Camtek Ltd. $CAMT Shares Sold by UBS Group AG

UBS Group AG cut its holdings in shares of Camtek Ltd. (NASDAQ:CAMT) by 34.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 251,350 shares of the semiconductor company’s stock after selling 130,501 shares during the period. UBS Group AG’s holdings in Camtek were worth $26,730,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Wasatch Advisors LP boosted its position in shares of Camtek by 14.7% during the third quarter. Wasatch Advisors LP now owns 4,020,683 shares of the semiconductor company’s stock worth $422,373,000 after buying an additional 513,956 shares during the period. Menora Mivtachim Holdings LTD. boosted its position in shares of Camtek by 31.1% during the third quarter. Menora Mivtachim Holdings LTD. now owns 2,099,351 shares of the semiconductor company’s stock worth $220,537,000 after buying an additional 497,918 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Camtek by 12.0% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,318,396 shares of the semiconductor company’s stock worth $140,205,000 after buying an additional 140,796 shares during the period. Brown Capital Management LLC boosted its position in shares of Camtek by 1.2% during the third quarter. Brown Capital Management LLC now owns 1,153,943 shares of the semiconductor company’s stock worth $121,222,000 after buying an additional 13,806 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Camtek by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 1,086,242 shares of the semiconductor company’s stock worth $116,615,000 after buying an additional 7,220 shares during the period. 41.93% of the stock is currently owned by institutional investors and hedge funds.

Camtek Price Performance

NASDAQ CAMT opened at $205.54 on Monday. The business’s fifty day moving average is $171.11 and its two-hundred day moving average is $141.28. The company has a debt-to-equity ratio of 0.84, a quick ratio of 7.31 and a current ratio of 8.35. Camtek Ltd. has a 1 year low of $62.88 and a 1 year high of $210.20. The stock has a market capitalization of $9.42 billion, a P/E ratio of 218.66, a P/E/G ratio of 4.84 and a beta of 1.61.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings results on Wednesday, February 18th. The semiconductor company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.02). Camtek had a net margin of 10.23% and a return on equity of 23.61%. The company had revenue of $128.12 million for the quarter, compared to analysts’ expectations of $127.10 million. During the same quarter in the prior year, the firm earned $0.77 earnings per share. The company’s revenue was up 9.2% on a year-over-year basis. On average, research analysts forecast that Camtek Ltd. will post 3.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Northland Securities downgraded Camtek from an “outperform” rating to a “market perform” rating and set a $150.00 price objective for the company. in a research report on Wednesday, February 18th. Zacks Research upgraded Camtek from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Needham & Company LLC boosted their price objective on Camtek from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Wall Street Zen upgraded Camtek from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Finally, Oppenheimer boosted their target price on Camtek from $120.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, February 19th. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $166.75.

About Camtek

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.