Oppenheimer Asset Management Inc. Sells 5,674 Shares of Camtek Ltd. $CAMT

Oppenheimer Asset Management Inc. lessened its position in Camtek Ltd. (NASDAQ:CAMT) by 17.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 26,382 shares of the semiconductor company’s stock after selling 5,674 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Camtek were worth $2,806,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CAMT. Advisory Services Network LLC bought a new position in shares of Camtek in the third quarter worth approximately $32,000. Advisors Asset Management Inc. lifted its stake in shares of Camtek by 61.6% in the first quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock worth $45,000 after buying an additional 293 shares in the last quarter. Rothschild Investment LLC bought a new position in shares of Camtek in the third quarter worth approximately $54,000. Aventura Private Wealth LLC bought a new position in shares of Camtek in the fourth quarter worth approximately $108,000. Finally, Sovran Advisors LLC bought a new position in shares of Camtek in the fourth quarter worth approximately $155,000. Institutional investors own 41.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CAMT shares. The Goldman Sachs Group reiterated a “neutral” rating and issued a $145.00 target price on shares of Camtek in a research note on Wednesday, February 18th. Bank of America upped their target price on shares of Camtek from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Barclays boosted their price objective on shares of Camtek from $155.00 to $175.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Northland Securities cut shares of Camtek from an “outperform” rating to a “market perform” rating and set a $150.00 price objective for the company. in a report on Wednesday, February 18th. Finally, B. Riley Financial reissued a “buy” rating on shares of Camtek in a report on Monday, April 20th. Seven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $166.75.

Camtek Price Performance

CAMT opened at $186.62 on Monday. The company has a quick ratio of 7.31, a current ratio of 8.35 and a debt-to-equity ratio of 0.84. The firm has a 50 day moving average price of $168.56 and a 200-day moving average price of $139.69. Camtek Ltd. has a twelve month low of $62.88 and a twelve month high of $210.20. The stock has a market capitalization of $8.55 billion, a price-to-earnings ratio of 198.53, a PEG ratio of 4.39 and a beta of 1.61.

Camtek (NASDAQ:CAMT) last released its quarterly earnings data on Wednesday, February 18th. The semiconductor company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.02). Camtek had a net margin of 10.23% and a return on equity of 23.61%. The company had revenue of $128.12 million for the quarter, compared to analysts’ expectations of $127.10 million. During the same period in the previous year, the firm earned $0.77 earnings per share. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. Equities research analysts forecast that Camtek Ltd. will post 3.12 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.