Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $10.56 Million Stock Holdings in Camtek Ltd. $CAMT

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its position in Camtek Ltd. (NASDAQ:CAMT) by 10.3% during the first quarter, HoldingsChannel reports. The firm owned 69,629 shares of the semiconductor company’s stock after selling 8,033 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Camtek were worth $10,556,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of CAMT. Advisory Services Network LLC bought a new position in Camtek in the 3rd quarter worth $32,000. Daiwa Securities Group Inc. lifted its position in Camtek by 202.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 299 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 200 shares during the last quarter. Fifth Third Bancorp acquired a new position in Camtek during the 1st quarter worth $42,000. Advisors Asset Management Inc. boosted its holdings in Camtek by 61.6% during the first quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock valued at $45,000 after acquiring an additional 293 shares during the period. Finally, Global Retirement Partners LLC bought a new stake in Camtek during the fourth quarter valued at about $52,000. 41.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CAMT shares. Stifel Nicolaus reaffirmed a “hold” rating and issued a $185.00 price target on shares of Camtek in a research report on Friday, April 17th. Morgan Stanley boosted their price objective on Camtek from $163.00 to $167.00 and gave the stock an “equal weight” rating in a research report on Monday, July 6th. Northland Securities set a $174.00 target price on Camtek in a research note on Wednesday, May 13th. Barclays raised their target price on Camtek from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Finally, Needham & Company LLC lifted their price target on Camtek from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $174.67.

Camtek Stock Down 4.9%

NASDAQ CAMT opened at $136.78 on Tuesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 7.46 and a current ratio of 8.35. The firm has a 50-day simple moving average of $170.11 and a 200 day simple moving average of $160.17. Camtek Ltd. has a twelve month low of $75.75 and a twelve month high of $215.99. The stock has a market cap of $6.38 billion, a PE ratio of 157.22, a PEG ratio of 3.45 and a beta of 1.55.

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