Camtek Ltd. $CAMT Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio cut its stake in Camtek Ltd. (NASDAQ:CAMT) by 17.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,026 shares of the semiconductor company’s stock after selling 7,821 shares during the period. Public Employees Retirement System of Ohio’s holdings in Camtek were worth $5,720,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fifth Third Bancorp purchased a new stake in Camtek during the 1st quarter worth about $42,000. Daiwa Securities Group Inc. raised its position in Camtek by 202.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 299 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 200 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Camtek in the 3rd quarter valued at about $32,000. Global Retirement Partners LLC acquired a new position in shares of Camtek during the fourth quarter worth about $52,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Camtek during the fourth quarter worth about $63,000. 41.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CAMT has been the topic of several analyst reports. Oppenheimer raised their target price on shares of Camtek from $180.00 to $195.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Evercore reiterated an “outperform” rating and set a $200.00 price target on shares of Camtek in a report on Wednesday, May 13th. Jefferies Financial Group increased their price objective on shares of Camtek from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Barclays raised their price objective on shares of Camtek from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Finally, Weiss Ratings raised shares of Camtek from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 14th. Seven research 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $174.67.

Camtek Trading Down 7.5%

CAMT opened at $140.06 on Wednesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 7.46 and a current ratio of 8.35. Camtek Ltd. has a one year low of $75.75 and a one year high of $215.99. The company has a market cap of $6.54 billion, a P/E ratio of 160.99, a PEG ratio of 3.64 and a beta of 1.55. The business’s 50-day simple moving average is $163.10 and its 200-day simple moving average is $162.82.

Camtek (NASDAQ:CAMT) last posted its earnings results on Tuesday, May 12th. The semiconductor company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.01. The firm had revenue of $121.66 million during the quarter, compared to analysts’ expectations of $120.15 million. Camtek had a return on equity of 22.26% and a net margin of 9.63%.The firm’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.79 earnings per share. As a group, equities research analysts expect that Camtek Ltd. will post 3.14 EPS 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.