Polar Asset Management Partners Inc. Buys New Position in Camtek Ltd. $CAMT

Polar Asset Management Partners Inc. bought a new stake in Camtek Ltd. (NASDAQ:CAMT) during the 3rd quarter, Holdings Channel.com reports. The firm bought 31,249 shares of the semiconductor company’s stock, valued at approximately $3,283,000.

Other hedge funds also recently made changes to their positions in the company. Jefferies Financial Group Inc. bought a new stake in shares of Camtek in the second quarter worth $338,000. SG Americas Securities LLC acquired a new position in Camtek during the third quarter worth $1,503,000. Brown Capital Management LLC grew its position in Camtek by 1.2% in the third 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 in the last quarter. Vanguard Group Inc. grew its position in Camtek by 1.5% in the third quarter. Vanguard Group Inc. now owns 1,079,022 shares of the semiconductor company’s stock valued at $113,454,000 after purchasing an additional 15,432 shares in the last quarter. Finally, Legal & General Group Plc increased its stake 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. 41.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CAMT shares. Zacks Research raised shares of Camtek from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Barclays raised their price objective on Camtek from $155.00 to $175.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Stifel Nicolaus upped their target price on Camtek from $120.00 to $185.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Oppenheimer increased their price target on Camtek from $120.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, February 19th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $145.00 price target on shares of Camtek in a research note on Wednesday, February 18th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Camtek currently has an average rating of “Moderate Buy” and a consensus price target of $165.92.

Camtek Stock Performance

Shares of CAMT opened at $172.25 on Friday. The company has a market cap of $7.85 billion, a PE ratio of 183.25, a price-to-earnings-growth ratio of 3.94 and a beta of 1.53. The firm has a 50-day moving average of $152.40 and a 200-day moving average of $123.41. Camtek Ltd. has a one year low of $47.41 and a one year high of $174.61. The company has a debt-to-equity ratio of 0.84, a current ratio of 8.35 and a quick ratio of 7.31.

Camtek (NASDAQ:CAMT) last issued its earnings results on Wednesday, February 18th. The semiconductor company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.02). Camtek had a net margin of 10.23% and a return on equity of 23.61%. The firm had revenue of $128.12 million during the quarter, compared to the consensus estimate of $127.10 million. During the same period in the previous year, the company posted $0.77 earnings per share. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, equities analysts forecast 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.