State of Wyoming Boosts Stake in Camtek Ltd. $CAMT

State of Wyoming increased its holdings in shares of Camtek Ltd. (NASDAQ:CAMT) by 70.8% during the first quarter, HoldingsChannel reports. The fund owned 10,057 shares of the semiconductor company’s stock after buying an additional 4,168 shares during the period. State of Wyoming’s holdings in Camtek were worth $1,525,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Wasatch Advisors LP lifted its holdings in Camtek by 14.7% in 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 period. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Camtek by 38.2% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,302,009 shares of the semiconductor company’s stock worth $349,008,000 after purchasing an additional 636,773 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Camtek by 12.0% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,318,396 shares of the semiconductor company’s stock valued at $140,205,000 after purchasing an additional 140,796 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Camtek by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 1,086,242 shares of the semiconductor company’s stock valued at $116,615,000 after purchasing an additional 7,220 shares during the period. Finally, Y.D. More Investments Ltd lifted its stake in shares of Camtek by 20.8% in the first quarter. Y.D. More Investments Ltd now owns 783,365 shares of the semiconductor company’s stock valued at $114,901,000 after purchasing an additional 134,791 shares during the period. Hedge funds and other institutional investors own 41.93% of the company’s stock.

Camtek Price Performance

Shares of NASDAQ CAMT opened at $156.79 on Thursday. The stock has a market cap of $7.32 billion, a price-to-earnings ratio of 180.22, a PEG ratio of 3.75 and a beta of 1.55. Camtek Ltd. has a 52 week low of $75.75 and a 52 week high of $215.99. The company’s 50-day moving average price is $164.15 and its 200 day moving average price is $162.19. 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 earnings results on Tuesday, May 12th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. Camtek had a net margin of 9.63% and a return on equity of 22.26%. The company had revenue of $121.66 million during the quarter, compared to analysts’ expectations of $120.15 million. During the same quarter in the previous year, the business posted $0.79 earnings per share. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. As a group, research analysts forecast that Camtek Ltd. will post 3.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CAMT shares. Needham & Company LLC upped their target price on shares of Camtek from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Oppenheimer lifted their price target on shares of Camtek from $180.00 to $195.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Stifel Nicolaus reissued a “hold” rating and set a $185.00 price target on shares of Camtek in a research note on Friday, April 17th. Evercore restated an “outperform” rating and issued a $200.00 price target on shares of Camtek in a report on Wednesday, May 13th. Finally, Weiss Ratings raised Camtek from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 14th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $174.67.

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.