Prentiss Smith & Co. Inc. Buys 272 Shares of Camtek Ltd. (NASDAQ:CAMT)

Prentiss Smith & Co. Inc. boosted its stake in Camtek Ltd. (NASDAQ:CAMT) by 10.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,786 shares of the semiconductor company’s stock after purchasing an additional 272 shares during the quarter. Prentiss Smith & Co. Inc.’s holdings in Camtek were worth $225,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CAMT. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Camtek by 21.5% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,515,452 shares of the semiconductor company’s stock worth $121,734,000 after acquiring an additional 268,258 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Camtek by 9.3% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 963,874 shares of the semiconductor company’s stock worth $77,852,000 after purchasing an additional 81,709 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Camtek by 7.5% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 856,453 shares of the semiconductor company’s stock valued at $68,388,000 after purchasing an additional 60,088 shares in the last quarter. Two Sigma Advisers LP grew its position in shares of Camtek by 107.5% in the 3rd quarter. Two Sigma Advisers LP now owns 720,700 shares of the semiconductor company’s stock valued at $57,548,000 after purchasing an additional 373,400 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Camtek by 16.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 486,606 shares of the semiconductor company’s stock worth $38,855,000 after purchasing an additional 67,250 shares in the last quarter. Institutional investors and hedge funds own 41.93% of the company’s stock.

Camtek Trading Up 1.5 %

Shares of CAMT stock traded up $1.32 during trading hours on Wednesday, hitting $87.67. 70,078 shares of the company’s stock traded hands, compared to its average volume of 602,193. The stock has a market cap of $3.98 billion, a PE ratio of 40.55, a price-to-earnings-growth ratio of 1.66 and a beta of 1.33. Camtek Ltd. has a 12 month low of $69.83 and a 12 month high of $140.50. The stock’s 50 day simple moving average is $83.53 and its 200 day simple moving average is $85.86. 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 released its quarterly earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. Camtek had a return on equity of 24.21% and a net margin of 26.53%. The firm had revenue of $112.30 million for the quarter, compared to analyst estimates of $108.51 million. During the same quarter in the previous year, the company posted $0.46 EPS. The business’s revenue was up 39.5% on a year-over-year basis. On average, sell-side analysts anticipate that Camtek Ltd. will post 2.53 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CAMT. Cantor Fitzgerald initiated coverage on shares of Camtek in a research note on Monday, January 13th. They issued a “neutral” rating and a $100.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $95.00 target price on shares of Camtek in a research note on Wednesday, November 13th. Northland Securities lifted their price target on shares of Camtek from $102.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. StockNews.com raised shares of Camtek from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $105.00 price target on shares of Camtek in a report on Thursday, December 12th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $112.44.

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.