Wilmington Savings Fund Society FSB Acquires New Shares in Camtek Ltd. (NASDAQ:CAMT)

Wilmington Savings Fund Society FSB purchased a new position in Camtek Ltd. (NASDAQ:CAMT) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 668 shares of the semiconductor company’s stock, valued at approximately $53,000.

Several other large investors also recently made changes to their positions in CAMT. Advisors Asset Management Inc. boosted its position 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 purchasing an additional 145 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Camtek by 23,300.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company’s stock valued at $59,000 after purchasing an additional 466 shares during the last quarter. Gateway Wealth Partners LLC bought a new position in shares of Camtek in the second quarter worth about $220,000. Susquehanna International Group Ltd. acquired a new position in shares of Camtek during the 2nd quarter worth about $237,000. Finally, Maven Securities LTD bought a new stake in Camtek during the 2nd quarter valued at approximately $241,000. Institutional investors own 41.93% of the company’s stock.

Camtek Stock Performance

Camtek stock opened at $83.36 on Friday. The firm has a market capitalization of $3.78 billion, a P/E ratio of 38.41, a P/E/G ratio of 1.36 and a beta of 1.34. The stock has a fifty day moving average price of $77.72 and a two-hundred day moving average price of $91.93. Camtek Ltd. has a 52-week low of $63.11 and a 52-week high of $140.50. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.28 and a quick ratio of 4.36.

Camtek (NASDAQ:CAMT) last released its quarterly earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. The firm had revenue of $112.30 million during the quarter, compared to analysts’ expectations of $108.51 million. Camtek had a return on equity of 24.21% and a net margin of 26.53%. The business’s revenue was up 39.5% on a year-over-year basis. During the same period last year, the firm posted $0.46 EPS. As a group, analysts anticipate that Camtek Ltd. will post 2.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. StockNews.com raised Camtek from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Stifel Nicolaus reiterated a “buy” rating and set a $105.00 target price on shares of Camtek in a research note on Thursday, December 12th. Needham & Company LLC restated a “buy” rating and issued a $95.00 price target on shares of Camtek in a research report on Wednesday, November 13th. Finally, Northland Securities upped their price objective on shares of Camtek from $99.00 to $102.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Camtek currently has an average rating of “Buy” and an average price target of $109.88.

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.