21,640 Shares in Camtek Ltd. $CAMT Bought by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC purchased a new stake in shares of Camtek Ltd. (NASDAQ:CAMT) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 21,640 shares of the semiconductor company’s stock, valued at approximately $2,301,000.

Other hedge funds have also recently made changes to their positions in the company. Advisors Asset Management Inc. grew its holdings in shares of Camtek by 61.6% during the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 293 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Camtek by 12.1% in the first quarter. Goldman Sachs Group Inc. now owns 149,223 shares of the semiconductor company’s stock worth $8,749,000 after purchasing an additional 16,117 shares during the last quarter. Geode Capital Management LLC lifted its stake in Camtek by 0.7% in the second quarter. Geode Capital Management LLC now owns 39,420 shares of the semiconductor company’s stock worth $3,333,000 after purchasing an additional 279 shares during the last quarter. Cetera Investment Advisers lifted its stake in Camtek by 4.7% in the second quarter. Cetera Investment Advisers now owns 4,841 shares of the semiconductor company’s stock worth $409,000 after purchasing an additional 217 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Camtek by 8.3% in the second quarter. Invesco Ltd. now owns 263,836 shares of the semiconductor company’s stock worth $22,310,000 after purchasing an additional 20,237 shares during the last quarter. 41.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CAMT has been the subject of several recent research reports. Northland Securities set a $174.00 price target on shares of Camtek in a research note on Wednesday, May 13th. Barclays boosted their price target on shares of Camtek from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Zacks Research raised shares of Camtek from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Needham & Company LLC boosted their price target on shares of Camtek from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Finally, B. Riley Financial reissued a “buy” rating on shares of Camtek in a research note on Monday, April 20th. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Camtek currently has an average rating of “Moderate Buy” and a consensus target price of $174.33.

Camtek Stock Up 4.2%

NASDAQ CAMT opened at $167.37 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 8.35 and a quick ratio of 7.46. The stock has a market capitalization of $7.67 billion, a PE ratio of 192.38, a PEG ratio of 4.03 and a beta of 1.61. Camtek Ltd. has a 1 year low of $62.88 and a 1 year high of $215.99. The business’s 50-day moving average is $173.12 and its 200 day moving average is $145.04.

Camtek (NASDAQ:CAMT) last released its quarterly earnings results on Tuesday, May 12th. The semiconductor company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. Camtek had a return on equity of 22.26% and a net margin of 9.63%.The business had revenue of $121.66 million during the quarter, compared to analyst estimates of $120.15 million. During the same quarter in the prior year, the company posted $0.79 EPS. Camtek’s quarterly revenue was up 2.6% compared to the same quarter last year. Sell-side analysts forecast that Camtek Ltd. will post 3.13 earnings per share for the current year.

Camtek Company Profile

Camtek Ltd. (NASDAQ: CAMT) is a provider of automated inspection and metrology solutions for the semiconductor and printed circuit board (PCB) industries. The company develops, manufactures and markets a suite of inline and stand-alone systems that perform high‐resolution 2D and 3D measurements, defect review and process control. Its products are used by integrated device manufacturers, foundries, OSAT (outsourced semiconductor assembly and test) providers, and PCB fabricators to optimize yield, improve product quality and reduce production costs.

Camtek’s core offerings include wafer inspection systems that detect and classify defects on patterned wafers, patterned wafer metrology tools for overlay and critical dimension measurements, and advanced packaging inspection platforms for 3D ICs and fan-out wafer-level packaging.