Analog Century Management LP Decreases Holdings in Camtek Ltd. $CAMT

Analog Century Management LP reduced its position in Camtek Ltd. (NASDAQ:CAMT) by 2.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 604,259 shares of the semiconductor company’s stock after selling 14,484 shares during the quarter. Camtek comprises approximately 3.4% of Analog Century Management LP’s investment portfolio, making the stock its 19th biggest holding. Analog Century Management LP owned about 1.33% of Camtek worth $63,477,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Jefferies Financial Group Inc. acquired a new stake in Camtek during the 2nd quarter worth about $338,000. SG Americas Securities LLC acquired a new position in shares of Camtek in the third quarter valued at about $1,503,000. Brown Capital Management LLC raised its stake in shares of Camtek by 1.2% in the third quarter. Brown Capital Management LLC now owns 1,153,943 shares of the semiconductor company’s stock worth $121,222,000 after purchasing an additional 13,806 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Camtek by 18.9% during the second quarter. Legal & General Group Plc now owns 117,163 shares of the semiconductor company’s stock worth $10,103,000 after purchasing an additional 18,584 shares during the period. Finally, Vanguard Group Inc. boosted its position in Camtek by 1.5% in the third quarter. Vanguard Group Inc. now owns 1,079,022 shares of the semiconductor company’s stock valued at $113,454,000 after buying an additional 15,432 shares during the last quarter. 41.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group restated a “neutral” rating and set a $145.00 target price on shares of Camtek in a research report on Wednesday, February 18th. Northland Securities lowered Camtek from an “outperform” rating to a “market perform” rating and set a $150.00 price objective for the company. in a research note on Wednesday, February 18th. Needham & Company LLC boosted their price objective on Camtek from $160.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Stifel Nicolaus upped their target price on Camtek from $120.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $120.00 price target on shares of Camtek in a research report on Tuesday, December 16th. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Camtek currently has a consensus rating of “Moderate Buy” and an average target price of $165.92.

Camtek Stock Performance

Shares of CAMT opened at $148.98 on Friday. The company’s 50 day simple moving average is $149.75 and its 200-day simple moving average is $121.26. The firm has a market cap of $6.79 billion, a PE ratio of 158.49, a price-to-earnings-growth ratio of 3.61 and a beta of 1.53. Camtek Ltd. has a 12-month low of $47.41 and a 12-month high of $174.61. The company has a current ratio of 8.35, a quick ratio of 7.31 and a debt-to-equity ratio of 0.84.

Camtek (NASDAQ:CAMT) last announced its earnings results on Wednesday, February 18th. The semiconductor company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.02). The business had revenue of $128.12 million during the quarter, compared to analysts’ expectations of $127.10 million. Camtek had a net margin of 10.23% and a return on equity of 23.61%. Camtek’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.77 earnings per share. As a group, equities analysts predict that Camtek Ltd. will post 2.93 EPS for the current year.

Camtek Profile

Camtek Ltd. (NASDAQ: CAMT) is a provider of automated inspection and metrology solutions for the semiconductor and printed circuit board (PCB) industries. The company develops, manufactures and markets a suite of inline and stand-alone systems that perform high‐resolution 2D and 3D measurements, defect review and process control. Its products are used by integrated device manufacturers, foundries, OSAT (outsourced semiconductor assembly and test) providers, and PCB fabricators to optimize yield, improve product quality and reduce production costs.

Camtek’s core offerings include wafer inspection systems that detect and classify defects on patterned wafers, patterned wafer metrology tools for overlay and critical dimension measurements, and advanced packaging inspection platforms for 3D ICs and fan-out wafer-level packaging.