Camtek Ltd. $CAMT Position Lowered by Renaissance Group LLC

Renaissance Group LLC trimmed its position in Camtek Ltd. (NASDAQ:CAMT) by 43.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,641 shares of the semiconductor company’s stock after selling 5,986 shares during the period. Renaissance Group LLC’s holdings in Camtek were worth $803,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisors Asset Management Inc. grew its position in shares of Camtek by 61.6% in the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 293 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Camtek by 12.1% in the first quarter. Goldman Sachs Group Inc. now owns 149,223 shares of the semiconductor company’s stock worth $8,749,000 after purchasing an additional 16,117 shares during the period. Blue Trust Inc. boosted its holdings in Camtek by 34.9% in the second quarter. Blue Trust Inc. now owns 5,716 shares of the semiconductor company’s stock worth $483,000 after purchasing an additional 1,479 shares during the period. Aberdeen Group plc increased its stake in Camtek by 12.0% during the second quarter. Aberdeen Group plc now owns 217,189 shares of the semiconductor company’s stock valued at $18,463,000 after purchasing an additional 23,218 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in shares of Camtek by 58.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 8,273 shares of the semiconductor company’s stock worth $700,000 after purchasing an additional 3,061 shares during the period. Institutional investors and hedge funds own 41.93% of the company’s stock.

Camtek Trading Up 5.6%

NASDAQ:CAMT opened at $149.02 on Friday. The stock has a market cap of $6.79 billion, a price-to-earnings ratio of 165.58, a PEG ratio of 3.21 and a beta of 1.57. The company has a debt-to-equity ratio of 0.90, a quick ratio of 6.52 and a current ratio of 7.58. Camtek Ltd. has a 1 year low of $47.41 and a 1 year high of $155.79. The business has a fifty day moving average of $126.06 and a 200-day moving average of $109.25.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Stifel Nicolaus lifted their price target on shares of Camtek from $98.00 to $115.00 and gave the company a “buy” rating in a report on Monday, October 13th. Barclays restated an “overweight” rating and issued a $155.00 target price on shares of Camtek in a research note on Thursday, January 15th. Morgan Stanley assumed coverage on Camtek in a research report on Monday, December 1st. They set an “equal weight” rating and a $110.00 price target on the stock. B. Riley Financial boosted their price objective on Camtek from $145.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Finally, Zacks Research upgraded Camtek from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Camtek has an average rating of “Moderate Buy” and a consensus target price of $137.17.

About Camtek

Camtek Ltd. (NASDAQ: CAMT) is a provider of automated inspection and metrology solutions for the semiconductor and printed circuit board (PCB) industries. The company develops, manufactures and markets a suite of inline and stand-alone systems that perform high‐resolution 2D and 3D measurements, defect review and process control. Its products are used by integrated device manufacturers, foundries, OSAT (outsourced semiconductor assembly and test) providers, and PCB fabricators to optimize yield, improve product quality and reduce production costs.

Camtek’s core offerings include wafer inspection systems that detect and classify defects on patterned wafers, patterned wafer metrology tools for overlay and critical dimension measurements, and advanced packaging inspection platforms for 3D ICs and fan-out wafer-level packaging.