First Wilshire Securities Management Inc. Sells 276,465 Shares of Camtek LTD. (NASDAQ:CAMT)

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First Wilshire Securities Management Inc. lowered its stake in Camtek LTD. (NASDAQ:CAMT) by 71.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,725 shares of the semiconductor company’s stock after selling 276,465 shares during the quarter. First Wilshire Securities Management Inc.’s holdings in Camtek were worth $953,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC bought a new stake in shares of Camtek in the 2nd quarter valued at $114,000. State of New Jersey Common Pension Fund D increased its stake in shares of Camtek by 40.0% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 23,278 shares of the semiconductor company’s stock valued at $197,000 after acquiring an additional 6,654 shares in the last quarter. ETF Managers Group LLC increased its stake in shares of Camtek by 7.0% in the 2nd quarter. ETF Managers Group LLC now owns 36,437 shares of the semiconductor company’s stock valued at $307,000 after acquiring an additional 2,399 shares in the last quarter. Marshall Wace LLP increased its stake in shares of Camtek by 187.0% in the 1st quarter. Marshall Wace LLP now owns 41,706 shares of the semiconductor company’s stock valued at $372,000 after acquiring an additional 27,176 shares in the last quarter. Finally, GAM Holding AG bought a new stake in shares of Camtek in the 1st quarter valued at $390,000. Institutional investors own 28.12% of the company’s stock.

Shares of CAMT stock opened at $9.84 on Friday. The firm has a market capitalization of $364.71 million, a PE ratio of 16.10 and a beta of 1.57. The firm has a fifty day simple moving average of $9.13 and a two-hundred day simple moving average of $9.07. Camtek LTD. has a 12 month low of $6.29 and a 12 month high of $11.25.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings results on Tuesday, August 6th. The semiconductor company reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.02). The business had revenue of $34.35 million for the quarter, compared to the consensus estimate of $34.25 million. Camtek had a net margin of 18.00% and a return on equity of 21.06%. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.13 EPS. Research analysts anticipate that Camtek LTD. will post 0.58 EPS for the current year.

The company also recently disclosed an annual dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were issued a dividend of $0.17 per share. This represents a yield of 1.9%. This is an increase from Camtek’s previous annual dividend of $0.14. The ex-dividend date was Tuesday, August 20th. Camtek’s payout ratio is currently 32.69%.

CAMT has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Camtek from a “sell” rating to a “hold” rating in a research note on Monday, September 16th. BidaskClub upgraded shares of Camtek from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Northland Securities restated a “buy” rating and set a $16.00 price target on shares of Camtek in a research note on Friday, June 21st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $12.17.

Camtek Profile

Camtek Ltd. provides inspection and metrology solutions for the semiconductor industry in the Asia Pacific, North America, and Europe. The company provides solutions based on its advanced image processing, motion control, material handling, and optics related technologies. It designs, develops, manufactures, and markets automatic optical inspection (AOI) systems that optically inspect and measure various types of semiconductors wafers.

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Institutional Ownership by Quarter for Camtek (NASDAQ:CAMT)

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