Telemark Asset Management LLC Purchases 40,000 Shares of Camtek Ltd. $CAMT

Telemark Asset Management LLC raised its position in shares of Camtek Ltd. (NASDAQ:CAMT) by 133.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,000 shares of the semiconductor company’s stock after acquiring an additional 40,000 shares during the quarter. Telemark Asset Management LLC owned about 0.15% of Camtek worth $7,444,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Wasatch Advisors LP boosted its position in Camtek by 14.7% during the third quarter. Wasatch Advisors LP now owns 4,020,683 shares of the semiconductor company’s stock valued at $422,373,000 after acquiring an additional 513,956 shares during the last quarter. Menora Mivtachim Holdings LTD. boosted its position in Camtek by 31.1% during the third quarter. Menora Mivtachim Holdings LTD. now owns 2,099,351 shares of the semiconductor company’s stock valued at $220,537,000 after acquiring an additional 497,918 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted 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 last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in Camtek by 12.0% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,318,396 shares of the semiconductor company’s stock valued at $140,205,000 after acquiring an additional 140,796 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Camtek by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 1,086,242 shares of the semiconductor company’s stock valued at $116,615,000 after acquiring an additional 7,220 shares during the last quarter. Institutional investors own 41.93% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $185.00 price target on shares of Camtek in a research report on Friday, April 17th. B. Riley Financial reaffirmed a “buy” rating on shares of Camtek in a research report on Monday, April 20th. Northland Securities set a $174.00 price target on shares of Camtek in a research report on Wednesday, May 13th. Evercore reaffirmed an “outperform” rating and set a $200.00 price target on shares of Camtek in a research report on Wednesday, May 13th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $145.00 price objective on shares of Camtek in a report on Wednesday, February 18th. Seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $174.33.

Camtek Price Performance

Shares of NASDAQ CAMT opened at $164.21 on Friday. The firm’s 50-day moving average price is $174.96 and its 200-day moving average price is $149.37. Camtek Ltd. has a 1-year low of $70.07 and a 1-year high of $215.99. The firm has a market capitalization of $7.53 billion, a P/E ratio of 188.75, a P/E/G ratio of 3.94 and a beta of 1.54. The company has a current ratio of 8.35, a quick ratio of 7.46 and a debt-to-equity ratio of 0.71.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings data on Tuesday, May 12th. The semiconductor company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.01. Camtek had a net margin of 9.63% and a return on equity of 22.26%. The firm had revenue of $121.66 million for the quarter, compared to analyst estimates of $120.15 million. During the same quarter in the prior year, the business earned $0.79 earnings per share. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. Equities research analysts anticipate that Camtek Ltd. will post 3.14 earnings per share for the current fiscal year.

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.