Zurcher Kantonalbank Zurich Cantonalbank Has $1.45 Million Stock Position in Camtek Ltd. (NASDAQ:CAMT)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Camtek Ltd. (NASDAQ:CAMT) by 27.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 11,564 shares of the semiconductor company’s stock after buying an additional 2,497 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Camtek were worth $1,448,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Natixis Advisors L.P. acquired a new stake in Camtek in the fourth quarter valued at about $1,099,000. Axxcess Wealth Management LLC boosted its stake in Camtek by 8.7% in the fourth quarter. Axxcess Wealth Management LLC now owns 10,910 shares of the semiconductor company’s stock valued at $757,000 after buying an additional 876 shares in the last quarter. Lisanti Capital Growth LLC boosted its stake in Camtek by 6.6% in the fourth quarter. Lisanti Capital Growth LLC now owns 73,840 shares of the semiconductor company’s stock valued at $5,123,000 after buying an additional 4,560 shares in the last quarter. E Fund Management Co. Ltd. acquired a new stake in Camtek in the fourth quarter valued at about $599,000. Finally, Altshuler Shaham Ltd boosted its stake in Camtek by 397.6% in the fourth quarter. Altshuler Shaham Ltd now owns 55,251 shares of the semiconductor company’s stock valued at $3,837,000 after buying an additional 44,148 shares in the last quarter. 41.93% of the stock is owned by institutional investors and hedge funds.

Camtek Trading Down 2.2 %

NASDAQ:CAMT opened at $91.02 on Tuesday. The firm’s fifty day moving average is $107.47 and its 200-day moving average is $96.14. The company has a debt-to-equity ratio of 0.42, a quick ratio of 4.29 and a current ratio of 5.21. Camtek Ltd. has a 52 week low of $48.50 and a 52 week high of $140.50. The firm has a market cap of $4.09 billion, a P/E ratio of 51.42, a P/E/G ratio of 1.88 and a beta of 1.41.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. Camtek had a net margin of 25.93% and a return on equity of 22.57%. The company had revenue of $102.60 million for the quarter, compared to analyst estimates of $101.26 million. During the same period in the prior year, the firm posted $0.38 EPS. The company’s quarterly revenue was up 39.4% on a year-over-year basis. Equities analysts expect that Camtek Ltd. will post 2.45 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on CAMT shares. Needham & Company LLC reiterated a “buy” rating and issued a $140.00 target price on shares of Camtek in a research report on Friday, August 2nd. Northland Capmk upgraded Camtek from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. Northland Securities upgraded Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 target price for the company in a research report on Monday, August 5th. Jefferies Financial Group started coverage on Camtek in a research report on Monday, May 13th. They issued a “buy” rating and a $120.00 target price for the company. Finally, B. Riley dropped their target price on Camtek from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Camtek currently has an average rating of “Buy” and an average target price of $116.57.

Camtek Company 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.