Truvestments Capital LLC Grows Stock Position in Camtek Ltd. (NASDAQ:CAMT)

Truvestments Capital LLC increased its stake in Camtek Ltd. (NASDAQ:CAMT) by 7.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,813 shares of the semiconductor company’s stock after buying an additional 799 shares during the quarter. Truvestments Capital LLC’s holdings in Camtek were worth $943,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CAMT. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Camtek by 21.5% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,515,452 shares of the semiconductor company’s stock worth $121,734,000 after acquiring an additional 268,258 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Camtek by 7.5% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 856,453 shares of the semiconductor company’s stock worth $68,388,000 after purchasing an additional 60,088 shares during the last quarter. Y.D. More Investments Ltd boosted its position in shares of Camtek by 723.7% during the second quarter. Y.D. More Investments Ltd now owns 626,973 shares of the semiconductor company’s stock valued at $78,709,000 after buying an additional 550,854 shares during the period. Meitav Investment House Ltd. grew its stake in shares of Camtek by 14.1% during the third quarter. Meitav Investment House Ltd. now owns 373,044 shares of the semiconductor company’s stock valued at $29,887,000 after buying an additional 46,016 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Camtek by 34.0% in the second quarter. Millennium Management LLC now owns 217,617 shares of the semiconductor company’s stock worth $27,254,000 after buying an additional 55,234 shares during the period. 41.93% of the stock is owned by hedge funds and other institutional investors.

Camtek Stock Performance

Shares of NASDAQ:CAMT opened at $74.57 on Monday. The firm has a 50 day moving average of $78.92 and a 200 day moving average of $95.40. The company has a quick ratio of 4.36, a current ratio of 5.28 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 34.53, a price-to-earnings-growth ratio of 1.36 and a beta of 1.38. Camtek Ltd. has a 52 week low of $59.33 and a 52 week high of $140.50.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings data on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. The firm had revenue of $112.30 million during the quarter, compared to analysts’ expectations of $108.51 million. Camtek had a return on equity of 24.21% and a net margin of 26.53%. The firm’s quarterly revenue was up 39.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 EPS. On average, sell-side analysts predict that Camtek Ltd. will post 2.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CAMT has been the subject of a number of recent analyst reports. StockNews.com upgraded Camtek from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Northland Securities boosted their target price on shares of Camtek from $99.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. B. Riley reduced their price target on shares of Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Needham & Company LLC reiterated a “buy” rating and set a $95.00 price objective on shares of Camtek in a report on Wednesday, November 13th. Finally, Northland Capmk upgraded shares of Camtek from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Camtek presently has an average rating of “Buy” and an average price target of $110.57.

Camtek Profile

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.