3,930 Shares in Camtek Ltd. $CAMT Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new stake in shares of Camtek Ltd. (NASDAQ:CAMT) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,930 shares of the semiconductor company’s stock, valued at approximately $582,000.

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

Camtek Price Performance

Shares of NASDAQ CAMT opened at $132.46 on Friday. Camtek Ltd. has a fifty-two week low of $75.75 and a fifty-two week high of $215.99. The firm’s 50-day simple moving average is $161.29 and its 200 day simple moving average is $162.62. The company has a quick ratio of 7.46, a current ratio of 8.35 and a debt-to-equity ratio of 0.71. The stock has a market cap of $6.18 billion, a P/E ratio of 152.25, a P/E/G ratio of 3.29 and a beta of 1.55.

Camtek (NASDAQ:CAMT) last announced its earnings results on Tuesday, May 12th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. The firm had revenue of $121.66 million during the quarter, compared to analyst estimates of $120.15 million. Camtek had a net margin of 9.63% and a return on equity of 22.26%. Camtek’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.79 EPS. Equities analysts expect that Camtek Ltd. will post 3.14 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on CAMT shares. Morgan Stanley increased their price objective on shares of Camtek from $163.00 to $167.00 and gave the stock an “equal weight” rating in a report on Monday, July 6th. Jefferies Financial Group upped their target price on shares of Camtek from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Needham & Company LLC raised their price target on shares of Camtek from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Evercore restated an “outperform” rating and issued a $200.00 price target on shares of Camtek in a research note on Wednesday, May 13th. Finally, Barclays lifted their price target on Camtek from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $174.67.

Camtek 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.