Virtu Financial LLC Boosts Holdings in Camtek Ltd. $CAMT

Virtu Financial LLC boosted its holdings in shares of Camtek Ltd. (NASDAQ:CAMT) by 139.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,566 shares of the semiconductor company’s stock after acquiring an additional 3,243 shares during the period. Virtu Financial LLC’s holdings in Camtek were worth $592,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Voloridge Investment Management LLC purchased a new position in shares of Camtek during the 4th quarter worth approximately $603,000. Sphera Funds Management LTD. lifted its stake in Camtek by 36.0% in the 4th quarter. Sphera Funds Management LTD. now owns 39,498 shares of the semiconductor company’s stock valued at $4,200,000 after buying an additional 10,450 shares in the last quarter. Engineers Gate Manager LP lifted its stake in Camtek by 220.9% in the 4th quarter. Engineers Gate Manager LP now owns 6,454 shares of the semiconductor company’s stock valued at $686,000 after buying an additional 4,443 shares in the last quarter. Boothbay Fund Management LLC grew its holdings in Camtek by 126.1% during the 4th quarter. Boothbay Fund Management LLC now owns 11,852 shares of the semiconductor company’s stock valued at $1,260,000 after buying an additional 6,611 shares during the last quarter. Finally, Altshuler Shaham Ltd increased its position in Camtek by 33.4% during the fourth quarter. Altshuler Shaham Ltd now owns 8,472 shares of the semiconductor company’s stock worth $910,000 after buying an additional 2,119 shares in the last quarter. 41.93% of the stock is currently owned by institutional investors and hedge funds.

Camtek Stock Performance

NASDAQ CAMT opened at $195.72 on Tuesday. The business’s 50-day moving average price is $180.47 and its 200 day moving average price is $156.12. Camtek Ltd. has a twelve month low of $73.06 and a twelve month high of $215.99. The company has a market capitalization of $8.97 billion, a PE ratio of 224.97, a price-to-earnings-growth ratio of 4.69 and a beta of 1.54. The company has a current ratio of 8.35, a quick ratio of 7.46 and a debt-to-equity ratio of 0.71.

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Barclays boosted their price target on Camtek from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Jefferies Financial Group boosted their target price on shares of Camtek from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. B. Riley Financial reaffirmed a “buy” rating on shares of Camtek in a research note on Monday, April 20th. Weiss Ratings raised shares of Camtek from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 14th. 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 target price 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.