco Ltd. now owns 263,836 shares of the semiconductor company’s stock valued at $22,310,000 after purchasing an additional 20,237 shares during the period. 41.93% of the stock is currently owned by institutional investors and hedge funds.

Camtek Trading Up 10.5%

Shares of Camtek stock opened at $184.15 on Friday. The firm has a 50-day simple moving average of $176.52 and a two-hundred day simple moving average of $151.89. The company has a market cap of $8.44 billion, a P/E ratio of 211.67, a price-to-earnings-growth ratio of 4.00 and a beta of 1.54. Camtek Ltd. has a fifty-two week low of $70.07 and a fifty-two week 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 issued its quarterly earnings data on Tuesday, May 12th. The semiconductor company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. Camtek had a net margin of 9.63% and a return on equity of 22.26%. The business had revenue of $121.66 million during the quarter, compared to the consensus estimate of $120.15 million. During the same quarter in the prior year, the firm posted $0.79 earnings per share. The company’s revenue was up 2.6% compared to the same quarter last year. As a group, equities analysts predict that Camtek Ltd. will post 3.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CAMT shares. Needham & Company LLC upped their price objective on shares of Camtek from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $145.00 price objective on shares of Camtek in a research report on Wednesday, February 18th. Northland Securities set a $174.00 price objective on shares of Camtek in a research report on Wednesday, May 13th. B. Riley Financial reiterated a “buy” rating on shares of Camtek in a research report on Monday, April 20th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $185.00 price objective on shares of Camtek in a research report on Friday, April 17th. Seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Camtek presently has an average rating of “Moderate Buy” and an average price target of $174.33.

Camtek Company 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.