New York State Common Retirement Fund Increases Stock Holdings in Camtek Ltd. $CAMT

New York State Common Retirement Fund lifted its stake in shares of Camtek Ltd. (NASDAQ:CAMT) by 42.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 127,322 shares of the semiconductor company’s stock after purchasing an additional 38,181 shares during the quarter. New York State Common Retirement Fund’s holdings in Camtek were worth $10,766,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Camtek by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 1,002,302 shares of the semiconductor company’s stock valued at $58,715,000 after buying an additional 18,316 shares during the last quarter. Cynosure Group LLC lifted its stake in shares of Camtek by 44.6% in the 1st quarter. Cynosure Group LLC now owns 5,864 shares of the semiconductor company’s stock worth $344,000 after acquiring an additional 1,808 shares during the period. Nuveen LLC purchased a new stake in shares of Camtek in the first quarter valued at about $3,366,000. Eagle Global Advisors LLC boosted its holdings in shares of Camtek by 29.2% in the first quarter. Eagle Global Advisors LLC now owns 31,400 shares of the semiconductor company’s stock valued at $1,841,000 after acquiring an additional 7,100 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Camtek by 27.8% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,134,671 shares of the semiconductor company’s stock worth $123,622,000 after acquiring an additional 464,671 shares during the period. 41.93% of the stock is owned by institutional investors and hedge funds.

Camtek Price Performance

CAMT stock opened at $118.41 on Friday. The firm has a 50 day moving average of $112.30 and a 200-day moving average of $93.46. Camtek Ltd. has a 12-month low of $47.41 and a 12-month high of $129.41. The company has a current ratio of 7.58, a quick ratio of 6.52 and a debt-to-equity ratio of 0.90. The company has a market cap of $5.40 billion, a price-to-earnings ratio of 131.57, a PEG ratio of 2.95 and a beta of 1.57.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Morgan Stanley assumed coverage on shares of Camtek in a research report on Monday. They issued an “equal weight” rating and a $110.00 price objective for the company. B. Riley increased their target price on Camtek from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Northland Securities set a $140.00 price target on Camtek in a report on Tuesday, October 7th. Zacks Research upgraded Camtek to a “hold” rating in a research note on Monday, August 11th. Finally, Stifel Nicolaus upped their price objective on Camtek from $98.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $116.18.

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.