Pier Capital LLC Makes New Investment in Camtek Ltd. $CAMT

Pier Capital LLC purchased a new position in Camtek Ltd. (NASDAQ:CAMT) in the 4th quarter, Holdings Channel.com reports. The firm purchased 33,248 shares of the semiconductor company’s stock, valued at approximately $3,536,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Wasatch Advisors LP raised its position in Camtek by 14.7% in the third quarter. Wasatch Advisors LP now owns 4,020,683 shares of the semiconductor company’s stock worth $422,373,000 after purchasing an additional 513,956 shares in the last quarter. Menora Mivtachim Holdings LTD. increased its holdings in shares of Camtek by 31.1% in the third quarter. Menora Mivtachim Holdings LTD. now owns 2,099,351 shares of the semiconductor company’s stock valued at $220,537,000 after purchasing an additional 497,918 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Camtek by 56.9% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,665,236 shares of the semiconductor company’s stock valued at $177,090,000 after purchasing an additional 604,097 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Camtek by 12.0% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,318,396 shares of the semiconductor company’s stock valued at $140,205,000 after purchasing an additional 140,796 shares in the last quarter. Finally, Brown Capital Management LLC increased its holdings in shares of Camtek by 1.2% in the third quarter. Brown Capital Management LLC now owns 1,153,943 shares of the semiconductor company’s stock valued at $121,222,000 after purchasing an additional 13,806 shares in the last quarter. Institutional investors and hedge funds own 41.93% of the company’s stock.

Camtek Trading Down 4.7%

Shares of NASDAQ CAMT opened at $193.08 on Friday. The firm has a 50 day moving average price of $171.11 and a two-hundred day moving average price of $141.28. The company has a debt-to-equity ratio of 0.84, a quick ratio of 7.31 and a current ratio of 8.35. Camtek Ltd. has a 52-week low of $62.88 and a 52-week high of $210.20. The stock has a market cap of $8.85 billion, a P/E ratio of 205.41, a price-to-earnings-growth ratio of 4.76 and a beta of 1.61.

Camtek (NASDAQ:CAMT) last released its quarterly earnings data on Wednesday, February 18th. The semiconductor company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.02). Camtek had a return on equity of 23.61% and a net margin of 10.23%.The business had revenue of $128.12 million for the quarter, compared to analyst estimates of $127.10 million. During the same quarter in the previous year, the company posted $0.77 EPS. The business’s quarterly revenue was up 9.2% on a year-over-year basis. As a group, equities analysts forecast that Camtek Ltd. will post 3.12 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $185.00 target price on shares of Camtek in a report on Friday, April 17th. Evercore reiterated an “outperform” rating and issued a $190.00 target price on shares of Camtek in a report on Wednesday, February 18th. Needham & Company LLC raised their target price on shares of Camtek from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Morgan Stanley raised their target price on shares of Camtek from $151.00 to $161.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 24th. Finally, Bank of America lifted their price objective on shares of Camtek from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $166.75.

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.