Taylor Frigon Capital Management LLC Has $2.85 Million Stock Position in Camtek Ltd. $CAMT

Taylor Frigon Capital Management LLC decreased its position in Camtek Ltd. (NASDAQ:CAMT) by 16.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 26,759 shares of the semiconductor company’s stock after selling 5,142 shares during the period. Camtek comprises approximately 1.4% of Taylor Frigon Capital Management LLC’s portfolio, making the stock its 17th largest position. Taylor Frigon Capital Management LLC’s holdings in Camtek were worth $2,846,000 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. Sovran Advisors LLC acquired a new position in shares of Camtek in the 4th quarter valued at $155,000. Palisades Investment Partners LLC grew its holdings in shares of Camtek by 10.0% in the 4th quarter. Palisades Investment Partners LLC now owns 6,927 shares of the semiconductor company’s stock valued at $737,000 after buying an additional 628 shares during the period. SG Americas Securities LLC grew its holdings in shares of Camtek by 38.6% in the 4th quarter. SG Americas Securities LLC now owns 19,833 shares of the semiconductor company’s stock valued at $2,109,000 after buying an additional 5,528 shares during the period. Aventura Private Wealth LLC acquired a new position in shares of Camtek in the 4th quarter valued at $108,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Camtek by 42.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 51,694 shares of the semiconductor company’s stock valued at $5,430,000 after buying an additional 15,490 shares during the period. Institutional investors and hedge funds own 41.93% of the company’s stock.

Camtek Trading Down 0.7%

CAMT opened at $179.55 on Thursday. The stock has a market capitalization of $8.23 billion, a P/E ratio of 191.01, a P/E/G ratio of 4.25 and a beta of 1.56. Camtek Ltd. has a 12 month low of $56.09 and a 12 month high of $183.62. The firm’s fifty day simple moving average is $161.18 and its 200 day simple moving average is $133.78. The company has a current ratio of 8.35, a quick ratio of 7.31 and a debt-to-equity ratio of 0.84.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings data on Wednesday, February 18th. The semiconductor company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.02). The company had revenue of $128.12 million during the quarter, compared to the consensus estimate of $127.10 million. Camtek had a net margin of 10.23% and a return on equity of 23.61%. The company’s revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.77 earnings per share. As a group, research analysts anticipate that Camtek Ltd. will post 2.93 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group reissued a “neutral” rating and issued a $145.00 price target on shares of Camtek in a report on Wednesday, February 18th. Northland Securities lowered shares of Camtek from an “outperform” rating to a “market perform” rating and set a $150.00 price target for the company. in a report on Wednesday, February 18th. Stifel Nicolaus boosted their price target on shares of Camtek from $120.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Oppenheimer boosted their price target on shares of Camtek from $120.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. Finally, B. Riley Financial boosted their price objective on shares of Camtek from $145.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Camtek currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.75.

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.