Raiffeisen Bank International AG Trims Position in Camtek Ltd. (NASDAQ:CAMT)

Raiffeisen Bank International AG trimmed its holdings in Camtek Ltd. (NASDAQ:CAMT) by 10.5% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 85,000 shares of the semiconductor company’s stock after selling 10,000 shares during the period. Raiffeisen Bank International AG owned 0.19% of Camtek worth $5,015,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CAMT. Vanguard Group Inc. raised its holdings in shares of Camtek by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 983,986 shares of the semiconductor company’s stock valued at $80,028,000 after buying an additional 14,702 shares during the last quarter. Norges Bank purchased a new position in Camtek during the fourth quarter worth about $4,551,000. Wellington Management Group LLP raised its holdings in Camtek by 45.6% during the fourth quarter. Wellington Management Group LLP now owns 148,590 shares of the semiconductor company’s stock worth $12,002,000 after purchasing an additional 46,512 shares in the last quarter. Franklin Resources Inc. raised its holdings in Camtek by 9.1% during the fourth quarter. Franklin Resources Inc. now owns 329,882 shares of the semiconductor company’s stock worth $26,645,000 after purchasing an additional 27,529 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Camtek by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 39,117 shares of the semiconductor company’s stock worth $3,159,000 after purchasing an additional 360 shares in the last quarter. 41.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Oppenheimer assumed coverage on shares of Camtek in a report on Wednesday, July 2nd. They set an “outperform” rating and a $100.00 price target for the company. B. Riley increased their price target on shares of Camtek from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, May 14th. Cantor Fitzgerald set a $80.00 price target on shares of Camtek and gave the stock a “neutral” rating in a report on Tuesday, June 24th. Barclays cut their price target on shares of Camtek from $120.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Finally, Stifel Nicolaus increased their price target on shares of Camtek from $84.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, July 7th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $89.00.

Camtek Trading Up 1.4%

Shares of Camtek stock opened at $95.50 on Monday. Camtek Ltd. has a 12-month low of $47.41 and a 12-month high of $110.73. The company has a current ratio of 5.28, a quick ratio of 4.27 and a debt-to-equity ratio of 0.34. The stock has a market cap of $4.35 billion, a PE ratio of 36.59, a price-to-earnings-growth ratio of 2.60 and a beta of 1.31. The company has a 50-day moving average of $82.59 and a two-hundred day moving average of $75.76.

Camtek (NASDAQ:CAMT) last released its quarterly earnings results on Tuesday, May 13th. The semiconductor company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.77 by $0.02. The business had revenue of $118.64 million for the quarter, compared to analyst estimates of $119.00 million. Camtek had a net margin of 28.40% and a return on equity of 24.57%. The company’s quarterly revenue was up 22.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.63 earnings per share. On average, research analysts anticipate that Camtek Ltd. will post 2.93 EPS 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.