Raiffeisen Bank International AG Acquires 10,000 Shares of Camtek Ltd. $CAMT

Raiffeisen Bank International AG raised its holdings in Camtek Ltd. (NASDAQ:CAMT) by 11.8% in the third quarter, Holdings Channel.com reports. The fund owned 95,000 shares of the semiconductor company’s stock after acquiring an additional 10,000 shares during the quarter. Raiffeisen Bank International AG’s holdings in Camtek were worth $9,869,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Jefferies Financial Group Inc. acquired a new stake in shares of Camtek in the second quarter worth $338,000. SG Americas Securities LLC acquired a new position in shares of Camtek during the 3rd quarter worth about $1,503,000. Brown Capital Management LLC boosted its stake in Camtek by 1.2% during the 3rd quarter. Brown Capital Management LLC now owns 1,153,943 shares of the semiconductor company’s stock valued at $121,222,000 after purchasing an additional 13,806 shares during the period. Legal & General Group Plc grew its holdings in Camtek by 18.9% in the 2nd quarter. Legal & General Group Plc now owns 117,163 shares of the semiconductor company’s stock valued at $10,103,000 after buying an additional 18,584 shares during the last quarter. Finally, Y.D. More Investments Ltd increased its position in Camtek by 22.5% in the 2nd quarter. Y.D. More Investments Ltd now owns 644,657 shares of the semiconductor company’s stock worth $55,435,000 after buying an additional 118,226 shares during the period. Institutional investors and hedge funds own 41.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CAMT shares. Cantor Fitzgerald restated a “neutral” rating and issued a $120.00 price objective on shares of Camtek in a research note on Tuesday, December 16th. Bank of America boosted their price objective on shares of Camtek from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Wall Street Zen upgraded shares of Camtek from a “sell” rating to a “hold” rating in a research note on Sunday, January 11th. Stifel Nicolaus increased their price objective on Camtek from $120.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Northland Securities downgraded shares of Camtek from an “outperform” rating to a “market perform” rating and set a $150.00 price target on the stock. in a research report on Wednesday. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $165.92.

Camtek Trading Down 3.3%

NASDAQ:CAMT opened at $148.10 on Friday. The company has a current ratio of 8.35, a quick ratio of 6.52 and a debt-to-equity ratio of 0.84. Camtek Ltd. has a 1-year low of $47.41 and a 1-year high of $170.46. The firm has a market capitalization of $6.75 billion, a price-to-earnings ratio of 157.55, a PEG ratio of 3.30 and a beta of 1.57. The business’s 50-day moving average price is $134.06 and its two-hundred day moving average price is $113.30.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings results on Wednesday, February 18th. The semiconductor company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.02). The firm had revenue of $128.12 million during the quarter, compared to analyst estimates of $127.10 million. Camtek had a net margin of 10.23% and a return on equity of 23.61%. The business’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.77 earnings per share. On average, equities analysts expect that Camtek Ltd. will post 2.93 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.