Camtek Ltd. (NASDAQ:CAMT) Shares Sold by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC trimmed its position in shares of Camtek Ltd. (NASDAQ:CAMT) by 37.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 430,430 shares of the semiconductor company’s stock after selling 257,076 shares during the quarter. Lord Abbett & CO. LLC owned 0.95% of Camtek worth $34,370,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in shares of Camtek by 4.1% during the 2nd quarter. Blue Trust Inc. now owns 2,721 shares of the semiconductor company’s stock worth $341,000 after buying an additional 108 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in Camtek by 78.8% during the third quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 145 shares during the period. Van ECK Associates Corp raised its position in Camtek by 1.6% in the third quarter. Van ECK Associates Corp now owns 9,561 shares of the semiconductor company’s stock worth $755,000 after acquiring an additional 148 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Camtek by 23,300.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company’s stock valued at $59,000 after acquiring an additional 466 shares during the period. Finally, Axxcess Wealth Management LLC boosted its position in shares of Camtek by 5.0% during the 2nd quarter. Axxcess Wealth Management LLC now owns 12,329 shares of the semiconductor company’s stock worth $1,544,000 after purchasing an additional 586 shares in the last quarter. 41.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CAMT shares. Stifel Nicolaus reiterated a “buy” rating and issued a $105.00 price target on shares of Camtek in a report on Thursday. Needham & Company LLC reiterated a “buy” rating and set a $95.00 price target on shares of Camtek in a research report on Wednesday, November 13th. StockNews.com upgraded Camtek from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Northland Securities boosted their target price on Camtek from $99.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $109.88.

Camtek Stock Performance

Camtek stock opened at $74.87 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.36 and a current ratio of 5.28. Camtek Ltd. has a fifty-two week low of $60.90 and a fifty-two week high of $140.50. The stock has a fifty day moving average of $77.80 and a two-hundred day moving average of $92.74. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 34.50, a PEG ratio of 1.36 and a beta of 1.34.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings data on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. Camtek had a return on equity of 24.21% and a net margin of 26.53%. The firm had revenue of $112.30 million during the quarter, compared to analysts’ expectations of $108.51 million. During the same quarter last year, the business posted $0.46 EPS. The firm’s quarterly revenue was up 39.5% compared to the same quarter last year. On average, analysts anticipate that Camtek Ltd. will post 2.53 EPS for the current fiscal year.

Camtek 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.