Virtu Financial LLC Increases Stock Position in Camtek Ltd. $CAMT

Virtu Financial LLC lifted its position in shares of Camtek Ltd. (NASDAQ:CAMT) by 139.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,566 shares of the semiconductor company’s stock after buying an additional 3,243 shares during the period. Virtu Financial LLC’s holdings in Camtek were worth $592,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. grew its position in Camtek by 56.9% during 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 acquiring an additional 604,097 shares during the period. Wasatch Advisors LP raised its holdings in shares of Camtek by 18.6% in the 2nd quarter. Wasatch Advisors LP now owns 3,506,727 shares of the semiconductor company’s stock worth $296,529,000 after purchasing an additional 550,072 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Camtek in the 4th quarter valued at about $57,772,000. Menora Mivtachim Holdings LTD. lifted its stake in shares of Camtek by 31.1% in the 3rd 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. Finally, Millennium Management LLC grew its holdings in shares of Camtek by 169.8% during the 3rd quarter. Millennium Management LLC now owns 479,053 shares of the semiconductor company’s stock worth $50,325,000 after purchasing an additional 301,484 shares during the period. 41.93% of the stock is owned by hedge funds and other institutional investors.

Camtek Price Performance

Shares of NASDAQ CAMT opened at $195.72 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 8.35 and a quick ratio of 7.46. Camtek Ltd. has a 1-year low of $73.06 and a 1-year high of $215.99. The company has a market capitalization of $8.97 billion, a price-to-earnings ratio of 224.97, a PEG ratio of 4.69 and a beta of 1.54. The business has a 50-day moving average of $180.47 and a 200-day moving average of $156.12.

Camtek (NASDAQ:CAMT) last announced its earnings results on Tuesday, May 12th. The semiconductor company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.69 by $0.01. The business 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 company’s revenue was up 2.6% on a year-over-year basis. During the same period last year, the business posted $0.79 EPS. On average, equities analysts anticipate that Camtek Ltd. will post 3.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CAMT shares. B. Riley Financial reissued a “buy” rating on shares of Camtek in a research report on Monday, April 20th. Weiss Ratings raised shares of Camtek from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 14th. Needham & Company LLC boosted their price objective on shares of Camtek from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Northland Securities set a $174.00 price objective on shares of Camtek in a research report on Wednesday, May 13th. Finally, Evercore reissued an “outperform” rating and issued a $200.00 target price on shares of Camtek in a research note on Wednesday, May 13th. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Camtek presently has a consensus rating of “Moderate Buy” and an average price target of $174.33.

Camtek 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.