Navellier & Associates Inc. Has $799,000 Stake in Camtek Ltd. (NASDAQ:CAMT)

Navellier & Associates Inc. decreased its stake in Camtek Ltd. (NASDAQ:CAMT) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,889 shares of the semiconductor company’s stock after selling 197 shares during the quarter. Navellier & Associates Inc.’s holdings in Camtek were worth $799,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Advisors Asset Management Inc. boosted its stake in Camtek by 78.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 145 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Camtek in the 3rd quarter valued at $53,000. Sanctuary Advisors LLC acquired a new stake in Camtek in the 4th quarter valued at $209,000. Prentiss Smith & Co. Inc. boosted its stake in Camtek by 10.8% in the 4th quarter. Prentiss Smith & Co. Inc. now owns 2,786 shares of the semiconductor company’s stock valued at $225,000 after buying an additional 272 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in Camtek by 77.3% in the 3rd quarter. Stifel Financial Corp now owns 3,151 shares of the semiconductor company’s stock valued at $252,000 after buying an additional 1,374 shares in the last quarter. Institutional investors and hedge funds own 41.93% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on CAMT shares. Cantor Fitzgerald started coverage on Camtek in a research report on Monday, January 13th. They issued a “neutral” rating and a $100.00 price objective for the company. Northland Securities lifted their price objective on Camtek from $102.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Needham & Company LLC reiterated a “buy” rating and issued a $110.00 price objective on shares of Camtek in a research report on Thursday, February 13th. StockNews.com upgraded Camtek from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $105.00 price objective on shares of Camtek in a research report on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $114.11.

Camtek Trading Down 4.7 %

CAMT stock opened at $76.11 on Friday. The company has a market cap of $3.45 billion, a P/E ratio of 31.45, a PEG ratio of 1.89 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 company has a quick ratio of 4.11, a current ratio of 5.00 and a debt-to-equity ratio of 0.36. The business has a fifty day moving average of $88.30 and a 200-day moving average of $83.77.

Camtek (NASDAQ:CAMT) last released its 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 return on equity of 24.99% and a net margin of 27.61%. As a group, equities research analysts expect that Camtek Ltd. will post 2.93 EPS for the current 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.