Blueshift Asset Management LLC Makes New $624,000 Investment in Camtek Ltd. (NASDAQ:CAMT)

Blueshift Asset Management LLC acquired a new stake in Camtek Ltd. (NASDAQ:CAMT) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 7,819 shares of the semiconductor company’s stock, valued at approximately $624,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Blue Trust Inc. lifted its stake in Camtek by 4.1% in the second quarter. Blue Trust Inc. now owns 2,721 shares of the semiconductor company’s stock valued at $341,000 after buying an additional 108 shares during the period. Petra Financial Advisors Inc. lifted its position in shares of Camtek by 1.5% during the 2nd quarter. Petra Financial Advisors Inc. now owns 8,290 shares of the semiconductor company’s stock valued at $1,038,000 after acquiring an additional 120 shares during the period. Advisors Asset Management Inc. boosted its stake in Camtek by 78.8% during the third quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 145 shares in the last quarter. Van ECK Associates Corp grew its holdings in Camtek by 1.6% in the third quarter. Van ECK Associates Corp now owns 9,561 shares of the semiconductor company’s stock worth $755,000 after purchasing an additional 148 shares during the period. Finally, Ellsworth Advisors LLC grew its holdings in Camtek by 3.4% in the second quarter. Ellsworth Advisors LLC now owns 7,393 shares of the semiconductor company’s stock worth $926,000 after purchasing an additional 245 shares during the period. Institutional investors own 41.93% of the company’s stock.

Camtek Stock Up 1.1 %

Shares of NASDAQ:CAMT opened at $71.89 on Thursday. The business’s 50 day moving average is $78.73 and its 200 day moving average is $95.12. Camtek Ltd. has a 12-month low of $59.33 and a 12-month high of $140.50. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 32.77, a PEG ratio of 1.30 and a beta of 1.38. The company has a quick ratio of 4.36, a current ratio of 5.28 and a debt-to-equity ratio of 0.38.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings data on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. The firm had revenue of $112.30 million for the quarter, compared to the consensus estimate of $108.51 million. Camtek had a net margin of 26.53% and a return on equity of 24.21%. The business’s revenue for the quarter was up 39.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 EPS. On average, sell-side analysts forecast that Camtek Ltd. will post 2.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

CAMT has been the topic of a number of research analyst reports. Northland Securities increased their price objective on shares of Camtek from $99.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Northland Capmk upgraded Camtek from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. Needham & Company LLC restated a “buy” rating and set a $95.00 price objective on shares of Camtek in a report on Wednesday, November 13th. StockNews.com raised Camtek from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, B. Riley reduced their price target on shares of Camtek from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $110.57.

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.