Millennium Management LLC bought a new position in shares of Camtek LTD. (NASDAQ:CAMT) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 147,760 shares of the semiconductor company’s stock, valued at approximately $1,086,000. Millennium Management LLC owned about 0.41% of Camtek as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Campbell & CO Investment Adviser LLC acquired a new stake in Camtek in the 2nd quarter worth about $201,000. Fortaleza Asset Management Inc. acquired a new stake in Camtek in the 2nd quarter worth about $122,000. Acadian Asset Management LLC raised its stake in Camtek by 539.6% in the 2nd quarter. Acadian Asset Management LLC now owns 175,163 shares of the semiconductor company’s stock worth $1,286,000 after purchasing an additional 147,776 shares in the last quarter. Renaissance Technologies LLC raised its stake in Camtek by 10.9% in the 2nd quarter. Renaissance Technologies LLC now owns 1,271,500 shares of the semiconductor company’s stock worth $9,346,000 after purchasing an additional 125,000 shares in the last quarter. Finally, Macquarie Group Ltd. acquired a new stake in Camtek in the 2nd quarter worth about $347,000. Institutional investors own 22.47% of the company’s stock.
CAMT stock opened at $8.15 on Friday. Camtek LTD. has a 12 month low of $5.15 and a 12 month high of $11.11. The stock has a market capitalization of $295.00 million, a price-to-earnings ratio of 17.72 and a beta of 1.31.
Camtek (NASDAQ:CAMT) last released its earnings results on Wednesday, October 31st. The semiconductor company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. Camtek had a net margin of 13.65% and a return on equity of 18.87%. The firm had revenue of $32.30 million for the quarter, compared to analyst estimates of $31.75 million. The firm’s quarterly revenue was up 35.7% on a year-over-year basis. On average, equities research analysts predict that Camtek LTD. will post 0.53 earnings per share for the current year.
Several analysts have weighed in on the stock. BidaskClub upgraded shares of Camtek from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. B. Riley lifted their price objective on shares of Camtek from $10.00 to $10.50 and gave the stock a “buy” rating in a research note on Thursday. Zacks Investment Research upgraded shares of Camtek from a “sell” rating to a “hold” rating and set a $9.25 price objective for the company in a research note on Wednesday, August 1st. Finally, ValuEngine cut shares of Camtek from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Camtek presently has a consensus rating of “Buy” and a consensus price target of $9.44.
Camtek Ltd. provides inspection and metrology solutions for the semiconductor industry in the Asia Pacific, North America, and Europe. The company provides solutions based on its advanced image processing, motion control, material handling, and optics related technologies. It designs, develops, manufactures, and markets automatic optical inspection (AOI) systems that optically inspect and measure various types of semiconductors wafers.
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