Oppenheimer Asset Management Inc. Makes New $1.10 Million Investment in Camtek Ltd. (NASDAQ:CAMT)

Oppenheimer Asset Management Inc. purchased a new position in shares of Camtek Ltd. (NASDAQ:CAMT) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 18,783 shares of the semiconductor company’s stock, valued at approximately $1,101,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CAMT. Jones Financial Companies Lllp raised its holdings 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 worth $33,000 after purchasing an additional 324 shares in the last quarter. Huntington National Bank raised its holdings in shares of Camtek by 42.4% in the 4th quarter. Huntington National Bank now owns 413 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 123 shares in the last quarter. State of Wyoming increased its holdings in shares of Camtek by 146.2% in the fourth quarter. State of Wyoming now owns 2,021 shares of the semiconductor company’s stock valued at $163,000 after buying an additional 1,200 shares in the last quarter. Optimum Investment Advisors increased its holdings in shares of Camtek by 43.3% in the fourth quarter. Optimum Investment Advisors now owns 2,150 shares of the semiconductor company’s stock valued at $174,000 after buying an additional 650 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of Camtek in the fourth quarter valued at $209,000. Institutional investors own 41.93% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on CAMT shares. Northland Securities set a $105.00 price objective on Camtek in a report on Wednesday, May 14th. Evercore ISI reduced their price target on shares of Camtek from $100.00 to $82.00 and set an “outperform” rating for the company in a research report on Wednesday, May 14th. Needham & Company LLC lowered their price objective on shares of Camtek from $110.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, May 14th. Barclays lowered their price objective on shares of Camtek from $120.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Finally, Bank of America lowered their price objective on shares of Camtek from $105.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Camtek presently has an average rating of “Moderate Buy” and an average target price of $88.56.

Camtek Price Performance

Camtek stock opened at $84.46 on Friday. Camtek Ltd. has a one year low of $47.41 and a one year high of $140.50. The company has a market capitalization of $3.85 billion, a PE ratio of 32.36, a price-to-earnings-growth ratio of 2.29 and a beta of 1.29. The business has a 50 day simple moving average of $69.76 and a 200 day simple moving average of $74.54. The company has a debt-to-equity ratio of 0.34, a current ratio of 5.28 and a quick ratio of 4.27.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings results on Tuesday, May 13th. The semiconductor company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. The business had revenue of $118.64 million during the quarter, compared to the consensus estimate of $119.00 million. Camtek had a net margin of 28.40% and a return on equity of 24.57%. Camtek’s revenue for the quarter was up 22.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.63 earnings per share. On average, sell-side analysts forecast that Camtek Ltd. will post 2.93 EPS for the current fiscal year.

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.