Wolverine Asset Management LLC Reduces Stock Position in Camtek Ltd. (NASDAQ:CAMT)

Wolverine Asset Management LLC decreased its holdings in Camtek Ltd. (NASDAQ:CAMT) by 91.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 929 shares of the semiconductor company’s stock after selling 9,500 shares during the period. Wolverine Asset Management LLC’s holdings in Camtek were worth $64,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Clal Insurance Enterprises Holdings Ltd increased its holdings in Camtek by 275.5% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,067,187 shares of the semiconductor company’s stock worth $66,405,000 after purchasing an additional 782,958 shares during the period. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in Camtek in the third quarter worth about $21,162,000. Westfield Capital Management Co. LP bought a new position in Camtek during the 3rd quarter worth about $12,093,000. Eagle Asset Management Inc. purchased a new position in Camtek during the 3rd quarter valued at about $12,022,000. Finally, Lazard Asset Management LLC bought a new stake in shares of Camtek in the 3rd quarter valued at about $11,483,000. 41.93% of the stock is currently owned by institutional investors.

Camtek Trading Up 4.2 %

Shares of NASDAQ:CAMT opened at $82.16 on Monday. The business’s 50-day moving average is $80.49 and its 200 day moving average is $71.70. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.66 and a quick ratio of 4.77. Camtek Ltd. has a 1 year low of $25.38 and a 1 year high of $90.54. The firm has a market capitalization of $3.69 billion, a P/E ratio of 50.72, a P/E/G ratio of 2.82 and a beta of 1.41.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings data on Tuesday, February 20th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.04. The firm had revenue of $88.70 million for the quarter, compared to the consensus estimate of $88.02 million. Camtek had a net margin of 24.93% and a return on equity of 18.92%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.45 earnings per share. On average, research analysts predict that Camtek Ltd. will post 2.12 earnings per share for the current fiscal year.

Camtek Announces Dividend

The business also recently disclosed a Variable dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th were paid a dividend of $1.33 per share. The ex-dividend date was Wednesday, April 3rd. Camtek’s payout ratio is currently 82.10%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CAMT. B. Riley reissued a “buy” rating and set a $102.00 price objective on shares of Camtek in a report on Tuesday, March 26th. Barclays boosted their price target on Camtek from $82.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 21st. Finally, Evercore ISI initiated coverage on Camtek in a research report on Tuesday, April 16th. They set an “outperform” rating and a $100.00 price objective on the stock. One analyst has rated the stock with a hold rating and seven have issued a buy 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 $74.75.

Camtek Company Profile

Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for semiconductor industry. The company provides Eagle-i, a system that delivers 2D inspection and metrology capabilities; Eagle-AP, which addresses the advanced packaging market using software and hardware technologies that deliver superior 2D and 3D inspection and metrology capabilities on the same platform; and Golden Eagle, a panel inspection and metrology system to address the challenges fanout wafer level packaging applications.