Royce & Associates LP Acquires 9,656 Shares of Camtek Ltd. $CAMT

Royce & Associates LP boosted its holdings in shares of Camtek Ltd. (NASDAQ:CAMT) by 5.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 186,790 shares of the semiconductor company’s stock after acquiring an additional 9,656 shares during the period. Royce & Associates LP owned about 0.41% of Camtek worth $19,864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new position in Camtek during the 3rd quarter worth about $32,000. Global Retirement Partners LLC purchased a new stake in shares of Camtek during the fourth quarter valued at about $52,000. Rothschild Investment LLC purchased a new stake in shares of Camtek during the third quarter valued at about $54,000. Advisors Asset Management Inc. lifted its position in shares of Camtek by 61.6% during the first quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 293 shares during the last quarter. Finally, Aventura Private Wealth LLC purchased a new stake in shares of Camtek during the fourth quarter valued at about $108,000. 41.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on CAMT. Morgan Stanley increased their price target on shares of Camtek from $161.00 to $163.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 13th. Weiss Ratings raised shares of Camtek from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 14th. Zacks Research raised shares of Camtek from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Evercore reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Camtek in a research report on Wednesday, May 13th. Finally, Oppenheimer increased their price objective 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. Seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Camtek currently has an average rating of “Moderate Buy” and a consensus target price of $174.33.

Camtek Stock Up 4.4%

Shares of CAMT opened at $174.73 on Wednesday. Camtek Ltd. has a 52 week low of $64.90 and a 52 week high of $215.99. The company has a quick ratio of 7.46, a current ratio of 8.35 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $8.01 billion, a price-to-earnings ratio of 200.84, a PEG ratio of 4.03 and a beta of 1.61. The stock’s 50-day moving average price is $173.93 and its 200-day moving average price is $145.90.

Camtek (NASDAQ:CAMT) last issued its earnings results on Tuesday, May 12th. The semiconductor company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. Camtek had a return on equity of 22.26% and a net margin of 9.63%.The firm had revenue of $121.66 million for the quarter, compared to the consensus estimate of $120.15 million. During the same quarter in the prior year, the business earned $0.79 earnings per share. The company’s revenue was up 2.6% compared to the same quarter last year. On average, sell-side analysts predict that Camtek Ltd. will post 3.13 EPS for the current 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.