K2 Principal Fund L.P. Makes New Investment in Camtek Ltd. $CAMT

K2 Principal Fund L.P. purchased a new position in shares of Camtek Ltd. (NASDAQ:CAMT) in the fourth quarter, Holdings Channel reports. The fund purchased 4,000 shares of the semiconductor company’s stock, valued at approximately $425,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Wasatch Advisors LP boosted its position in Camtek by 14.7% during the 3rd quarter. Wasatch Advisors LP now owns 4,020,683 shares of the semiconductor company’s stock worth $422,373,000 after acquiring an additional 513,956 shares during the period. Menora Mivtachim Holdings LTD. lifted 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 buying an additional 497,918 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted 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 buying an additional 604,097 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted 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 buying an additional 140,796 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Camtek by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 1,086,242 shares of the semiconductor company’s stock valued at $116,615,000 after buying an additional 7,220 shares during the period. Institutional investors and hedge funds own 41.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CAMT shares. Evercore restated an “outperform” rating and issued a $200.00 price objective on shares of Camtek in a report on Wednesday, May 13th. B. Riley Financial restated a “buy” rating on shares of Camtek in a report on Monday, April 20th. Northland Securities set a $174.00 price objective on Camtek in a report on Wednesday, May 13th. Stifel Nicolaus restated a “hold” rating and issued a $185.00 price objective on shares of Camtek in a report on Friday, April 17th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $145.00 price objective on shares of Camtek in a report on Wednesday, February 18th. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Camtek has a consensus rating of “Moderate Buy” and an average price target of $174.33.

Camtek Stock Up 5.0%

Shares of Camtek stock opened at $193.27 on Friday. The stock’s fifty day moving average is $177.22 and its 200-day moving average is $152.17. The firm has a market capitalization of $8.86 billion, a PE ratio of 222.15, a price-to-earnings-growth ratio of 4.64 and a beta of 1.54. The company has a quick ratio of 7.46, a current ratio of 8.35 and a debt-to-equity ratio of 0.71. Camtek Ltd. has a 12-month low of $70.07 and a 12-month high of $215.99.

Camtek (NASDAQ:CAMT) last announced its earnings results on Tuesday, May 12th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. The company had revenue of $121.66 million for the quarter, compared to analyst estimates of $120.15 million. Camtek had a return on equity of 22.26% and a net margin of 9.63%.Camtek’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.79 earnings per share. Equities analysts anticipate that Camtek Ltd. will post 3.14 earnings per share for the current year.

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.