Camtek Ltd. $CAMT Shares Sold by First Wilshire Securities Management Inc.

First Wilshire Securities Management Inc. lessened its stake in shares of Camtek Ltd. (NASDAQ:CAMT) by 49.4% in the 4th quarter, Holdings Channel reports. The firm owned 104,360 shares of the semiconductor company’s stock after selling 102,064 shares during the period. Camtek accounts for 2.8% of First Wilshire Securities Management Inc.’s investment portfolio, making the stock its 12th largest holding. First Wilshire Securities Management Inc.’s holdings in Camtek were worth $11,098,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Lifestyle Asset Management Inc. raised its position in shares of Camtek by 2.5% during 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 during the last quarter. Geode Capital Management LLC raised its position in shares of Camtek by 0.4% during 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 during the last quarter. Daiwa Securities Group Inc. raised its position in shares of Camtek by 202.0% during 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 last quarter. Cetera Investment Advisers raised its position in shares of Camtek by 4.7% during 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 last quarter. Finally, Advisors Asset Management Inc. raised its position in shares of Camtek by 61.6% during the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 293 shares during the last quarter. Institutional investors and hedge funds own 41.93% of the company’s stock.

Camtek Stock Up 10.5%

Shares of NASDAQ CAMT opened at $184.15 on Friday. Camtek Ltd. has a 12-month low of $70.07 and a 12-month high of $215.99. The stock has a market cap of $8.44 billion, a PE ratio of 211.67, a P/E/G ratio of 4.00 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. The company has a 50-day moving average of $176.52 and a 200 day moving average of $151.89.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings data on Tuesday, May 12th. The semiconductor company reported $0.70 earnings per share (EPS) 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 company had revenue of $121.66 million during the quarter, compared to analysts’ expectations of $120.15 million. During the same quarter in the prior year, the company earned $0.79 EPS. Camtek’s revenue was up 2.6% compared to the same quarter last year. As a group, sell-side analysts predict that Camtek Ltd. will post 3.14 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on CAMT shares. Wall Street Zen upgraded shares of Camtek from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Jefferies Financial Group upped their price objective on shares of Camtek from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. B. Riley Financial reaffirmed a “buy” rating on shares of Camtek in a research note on Monday, April 20th. Oppenheimer upped their price objective on shares of Camtek from $180.00 to $195.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $185.00 price objective on shares of Camtek in a research note on Friday, April 17th. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Camtek presently has an average rating of “Moderate Buy” and an average target price of $174.33.

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.