Thrivent Financial for Lutherans Acquires 1,797 Shares of Camtek Ltd. (NASDAQ:CAMT)

Thrivent Financial for Lutherans lifted its holdings in Camtek Ltd. (NASDAQ:CAMT) by 11.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,905 shares of the semiconductor company’s stock after buying an additional 1,797 shares during the period. Thrivent Financial for Lutherans’ holdings in Camtek were worth $2,117,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Headlands Technologies LLC bought a new stake in Camtek during the first quarter worth approximately $50,000. Russell Investments Group Ltd. boosted its holdings in shares of Camtek by 524.6% in the 1st quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock worth $123,000 after purchasing an additional 1,238 shares during the period. Central Asset Investments & Management Holdings HK Ltd bought a new position in shares of Camtek during the 2nd quarter valued at approximately $250,000. PNC Financial Services Group Inc. raised its holdings in Camtek by 17.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the semiconductor company’s stock valued at $158,000 after buying an additional 340 shares during the period. Finally, Blue Trust Inc. lifted its position in Camtek by 4.1% in the second quarter. Blue Trust Inc. now owns 2,721 shares of the semiconductor company’s stock worth $341,000 after buying an additional 108 shares during the last quarter. 41.93% of the stock is currently owned by hedge funds and other institutional investors.

Camtek Stock Performance

Camtek stock opened at $76.67 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 4.29 and a current ratio of 5.21. The company has a market capitalization of $3.44 billion, a PE ratio of 43.31, a P/E/G ratio of 1.43 and a beta of 1.39. The company has a 50 day moving average price of $88.75 and a 200-day moving average price of $95.87. Camtek Ltd. has a fifty-two week low of $48.50 and a fifty-two week high of $140.50.

Camtek (NASDAQ:CAMT) last issued its earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. Camtek had a return on equity of 22.57% and a net margin of 25.93%. The business had revenue of $102.60 million during the quarter, compared to analyst estimates of $101.26 million. During the same period in the previous year, the company posted $0.38 EPS. Camtek’s revenue was up 39.4% on a year-over-year basis. As a group, equities analysts forecast that Camtek Ltd. will post 2.45 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CAMT shares. Needham & Company LLC reissued a “buy” rating and issued a $140.00 target price on shares of Camtek in a research note on Friday, August 2nd. Northland Securities raised shares of Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 price objective on the stock in a research report on Monday, August 5th. Northland Capmk upgraded Camtek from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. Finally, B. Riley reduced their price target on Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $116.57.

Camtek Company Profile

Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for semiconductor industry. The company provides Eagle-i, a system that delivers 2D inspection and metrology capabilities; Eagle-AP, which addresses the advanced packaging market using software and hardware technologies that deliver superior 2D and 3D inspection and metrology capabilities on the same platform; and Golden Eagle, a panel inspection and metrology system to address the challenges fanout wafer level packaging applications.