Penn Capital Management Company LLC Trims Position in Camtek Ltd. $CAMT

Penn Capital Management Company LLC decreased its position in Camtek Ltd. (NASDAQ:CAMT) by 30.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 124,487 shares of the semiconductor company’s stock after selling 54,143 shares during the quarter. Penn Capital Management Company LLC owned approximately 0.27% of Camtek worth $13,271,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new stake in shares of Camtek in the 3rd quarter worth about $32,000. Advisors Asset Management Inc. increased its stake 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. Global Retirement Partners LLC bought a new position in shares of Camtek in the 4th quarter worth about $52,000. Rothschild Investment LLC bought a new position in shares of Camtek in the 3rd quarter worth about $54,000. Finally, Aventura Private Wealth LLC bought a new position in shares of Camtek in the 4th quarter worth about $108,000. Hedge funds and other institutional investors own 41.93% of the company’s stock.

Camtek Stock Up 4.4%

CAMT stock opened at $174.73 on Wednesday. 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 business’s 50-day moving average is $173.93 and its two-hundred day moving average is $145.90. The company has a market cap of $8.01 billion, a price-to-earnings ratio of 200.84, a P/E/G ratio of 4.03 and a beta of 1.61. Camtek Ltd. has a fifty-two week low of $64.90 and a fifty-two week high of $215.99.

Camtek (NASDAQ:CAMT) last released its earnings results on Tuesday, May 12th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.01. The firm had revenue of $121.66 million during the quarter, compared to analysts’ expectations of $120.15 million. Camtek had a return on equity of 22.26% and a net margin of 9.63%.The firm’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the business posted $0.79 earnings per share. As a group, analysts forecast that Camtek Ltd. will post 3.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CAMT shares. B. Riley Financial reiterated a “buy” rating on shares of Camtek in a research note on Monday, April 20th. Morgan Stanley increased their price target on shares of Camtek from $161.00 to $163.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 13th. Zacks Research upgraded shares of Camtek from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Stifel Nicolaus reiterated a “hold” rating and issued a $185.00 price target on shares of Camtek in a research note on Friday, April 17th. Finally, Wall Street Zen raised Camtek from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $174.33.

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.