Alliancebernstein L.P. Sells 111,315 Shares of Camtek Ltd. (NASDAQ:CAMT)

Alliancebernstein L.P. trimmed its stake in shares of Camtek Ltd. (NASDAQ:CAMT) by 93.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,472 shares of the semiconductor company’s stock after selling 111,315 shares during the quarter. Alliancebernstein L.P.’s holdings in Camtek were worth $604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Jones Financial Companies Lllp raised its holdings in Camtek by 364.0% during the 4th quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 324 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Camtek during the third quarter worth $53,000. Optimum Investment Advisors raised its stake in Camtek by 43.3% during the fourth quarter. Optimum Investment Advisors now owns 2,150 shares of the semiconductor company’s stock worth $174,000 after buying an additional 650 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Camtek in the fourth quarter valued at $209,000. Finally, Prentiss Smith & Co. Inc. boosted its position in Camtek by 10.8% during the fourth quarter. Prentiss Smith & Co. Inc. now owns 2,786 shares of the semiconductor company’s stock valued at $225,000 after acquiring an additional 272 shares during the last quarter. 41.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CAMT has been the topic of a number of recent analyst reports. Northland Securities boosted their price objective on Camtek from $102.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Barclays dropped their price target on Camtek from $140.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. StockNews.com downgraded shares of Camtek from a “hold” rating to a “sell” rating in a research report on Monday, April 14th. Bank of America dropped their target price on shares of Camtek from $105.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Needham & Company LLC restated a “buy” rating and issued a $110.00 price target on shares of Camtek in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $107.50.

Camtek Stock Up 4.2 %

Camtek stock opened at $60.37 on Friday. The company has a current ratio of 5.00, a quick ratio of 4.11 and a debt-to-equity ratio of 0.36. The firm’s fifty day moving average price is $67.11 and its two-hundred day moving average price is $77.41. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 24.95, a price-to-earnings-growth ratio of 1.89 and a beta of 1.42. Camtek Ltd. has a 1-year low of $47.41 and a 1-year high of $140.50.

Camtek (NASDAQ:CAMT) last announced its earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.06). Camtek had a net margin of 27.61% and a return on equity of 24.99%. On average, equities research analysts predict that Camtek Ltd. will post 2.93 earnings per share for the current fiscal 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.