Sei Investments Co. Sells 18,540 Shares of Camtek Ltd. $CAMT

Sei Investments Co. trimmed its holdings in shares of Camtek Ltd. (NASDAQ:CAMT) by 13.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 121,448 shares of the semiconductor company’s stock after selling 18,540 shares during the period. Sei Investments Co.’s holdings in Camtek were worth $18,413,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CAMT. Raiffeisen Bank International AG raised its holdings in Camtek by 26.3% during the fourth quarter. Raiffeisen Bank International AG now owns 120,000 shares of the semiconductor company’s stock worth $13,032,000 after acquiring an additional 25,000 shares in the last quarter. Vanguard Group Inc. grew its stake in Camtek by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 1,086,242 shares of the semiconductor company’s stock valued at $116,615,000 after purchasing an additional 7,220 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Camtek by 42.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 51,694 shares of the semiconductor company’s stock worth $5,430,000 after purchasing an additional 15,490 shares during the last quarter. Ariose Capital Management Ltd acquired a new position in shares of Camtek during the 4th quarter worth approximately $3,903,000. Finally, Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management increased its position in shares of Camtek by 35.6% during the 4th quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management now owns 42,031 shares of the semiconductor company’s stock worth $4,470,000 after purchasing an additional 11,031 shares during the last quarter. Institutional investors own 41.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CAMT shares. Stifel Nicolaus reissued a “hold” rating and issued a $185.00 price objective on shares of Camtek in a report on Friday, April 17th. Needham & Company LLC boosted their target price on shares of Camtek from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Northland Securities set a $174.00 price target on shares of Camtek in a research report on Wednesday, May 13th. Morgan Stanley increased their price target on shares of Camtek from $163.00 to $167.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. Finally, B. Riley Financial reissued a “buy” rating on shares of Camtek in a research report on Monday, April 20th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Camtek presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.67.

Camtek Trading Down 9.3%

CAMT stock opened at $126.97 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 8.35 and a quick ratio of 7.46. The company has a fifty day moving average price of $162.45 and a two-hundred day moving average price of $162.80. Camtek Ltd. has a one year low of $75.75 and a one year high of $215.99. The stock has a market cap of $5.92 billion, a price-to-earnings ratio of 145.94, a price-to-earnings-growth ratio of 3.36 and a beta of 1.55.

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, beating the consensus estimate of $0.69 by $0.01. The company had revenue of $121.66 million for the quarter, compared to analyst estimates of $120.15 million. Camtek had a net margin of 9.63% and a return on equity of 22.26%. The company’s revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.79 earnings per share. Equities analysts anticipate that Camtek Ltd. will post 3.14 EPS for the current year.

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.