Aberdeen Group plc Has $16.23 Million Position in Camtek Ltd. $CAMT

Aberdeen Group plc lowered its holdings in Camtek Ltd. (NASDAQ:CAMT) by 20.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 152,657 shares of the semiconductor company’s stock after selling 38,126 shares during the quarter. Aberdeen Group plc owned about 0.33% of Camtek worth $16,234,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Blue Trust Inc. boosted its stake in Camtek by 2.8% in the third quarter. Blue Trust Inc. now owns 5,877 shares of the semiconductor company’s stock worth $617,000 after purchasing an additional 161 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Camtek by 4.7% during the second quarter. Cetera Investment Advisers now owns 4,841 shares of the semiconductor company’s stock worth $409,000 after acquiring an additional 217 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Camtek by 0.7% during the second quarter. Geode Capital Management LLC now owns 39,420 shares of the semiconductor company’s stock worth $3,333,000 after acquiring an additional 279 shares during the last quarter. Palisades Investment Partners LLC raised its position in shares of Camtek by 4.7% during the third quarter. Palisades Investment Partners LLC now owns 6,299 shares of the semiconductor company’s stock worth $662,000 after acquiring an additional 284 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its position in shares of Camtek by 61.6% during the first quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 293 shares during the last quarter. Institutional investors and hedge funds own 41.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Bank of America upped their price objective on Camtek from $140.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Stifel Nicolaus upped their price objective on Camtek from $120.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $120.00 price objective on shares of Camtek in a report on Tuesday, December 16th. B. Riley Financial upped their price objective on Camtek from $145.00 to $175.00 and gave the company a “buy” rating in a report on Monday, January 26th. Finally, Zacks Research upgraded Camtek from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $166.75.

Camtek Stock Performance

Shares of NASDAQ CAMT opened at $159.12 on Tuesday. The stock has a 50 day moving average price of $157.20 and a 200 day moving average price of $130.50. Camtek Ltd. has a 52 week low of $49.85 and a 52 week high of $180.83. The company has a debt-to-equity ratio of 0.84, a quick ratio of 7.31 and a current ratio of 8.35. The stock has a market capitalization of $7.29 billion, a PE ratio of 169.28, a price-to-earnings-growth ratio of 3.71 and a beta of 1.56.

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

About Camtek

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.