Camtek Ltd. (NASDAQ:CAMT) Shares Sold by Dupont Capital Management Corp

Dupont Capital Management Corp decreased its holdings in Camtek Ltd. (NASDAQ:CAMT – Get Rating) by 25.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,869 shares of the semiconductor company’s stock after selling 631 shares during the quarter. Dupont Capital Management Corp’s holdings in Camtek were worth $43,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CAMT. FMR LLC lifted its position in Camtek by 116.1% during the 2nd quarter. FMR LLC now owns 3,032 shares of the semiconductor company’s stock worth $76,000 after acquiring an additional 1,629 shares during the period. C M Bidwell & Associates Ltd. lifted its position in Camtek by 5,555.6% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 5,090 shares of the semiconductor company’s stock worth $127,000 after acquiring an additional 5,000 shares during the period. Quantbot Technologies LP acquired a new stake in Camtek during the 1st quarter worth about $220,000. Bank of America Corp DE lifted its position in Camtek by 143.8% during the 1st quarter. Bank of America Corp DE now owns 8,593 shares of the semiconductor company’s stock worth $261,000 after acquiring an additional 5,068 shares during the period. Finally, Van ECK Associates Corp lifted its position in Camtek by 9.1% during the 2nd quarter. Van ECK Associates Corp now owns 9,083 shares of the semiconductor company’s stock worth $226,000 after acquiring an additional 760 shares during the period. Institutional investors and hedge funds own 27.52% of the company’s stock.

Camtek Price Performance

Shares of Camtek stock opened at $26.78 on Friday. The company has a quick ratio of 5.86, a current ratio of 6.74 and a debt-to-equity ratio of 0.54. Camtek Ltd. has a twelve month low of $20.83 and a twelve month high of $38.95. The business has a 50-day moving average price of $23.48 and a 200 day moving average price of $25.01. The firm has a market cap of $1.19 billion, a PE ratio of 17.85, a P/E/G ratio of 2.91 and a beta of 1.46.

Camtek (NASDAQ:CAMT – Get Rating) last announced its quarterly earnings results on Thursday, November 17th. The semiconductor company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.02. Camtek had a return on equity of 23.40% and a net margin of 22.70%. The firm had revenue of $81.99 million during the quarter, compared to analyst estimates of $82.33 million. Sell-side analysts predict that Camtek Ltd. will post 1.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on CAMT. Barclays lowered their price target on Camtek to $22.00 in a research report on Monday, November 21st. StockNews.com upgraded Camtek from a “hold” rating to a “buy” rating in a research note on Monday, January 16th. Bank of America reduced their price objective on Camtek from $32.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, October 7th. Northland Securities reduced their price objective on Camtek to $40.00 in a research note on Monday, November 21st. Finally, B. Riley reduced their price objective on Camtek from $29.00 to $27.00 and set a “neutral” rating for the company in a research note on Tuesday, October 4th.

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.