Camtek Ltd. (NASDAQ:CAMT) Shares Sold by Alpha DNA Investment Management LLC

Alpha DNA Investment Management LLC decreased its position in shares of Camtek Ltd. (NASDAQ:CAMT) by 45.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,934 shares of the semiconductor company’s stock after selling 3,227 shares during the quarter. Alpha DNA Investment Management LLC’s holdings in Camtek were worth $493,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the company. Clal Insurance Enterprises Holdings Ltd raised its holdings in Camtek by 6.0% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,131,671 shares of the semiconductor company’s stock worth $78,523,000 after purchasing an additional 64,484 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Camtek by 5.7% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 882,165 shares of the semiconductor company’s stock valued at $73,899,000 after buying an additional 47,900 shares during the period. Hood River Capital Management LLC boosted its stake in Camtek by 1.9% during the first quarter. Hood River Capital Management LLC now owns 691,780 shares of the semiconductor company’s stock valued at $57,950,000 after buying an additional 13,094 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in Camtek during the first quarter worth about $55,026,000. Finally, Y.D. More Investments Ltd raised its position in Camtek by 723.7% in the second quarter. Y.D. More Investments Ltd now owns 626,973 shares of the semiconductor company’s stock worth $78,709,000 after acquiring an additional 550,854 shares in the last quarter. Institutional investors and hedge funds own 41.93% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. B. Riley decreased their price objective on shares of Camtek from $150.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Needham & Company LLC reissued a “buy” rating and set a $140.00 price target on shares of Camtek in a research report on Friday, August 2nd. Northland Capmk upgraded Camtek from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Northland Securities upgraded Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 target price on the stock in a report on Monday, August 5th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Camtek presently has a consensus rating of “Buy” and an average target price of $116.57.

Camtek Trading Up 1.4 %

NASDAQ:CAMT opened at $76.66 on Thursday. The company has a quick ratio of 4.29, a current ratio of 5.21 and a debt-to-equity ratio of 0.42. The company’s 50 day moving average is $90.44 and its 200-day moving average is $95.58. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 43.31, a P/E/G ratio of 1.43 and a beta of 1.39. Camtek Ltd. has a 12 month low of $48.50 and a 12 month high of $140.50.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. Camtek had a net margin of 25.93% and a return on equity of 22.57%. The business had revenue of $102.60 million for the quarter, compared to the consensus estimate of $101.26 million. During the same quarter last year, the company posted $0.38 earnings per share. Camtek’s quarterly revenue was up 39.4% on a year-over-year basis. Equities analysts anticipate that Camtek Ltd. will post 2.45 EPS for the current year.

About Camtek

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.