LPL Financial LLC Cuts Holdings in Camtek Ltd. (NASDAQ:CAMT)

LPL Financial LLC trimmed its position in Camtek Ltd. (NASDAQ:CAMT) by 14.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,527 shares of the semiconductor company’s stock after selling 1,425 shares during the quarter. LPL Financial LLC’s holdings in Camtek were worth $689,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on CAMT. Northland Securities upped their target price on shares of Camtek from $102.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Barclays decreased their price objective on Camtek from $120.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday. Jefferies Financial Group dropped their target price on Camtek from $120.00 to $85.00 and set a “buy” rating for the company in a report on Friday, March 28th. StockNews.com lowered Camtek from a “hold” rating to a “sell” rating in a report on Monday, April 14th. Finally, Cantor Fitzgerald assumed coverage on Camtek in a research report on Monday, January 13th. They issued a “neutral” rating and a $100.00 price target for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Camtek presently has a consensus rating of “Moderate Buy” and an average target price of $103.13.

Camtek Stock Up 2.7 %

Shares of CAMT opened at $60.19 on Wednesday. The firm has a fifty day moving average price of $65.98 and a 200-day moving average price of $77.13. 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 has a market capitalization of $2.74 billion, a P/E ratio of 24.87, a P/E/G ratio of 1.89 and a beta of 1.42. Camtek Ltd. has a 12-month low of $47.41 and a 12-month high of $140.50.

Camtek (NASDAQ:CAMT) last released its quarterly earnings data 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%. Equities research analysts expect that Camtek Ltd. will post 2.93 earnings per share for the current year.

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.