Envestnet Asset Management Inc. Decreases Position in Camtek Ltd. (NASDAQ:CAMT)

Envestnet Asset Management Inc. reduced its stake in Camtek Ltd. (NASDAQ:CAMT) by 18.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,152 shares of the semiconductor company’s stock after selling 2,469 shares during the period. Envestnet Asset Management Inc.’s holdings in Camtek were worth $901,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CAMT. Jones Financial Companies Lllp grew its position in shares of Camtek by 364.0% in the 4th quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 324 shares during the last quarter. Huntington National Bank boosted its stake in Camtek by 42.4% in the fourth quarter. Huntington National Bank now owns 413 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Camtek during the third quarter worth about $53,000. Optimum Investment Advisors increased its position in shares of 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 purchasing an additional 650 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Camtek in the 4th quarter valued at about $209,000. Institutional investors and hedge funds own 41.93% of the company’s stock.

Camtek Stock Up 0.8 %

Shares of NASDAQ:CAMT opened at $65.88 on Friday. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 27.22, a PEG ratio of 1.89 and a beta of 1.42. Camtek Ltd. has a fifty-two week low of $47.41 and a fifty-two week high of $140.50. The firm’s 50-day simple moving average is $63.66 and its 200-day simple moving average is $76.36. The company has a quick ratio of 4.11, a current ratio of 5.00 and a debt-to-equity ratio of 0.36.

Camtek (NASDAQ:CAMT) last released 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 return on equity of 24.99% and a net margin of 27.61%. As a group, equities research analysts predict that Camtek Ltd. will post 2.93 earnings per share for the current year.

Analyst Ratings Changes

CAMT has been the topic of a number of research reports. Bank of America dropped their price target on Camtek from $105.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Barclays cut their target price on shares of Camtek from $120.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Northland Securities increased their price target on shares of Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Cantor Fitzgerald began coverage on shares of Camtek in a research note on Monday, January 13th. They issued a “neutral” rating and a $100.00 price objective on the stock. Finally, Jefferies Financial Group decreased their target price on shares of Camtek from $120.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Two analysts have rated the stock with 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.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $103.13.

Camtek 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.