Camtek Ltd. (NASDAQ:CAMT) Shares Sold by Axiom Investors LLC DE

Axiom Investors LLC DE trimmed its holdings in Camtek Ltd. (NASDAQ:CAMT) by 77.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 47,989 shares of the semiconductor company’s stock after selling 161,128 shares during the period. Axiom Investors LLC DE owned 0.11% of Camtek worth $3,876,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CAMT. Wellington Management Group LLP raised its stake in Camtek by 45.6% during the 4th quarter. Wellington Management Group LLP now owns 148,590 shares of the semiconductor company’s stock valued at $12,002,000 after acquiring an additional 46,512 shares during the last quarter. Norges Bank acquired a new position in shares of Camtek in the fourth quarter valued at approximately $4,551,000. EFG Asset Management North America Corp. raised its stake in shares of Camtek by 90.8% during the fourth quarter. EFG Asset Management North America Corp. now owns 43,944 shares of the semiconductor company’s stock worth $3,552,000 after purchasing an additional 20,914 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Camtek by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 983,986 shares of the semiconductor company’s stock worth $80,028,000 after purchasing an additional 14,702 shares during the period. Finally, Optimum Investment Advisors grew its position in Camtek by 43.3% in the 4th quarter. Optimum Investment Advisors now owns 2,150 shares of the semiconductor company’s stock valued at $174,000 after buying an additional 650 shares during the last quarter. Institutional investors and hedge funds own 41.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CAMT shares. Stifel Nicolaus restated a “buy” rating and set a $105.00 price objective on shares of Camtek in a research report on Thursday, December 12th. Needham & Company LLC reissued a “buy” rating and set a $110.00 price target on shares of Camtek in a report on Thursday, February 13th. StockNews.com cut Camtek from a “hold” rating to a “sell” rating in a research report on Saturday. Cantor Fitzgerald began coverage on Camtek in a research note on Monday, January 13th. They set a “neutral” rating and a $100.00 target price for the company. Finally, Jefferies Financial Group decreased their price target on Camtek from $120.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday. One analyst has rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $110.22.

Camtek Stock Performance

Shares of CAMT stock opened at $58.63 on Tuesday. The stock has a fifty day moving average price of $78.41 and a 200 day moving average price of $79.64. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.11 and a current ratio of 5.00. The stock has a market cap of $2.67 billion, a PE ratio of 24.23, a P/E/G ratio of 1.89 and a beta of 1.38. Camtek Ltd. has a 1 year low of $56.49 and a 1 year high of $140.50.

Camtek (NASDAQ:CAMT) last released its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.06). Camtek had a return on equity of 24.99% and a net margin of 27.61%. Sell-side analysts forecast that Camtek Ltd. will post 2.93 earnings per share for the current fiscal year.

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.