Cim LLC Increases Holdings in Camtek Ltd. $CAMT

Cim LLC lifted its holdings in Camtek Ltd. (NASDAQ:CAMT) by 168.7% in the first quarter, HoldingsChannel.com reports. The fund owned 15,536 shares of the semiconductor company’s stock after buying an additional 9,755 shares during the quarter. Cim LLC’s holdings in Camtek were worth $2,355,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its position in shares of Camtek by 46.8% during the first quarter. EverSource Wealth Advisors LLC now owns 298 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 95 shares in the last quarter. Lifestyle Asset Management Inc. lifted its holdings in Camtek by 2.5% in the 4th quarter. Lifestyle Asset Management Inc. now owns 4,764 shares of the semiconductor company’s stock worth $507,000 after purchasing an additional 115 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Camtek by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 39,576 shares of the semiconductor company’s stock worth $4,209,000 after purchasing an additional 162 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Camtek by 202.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 299 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 200 shares during the period. Finally, Cetera Investment Advisers boosted its stake in Camtek by 4.7% in the 2nd quarter. Cetera Investment Advisers now owns 4,841 shares of the semiconductor company’s stock worth $409,000 after purchasing an additional 217 shares during the period. Hedge funds and other institutional investors own 41.93% of the company’s stock.

Camtek Trading Down 9.3%

CAMT stock opened at $126.97 on Thursday. The company has a quick ratio of 7.46, a current ratio of 8.35 and a debt-to-equity ratio of 0.71. Camtek Ltd. has a twelve month low of $75.75 and a twelve month high of $215.99. The stock has a market capitalization of $5.92 billion, a price-to-earnings ratio of 145.94, a price-to-earnings-growth ratio of 3.36 and a beta of 1.55. The firm’s fifty day simple moving average is $162.45 and its two-hundred day simple moving average is $162.80.

Camtek (NASDAQ:CAMT) last announced its earnings results 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. The business had revenue of $121.66 million for the quarter, compared to the consensus estimate of $120.15 million. Camtek had a net margin of 9.63% and a return on equity of 22.26%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.79 earnings per share. As a group, analysts anticipate that Camtek Ltd. will post 3.14 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CAMT shares. Northland Securities set a $174.00 price objective on shares of Camtek in a research report on Wednesday, May 13th. B. Riley Financial restated a “buy” rating on shares of Camtek in a research report on Monday, April 20th. Evercore reaffirmed an “outperform” rating and set a $200.00 target price on shares of Camtek in a research note on Wednesday, May 13th. Needham & Company LLC raised their target price on shares of Camtek from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, Jefferies Financial Group lifted their price target on shares of Camtek from $185.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.67.

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.