EFG Asset Management North America Corp. Buys Shares of 11,419 Camtek Ltd. (NASDAQ:CAMT)

EFG Asset Management North America Corp. purchased a new position in shares of Camtek Ltd. (NASDAQ:CAMT) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 11,419 shares of the semiconductor company’s stock, valued at approximately $1,431,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lord Abbett & CO. LLC purchased a new position in Camtek during the first quarter worth about $55,026,000. Zweig DiMenna Associates LLC purchased a new position in Camtek in the 1st quarter valued at approximately $13,964,000. Quadrature Capital Ltd acquired a new position in Camtek during the 4th quarter worth $10,704,000. Westfield Capital Management Co. LP increased its holdings in Camtek by 46.6% in the fourth 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. Finally, Axiom Investors LLC DE lifted its stake in Camtek by 288.5% during the fourth quarter. Axiom Investors LLC DE now owns 90,310 shares of the semiconductor company’s stock worth $6,266,000 after purchasing an additional 67,067 shares during the last quarter. Institutional investors and hedge funds own 41.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CAMT. Northland Securities upgraded shares of Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 price objective for the company in a research report on Monday, August 5th. Bank of America lifted their target price on shares of Camtek from $98.00 to $112.00 and gave the company a “buy” rating in a report on Wednesday, May 22nd. Barclays raised their price objective on shares of Camtek from $90.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, May 10th. B. Riley dropped their target price on Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Finally, Jefferies Financial Group started coverage on Camtek in a report on Monday, May 13th. They issued a “buy” rating and a $120.00 price target for the company. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $109.75.

Camtek Trading Down 6.4 %

NASDAQ CAMT traded down $6.30 during mid-day trading on Monday, reaching $91.67. 285,461 shares of the stock were exchanged, compared to its average volume of 523,943. The business’s fifty day simple moving average is $110.41 and its 200 day simple moving average is $95.67. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.08 and a current ratio of 3.66. The stock has a market capitalization of $4.12 billion, a PE ratio of 52.44, a PEG ratio of 1.98 and a beta of 1.41. Camtek Ltd. has a 1-year low of $48.50 and a 1-year high of $140.50.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. The business had revenue of $102.60 million for the quarter, compared to analysts’ expectations of $101.26 million. Camtek had a return on equity of 22.79% and a net margin of 25.93%. The business’s revenue was up 39.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.38 earnings per share. On average, research analysts anticipate that Camtek Ltd. will post 2.35 earnings per share for the current fiscal year.

About Camtek

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.