Cim LLC Buys New Shares in Camtek Ltd. $CAMT

Cim LLC purchased a new stake in shares of Camtek Ltd. (NASDAQ:CAMT) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 6,054 shares of the semiconductor company’s stock, valued at approximately $512,000.

Several other large investors have also recently added to or reduced their stakes in CAMT. Castleark Management LLC grew its holdings in shares of Camtek by 28.7% during the 2nd quarter. Castleark Management LLC now owns 20,950 shares of the semiconductor company’s stock worth $1,772,000 after purchasing an additional 4,670 shares in the last quarter. Rexford Capital Inc. bought a new position in Camtek in the second quarter worth $464,000. Vident Advisory LLC lifted its position in Camtek by 39.0% in the second quarter. Vident Advisory LLC now owns 10,117 shares of the semiconductor company’s stock worth $855,000 after purchasing an additional 2,836 shares during the period. Wasatch Advisors LP boosted its stake in Camtek by 18.6% during the second quarter. Wasatch Advisors LP now owns 3,506,727 shares of the semiconductor company’s stock worth $296,529,000 after buying an additional 550,072 shares in the last quarter. Finally, Ameriprise Financial Inc. bought a new stake in Camtek in the 2nd quarter valued at $1,795,000. Institutional investors and hedge funds own 41.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Evercore ISI increased their price objective on shares of Camtek from $100.00 to $130.00 and gave the company an “outperform” rating in a research note on Tuesday, November 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Camtek in a research report on Tuesday. Northland Securities set a $140.00 price objective on Camtek in a report on Tuesday, October 7th. B. Riley upped their price objective on Camtek from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Finally, Stifel Nicolaus increased their target price on Camtek from $98.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Camtek has a consensus rating of “Moderate Buy” and a consensus price target of $116.18.

Camtek Price Performance

NASDAQ:CAMT opened at $111.95 on Friday. The company has a quick ratio of 6.52, a current ratio of 7.58 and a debt-to-equity ratio of 0.90. The firm has a market cap of $5.10 billion, a PE ratio of 124.39, a price-to-earnings-growth ratio of 2.82 and a beta of 1.57. Camtek Ltd. has a 12 month low of $47.41 and a 12 month high of $129.41. The company’s 50-day moving average price is $113.27 and its two-hundred day moving average price is $95.86.

Camtek Profile

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.