Camtek Ltd. (NASDAQ:CAMT) Shares Bought by ARK Investment Management LLC

ARK Investment Management LLC lifted its stake in shares of Camtek Ltd. (NASDAQ:CAMTGet Rating) by 4.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,116 shares of the semiconductor company’s stock after acquiring an additional 2,835 shares during the quarter. ARK Investment Management LLC owned 0.16% of Camtek worth $2,100,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CAMT. Quantbot Technologies LP acquired a new stake in shares of Camtek in the first quarter worth $220,000. Bank of America Corp DE boosted its position in shares of Camtek by 143.8% in the first quarter. Bank of America Corp DE now owns 8,593 shares of the semiconductor company’s stock worth $261,000 after buying an additional 5,068 shares during the period. Jag Capital Management LLC boosted its position in Camtek by 20.2% during the fourth quarter. Jag Capital Management LLC now owns 6,771 shares of the semiconductor company’s stock valued at $312,000 after purchasing an additional 1,139 shares during the last quarter. HighTower Advisors LLC boosted its position in Camtek by 4.2% during the fourth quarter. HighTower Advisors LLC now owns 8,583 shares of the semiconductor company’s stock valued at $395,000 after purchasing an additional 343 shares during the last quarter. Finally, Paradiem LLC boosted its position in Camtek by 7.5% during the first quarter. Paradiem LLC now owns 13,540 shares of the semiconductor company’s stock valued at $418,000 after purchasing an additional 943 shares during the last quarter. 27.34% of the stock is owned by institutional investors.

Camtek Trading Up 0.2 %

Camtek stock opened at $25.10 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 5.47 and a current ratio of 6.28. The business’s 50-day simple moving average is $28.03 and its 200-day simple moving average is $28.55. The firm has a market capitalization of $1.11 billion, a PE ratio of 16.96, a PEG ratio of 2.42 and a beta of 1.53. Camtek Ltd. has a 52 week low of $22.89 and a 52 week high of $49.60.

Camtek (NASDAQ:CAMTGet Rating) last posted its quarterly earnings data on Wednesday, July 27th. The semiconductor company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. The business had revenue of $79.60 million for the quarter, compared to analyst estimates of $80.00 million. Camtek had a return on equity of 24.22% and a net margin of 22.82%. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 earnings per share. Equities research analysts forecast that Camtek Ltd. will post 1.59 earnings per share for the current year.

Analysts Set New Price Targets

CAMT has been the topic of several recent research reports. Barclays lowered Camtek from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $28.75 to $32.00 in a report on Monday, August 1st. Bank of America cut their target price on Camtek from $33.00 to $30.00 and set a “neutral” rating on the stock in a report on Wednesday, June 29th. Finally, B. Riley lowered Camtek from a “buy” rating to a “neutral” rating and cut their target price for the company from $35.00 to $29.00 in a report on Wednesday, June 15th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Camtek currently has a consensus rating of “Hold” and a consensus target price of $35.25.

Camtek Profile

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Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for the advanced interconnect packaging, memory, complementary metal oxide semiconductor image sensors, micro-electro mechanical systems, radio frequency, and other segments of the semiconductor industry.

See Also

Institutional Ownership by Quarter for Camtek (NASDAQ:CAMT)

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