CogentBlue Wealth Advisors LLC Makes New $1.37 Million Investment in Camtek Ltd. (NASDAQ:CAMT)

CogentBlue Wealth Advisors LLC purchased a new stake in Camtek Ltd. (NASDAQ:CAMT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,000 shares of the semiconductor company’s stock, valued at approximately $1,373,000. Camtek makes up approximately 1.2% of CogentBlue Wealth Advisors LLC’s holdings, making the stock its 21st largest position.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Sanctuary Advisors LLC purchased a new stake in Camtek during the fourth quarter valued at about $209,000. State of New Jersey Common Pension Fund D raised its holdings in shares of Camtek by 1.5% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 25,150 shares of the semiconductor company’s stock valued at $2,031,000 after acquiring an additional 381 shares during the period. Van ECK Associates Corp raised its holdings in shares of Camtek by 10.5% during the fourth quarter. Van ECK Associates Corp now owns 10,566 shares of the semiconductor company’s stock valued at $853,000 after acquiring an additional 1,005 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Camtek by 25.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 144,465 shares of the semiconductor company’s stock valued at $11,668,000 after acquiring an additional 29,579 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its stake in Camtek by 32.6% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,135,453 shares of the semiconductor company’s stock worth $91,711,000 after purchasing an additional 279,000 shares during the period. Institutional investors and hedge funds own 41.93% of the company’s stock.

Analysts Set New Price Targets

CAMT has been the subject of several recent analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $105.00 target price on shares of Camtek in a research report on Thursday, December 12th. StockNews.com raised Camtek from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Barclays dropped their target price on Camtek from $140.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Needham & Company LLC restated a “buy” rating and set a $110.00 price target on shares of Camtek in a report on Thursday, February 13th. Finally, Cantor Fitzgerald assumed coverage on shares of Camtek in a research note on Monday, January 13th. They issued a “neutral” rating and a $100.00 price objective on the stock. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $114.11.

Camtek Price Performance

Shares of CAMT opened at $82.98 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.11 and a current ratio of 5.00. The firm has a market cap of $3.76 billion, a PE ratio of 34.29, a PEG ratio of 2.05 and a beta of 1.34. Camtek Ltd. has a twelve month low of $69.83 and a twelve month high of $140.50. The firm’s 50 day moving average price is $88.16 and its 200 day moving average price is $83.89.

Camtek (NASDAQ:CAMT) last released its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). Camtek had a net margin of 27.61% and a return on equity of 24.99%. As a group, research analysts expect that Camtek Ltd. will post 2.92 EPS for the current fiscal year.

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.