Cynosure Group LLC Cuts Stock Position in Camtek Ltd. (NASDAQ:CAMT)

Cynosure Group LLC lessened its position in shares of Camtek Ltd. (NASDAQ:CAMT) by 8.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,056 shares of the semiconductor company’s stock after selling 374 shares during the period. Cynosure Group LLC’s holdings in Camtek were worth $328,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. HighTower Advisors LLC lifted its holdings in Camtek by 75.6% during the fourth quarter. HighTower Advisors LLC now owns 9,926 shares of the semiconductor company’s stock valued at $802,000 after purchasing an additional 4,272 shares during the last quarter. Centiva Capital LP bought a new stake in shares of Camtek in the third quarter valued at approximately $705,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Camtek by 16.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 486,606 shares of the semiconductor company’s stock valued at $38,855,000 after buying an additional 67,250 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its stake in shares of Camtek by 1.5% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 25,150 shares of the semiconductor company’s stock valued at $2,031,000 after buying an additional 381 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Camtek by 3,300.3% in the 3rd quarter. Wellington Management Group LLP now owns 102,078 shares of the semiconductor company’s stock worth $8,154,000 after buying an additional 99,076 shares during the period. Institutional investors own 41.93% of the company’s stock.

Camtek Trading Up 1.7 %

Shares of CAMT opened at $60.17 on Thursday. Camtek Ltd. has a 1-year low of $56.49 and a 1-year high of $140.50. The company has a market capitalization of $2.74 billion, a P/E ratio of 24.86, a P/E/G ratio of 1.89 and a beta of 1.38. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.00 and a quick ratio of 4.11. The firm’s 50 day simple moving average is $76.53 and its 200 day simple moving average is $79.35.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). Camtek had a return on equity of 24.99% and a net margin of 27.61%. Sell-side analysts forecast that Camtek Ltd. will post 2.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CAMT. Needham & Company LLC reissued a “buy” rating and set a $110.00 target price on shares of Camtek in a report on Thursday, February 13th. Northland Securities boosted their price objective on Camtek from $102.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Stifel Nicolaus restated a “buy” rating and issued a $105.00 target price on shares of Camtek in a research note on Thursday, December 12th. Barclays decreased their price target on Camtek from $140.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, StockNews.com lowered shares of Camtek from a “hold” rating to a “sell” rating in a research report on Saturday, March 29th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Camtek currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.22.

About Camtek

Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for semiconductor industry. The company provides Eagle-i, a system that delivers 2D inspection and metrology capabilities; Eagle-AP, which addresses the advanced packaging market using software and hardware technologies that deliver superior 2D and 3D inspection and metrology capabilities on the same platform; and Golden Eagle, a panel inspection and metrology system to address the challenges fanout wafer level packaging applications.