Camtek Ltd. $CAMT Position Lessened by Needham Investment Management LLC

Needham Investment Management LLC trimmed its holdings in shares of Camtek Ltd. (NASDAQ:CAMT) by 4.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,500 shares of the semiconductor company’s stock after selling 3,400 shares during the quarter. Needham Investment Management LLC owned about 0.17% of Camtek worth $8,029,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Raiffeisen Bank International AG increased its position in Camtek by 26.3% during the fourth quarter. Raiffeisen Bank International AG now owns 120,000 shares of the semiconductor company’s stock worth $13,032,000 after buying an additional 25,000 shares during the last quarter. Vanguard Group Inc. increased its position in Camtek by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 1,086,242 shares of the semiconductor company’s stock worth $116,615,000 after buying an additional 7,220 shares during the last quarter. JPMorgan Chase & Co. increased its position in Camtek by 42.8% during the third quarter. JPMorgan Chase & Co. now owns 51,694 shares of the semiconductor company’s stock worth $5,430,000 after buying an additional 15,490 shares during the last quarter. Ariose Capital Management Ltd acquired a new position in Camtek during the fourth quarter worth $3,903,000. Finally, Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management increased its position in Camtek by 35.6% during the fourth quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management now owns 42,031 shares of the semiconductor company’s stock worth $4,470,000 after buying an additional 11,031 shares during the last quarter. 41.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CAMT shares. Oppenheimer increased their target price on shares of Camtek from $180.00 to $195.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Northland Securities set a $174.00 target price on shares of Camtek in a research report on Wednesday, May 13th. Jefferies Financial Group increased their target price on shares of Camtek from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Wall Street Zen raised shares of Camtek from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Finally, Weiss Ratings raised shares of Camtek from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 14th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Camtek presently has a consensus rating of “Moderate Buy” and an average price target of $174.33.

Camtek Trading Up 2.3%

Shares of NASDAQ:CAMT opened at $197.75 on Tuesday. The company has a market cap of $9.06 billion, a P/E ratio of 227.30, a P/E/G ratio of 4.64 and a beta of 1.54. The stock’s 50-day moving average is $178.02 and its 200-day moving average is $153.20. Camtek Ltd. has a 52-week low of $72.54 and a 52-week high of $215.99. The company has a debt-to-equity ratio of 0.71, a quick ratio of 7.46 and a current ratio of 8.35.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings results on Tuesday, May 12th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.01. The company had revenue of $121.66 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business posted $0.79 earnings per share. Equities research analysts predict that Camtek Ltd. will post 3.14 earnings per share for the current year.

Camtek Company Profile

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.