Needham Investment Management LLC Has $8.03 Million Stock Holdings in Camtek Ltd. $CAMT

Needham Investment Management LLC cut its position in shares of Camtek Ltd. (NASDAQ:CAMT) by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,500 shares of the semiconductor company’s stock after selling 3,400 shares during the quarter. Needham Investment Management LLC’s holdings in Camtek were worth $8,029,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CAMT. Harel Insurance Investments & Financial Services Ltd. grew its position in Camtek by 56.9% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,665,236 shares of the semiconductor company’s stock worth $177,090,000 after buying an additional 604,097 shares in the last quarter. Wasatch Advisors LP grew its position in Camtek by 18.6% during the second quarter. Wasatch Advisors LP now owns 3,506,727 shares of the semiconductor company’s stock worth $296,529,000 after buying an additional 550,072 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Camtek during the fourth quarter worth about $57,772,000. Menora Mivtachim Holdings LTD. grew its position in 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 in the last quarter. Finally, Millennium Management LLC grew its position in Camtek by 169.8% during the third quarter. Millennium Management LLC now owns 479,053 shares of the semiconductor company’s stock worth $50,325,000 after buying an additional 301,484 shares in the last quarter. 41.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Barclays lifted their target price on Camtek from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Jefferies Financial Group lifted their target price on Camtek from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Wall Street Zen raised Camtek from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Morgan Stanley lifted their target price on Camtek from $161.00 to $163.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 13th. Finally, B. Riley Financial reissued a “buy” rating on shares of Camtek in a research report on Monday, April 20th. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $174.33.

Camtek Stock Up 2.3%

Shares of CAMT opened at $197.75 on Tuesday. The stock has a market cap of $9.06 billion, a price-to-earnings ratio of 227.30, a P/E/G ratio of 4.64 and a beta of 1.54. The company has a quick ratio of 7.46, a current ratio of 8.35 and a debt-to-equity ratio of 0.71. Camtek Ltd. has a 12 month low of $72.54 and a 12 month high of $215.99. The company has a 50-day moving average price of $178.02 and a two-hundred day moving average price of $153.20.

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