Camtek Ltd. (CAMT) Shares Bought by Algert Global LLC
Algert Global LLC increased its position in shares of Camtek Ltd. (NASDAQ:CAMT) by 236.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 464,971 shares of the semiconductor company’s stock after buying an additional 326,899 shares during the period. Algert Global LLC owned about 1.32% of Camtek worth $2,246,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Renaissance Technologies LLC boosted its stake in shares of Camtek by 10.5% in the first quarter. Renaissance Technologies LLC now owns 1,016,600 shares of the semiconductor company’s stock worth $3,873,000 after buying an additional 96,670 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Camtek by 172.2% in the second quarter. Acadian Asset Management LLC now owns 341,294 shares of the semiconductor company’s stock worth $1,647,000 after buying an additional 215,925 shares during the last quarter. Endurance Wealth Management Inc. purchased a new stake in shares of Camtek during the second quarter worth $150,000. Finally, TFS Capital LLC purchased a new stake in shares of Camtek during the first quarter worth $118,000. 18.25% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Camtek Ltd. (NASDAQ CAMT) opened at 4.91 on Tuesday. The company has a market cap of $173.56 million, a price-to-earnings ratio of 22.42 and a beta of 0.90. Camtek Ltd. has a one year low of $2.38 and a one year high of $7.96. The firm has a 50-day moving average of $5.36 and a 200 day moving average of $4.46.
Camtek (NASDAQ:CAMT) last posted its earnings results on Thursday, August 3rd. The semiconductor company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.01. Camtek had a return on equity of 15.32% and a net margin of 2.56%. The company had revenue of $22.68 million during the quarter, compared to the consensus estimate of $33.50 million. Equities research analysts anticipate that Camtek Ltd. will post $0.39 EPS for the current year.
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CAMT has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Camtek from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a research note on Wednesday, May 10th. Needham & Company LLC lowered shares of Camtek from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. ValuEngine raised shares of Camtek from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. B. Riley reaffirmed a “buy” rating and set a $6.00 target price on shares of Camtek in a research report on Saturday, May 13th. Finally, TheStreet lowered shares of Camtek from a “b” rating to a “c” rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $6.00.
Camtek Ltd. provides automated and technological solutions for production processes and products yield, enabling and supporting customers’ technologies in the semiconductor fabrication and printed circuit board (PCB) industries. The Company designs, develops, manufactures and markets products mainly based on two core technologies: automated optical inspection (AOI) and functional ink technology (FIT).
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