Lazard Asset Management LLC Sells 4,827 Shares of Camtek Ltd. (NASDAQ:CAMT)

Lazard Asset Management LLC trimmed its holdings in Camtek Ltd. (NASDAQ:CAMT) by 7.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 64,607 shares of the semiconductor company’s stock after selling 4,827 shares during the period. Lazard Asset Management LLC owned about 0.14% of Camtek worth $5,412,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Lord Abbett & CO. LLC bought a new position in Camtek in the 1st quarter valued at about $55,026,000. Zweig DiMenna Associates LLC bought a new position in shares of Camtek in the first quarter valued at approximately $13,964,000. Quadrature Capital Ltd purchased a new position in shares of Camtek during the fourth quarter valued at approximately $10,704,000. LA Financiere DE L Echiquier grew its holdings in Camtek by 117.8% during the fourth quarter. LA Financiere DE L Echiquier now owns 261,400 shares of the semiconductor company’s stock worth $18,136,000 after buying an additional 141,400 shares in the last quarter. Finally, Westfield Capital Management Co. LP raised its position in Camtek by 46.6% in the 4th quarter. Westfield Capital Management Co. LP now owns 284,845 shares of the semiconductor company’s stock valued at $19,763,000 after buying an additional 90,608 shares during the last quarter. 41.93% of the stock is owned by institutional investors.

Camtek Price Performance

Shares of NASDAQ CAMT opened at $106.58 on Monday. The stock’s 50-day simple moving average is $115.50 and its two-hundred day simple moving average is $93.28. Camtek Ltd. has a twelve month low of $44.08 and a twelve month high of $140.50. The firm has a market capitalization of $4.79 billion, a P/E ratio of 57.05, a P/E/G ratio of 2.17 and a beta of 1.41. The company has a quick ratio of 3.08, a current ratio of 3.66 and a debt-to-equity ratio of 0.44.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings data on Thursday, May 9th. The semiconductor company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.07. Camtek had a net margin of 25.35% and a return on equity of 20.94%. The company had revenue of $97.01 million for the quarter, compared to analysts’ expectations of $93.75 million. As a group, equities analysts anticipate that Camtek Ltd. will post 2.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CAMT. Barclays lifted their price objective on shares of Camtek from $90.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, May 10th. Needham & Company LLC upped their price objective on shares of Camtek from $106.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, June 7th. Northland Capmk lowered shares of Camtek from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 16th. Evercore ISI began coverage on Camtek in a report on Tuesday, April 16th. They issued an “outperform” rating and a $100.00 price objective for the company. Finally, Bank of America lifted their price target on Camtek from $98.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday, May 22nd. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $103.63.

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.