State Street Corp Has $993,000 Stock Position in Camtek Ltd. (NASDAQ:CAMT)

State Street Corp cut its stake in Camtek Ltd. (NASDAQ:CAMT) by 43.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 12,433 shares of the semiconductor company’s stock after selling 9,460 shares during the quarter. State Street Corp’s holdings in Camtek were worth $993,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of CAMT. Bank of New York Mellon Corp lifted its holdings in Camtek by 551.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 17,864 shares of the semiconductor company’s stock valued at $2,237,000 after purchasing an additional 15,120 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Camtek by 49.1% in the second quarter. Commonwealth Equity Services LLC now owns 5,484 shares of the semiconductor company’s stock valued at $687,000 after acquiring an additional 1,805 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Camtek by 9.9% in the 2nd quarter. Van ECK Associates Corp now owns 9,413 shares of the semiconductor company’s stock worth $1,179,000 after acquiring an additional 848 shares in the last quarter. Y.D. More Investments Ltd grew its position in Camtek by 723.7% during the 2nd quarter. Y.D. More Investments Ltd now owns 626,973 shares of the semiconductor company’s stock worth $78,709,000 after acquiring an additional 550,854 shares during the last quarter. Finally, O Neil Global Advisors Inc. bought a new stake in Camtek during the 2nd quarter worth approximately $627,000. Institutional investors own 41.93% of the company’s stock.

Camtek Trading Up 0.1 %

Shares of NASDAQ CAMT opened at $80.85 on Friday. The company’s 50 day simple moving average is $77.80 and its 200 day simple moving average is $90.22. 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 Ltd. has a fifty-two week low of $65.18 and a fifty-two week high of $140.50. The firm has a market capitalization of $3.67 billion, a P/E ratio of 37.26, a P/E/G ratio of 1.36 and a beta of 1.35.

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

Analyst Upgrades and Downgrades

CAMT has been the subject of several research analyst reports. Northland Securities lifted their price objective on Camtek from $99.00 to $102.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. StockNews.com upgraded shares of Camtek from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Needham & Company LLC reissued a “buy” rating and set a $95.00 price objective on shares of Camtek in a report on Wednesday, November 13th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $105.00 target price on shares of Camtek in a research note on Thursday, December 12th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $109.88.

Camtek 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.