Semanteon Capital Management LP Takes $663,000 Position in Camtek Ltd. (NASDAQ:CAMT)

Semanteon Capital Management LP bought a new stake in Camtek Ltd. (NASDAQ:CAMT) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 9,553 shares of the semiconductor company’s stock, valued at approximately $663,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Optimum Investment Advisors boosted its stake in shares of Camtek by 15.0% in the 4th quarter. Optimum Investment Advisors now owns 1,725 shares of the semiconductor company’s stock valued at $120,000 after purchasing an additional 225 shares in the last quarter. BluePath Capital Management LLC acquired a new position in Camtek during the 3rd quarter worth about $31,000. Van ECK Associates Corp lifted its position in Camtek by 6.8% during the 3rd quarter. Van ECK Associates Corp now owns 8,381 shares of the semiconductor company’s stock worth $522,000 after buying an additional 533 shares in the last quarter. Legato Capital Management LLC lifted its position in Camtek by 8.6% during the 4th quarter. Legato Capital Management LLC now owns 8,510 shares of the semiconductor company’s stock worth $590,000 after buying an additional 675 shares in the last quarter. Finally, Truvestments Capital LLC lifted its position in Camtek by 9.2% during the 3rd quarter. Truvestments Capital LLC now owns 9,013 shares of the semiconductor company’s stock worth $561,000 after buying an additional 761 shares in the last quarter. Institutional investors and hedge funds own 41.93% of the company’s stock.

Camtek Trading Up 4.2 %

Shares of CAMT stock traded up $3.30 on Friday, reaching $82.16. The company had a trading volume of 256,853 shares, compared to its average volume of 420,423. The company has a current ratio of 5.66, a quick ratio of 4.77 and a debt-to-equity ratio of 0.41. The stock has a market cap of $3.69 billion, a PE ratio of 48.68, a PEG ratio of 2.66 and a beta of 1.41. The company has a 50-day moving average of $80.60 and a 200-day moving average of $71.37. Camtek Ltd. has a 12 month low of $25.38 and a 12 month high of $90.54.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings results on Tuesday, February 20th. The semiconductor company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.04. Camtek had a return on equity of 18.92% and a net margin of 24.93%. The company had revenue of $88.70 million during the quarter, compared to analysts’ expectations of $88.02 million. During the same period in the prior year, the business posted $0.45 EPS. Camtek’s revenue was up 7.9% on a year-over-year basis. On average, equities analysts forecast that Camtek Ltd. will post 2.12 earnings per share for the current year.

Camtek Announces Dividend

The company also recently declared a Variable dividend, which was paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th were given a dividend of $1.33 per share. The ex-dividend date of this dividend was Wednesday, April 3rd. Camtek’s dividend payout ratio (DPR) is currently 82.10%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. B. Riley reiterated a “buy” rating and set a $102.00 price target on shares of Camtek in a research report on Tuesday, March 26th. Barclays upped their price target on shares of Camtek from $82.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 21st. Finally, Evercore ISI assumed coverage on shares of Camtek in a research report on Tuesday, April 16th. They set an “outperform” rating and a $100.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $74.75.

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.