18,000 Shares in Camtek Ltd. (NASDAQ:CAMT) Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. acquired a new position in shares of Camtek Ltd. (NASDAQ:CAMT) during the first quarter, HoldingsChannel reports. The firm acquired 18,000 shares of the semiconductor company’s stock, valued at approximately $1,055,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp raised its holdings in shares of Camtek by 364.0% during the fourth quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 324 shares during the period. Huntington National Bank raised its holdings in shares of Camtek by 42.4% during the fourth quarter. Huntington National Bank now owns 413 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 123 shares during the period. State of Wyoming raised its holdings in shares of Camtek by 146.2% during the fourth quarter. State of Wyoming now owns 2,021 shares of the semiconductor company’s stock worth $163,000 after acquiring an additional 1,200 shares during the period. Optimum Investment Advisors raised its holdings in shares of Camtek by 43.3% during the fourth quarter. Optimum Investment Advisors now owns 2,150 shares of the semiconductor company’s stock worth $174,000 after acquiring an additional 650 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Camtek during the fourth quarter worth $209,000. 41.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CAMT has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Camtek from a “sell” rating to a “hold” rating in a report on Wednesday, May 21st. Needham & Company LLC decreased their target price on shares of Camtek from $110.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, May 14th. Barclays decreased their target price on shares of Camtek from $120.00 to $85.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. B. Riley raised their target price on shares of Camtek from $85.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, May 14th. Finally, Northland Securities set a $105.00 target price on shares of Camtek in a research report on Wednesday, May 14th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Camtek presently has a consensus rating of “Moderate Buy” and an average price target of $90.78.

Camtek Stock Performance

Shares of CAMT opened at $74.98 on Thursday. The firm has a 50-day moving average of $66.97 and a 200-day moving average of $74.32. Camtek Ltd. has a one year low of $47.41 and a one year high of $140.50. The company has a market cap of $3.42 billion, a PE ratio of 28.73, a price-to-earnings-growth ratio of 2.02 and a beta of 1.29. The company has a debt-to-equity ratio of 0.34, a current ratio of 5.28 and a quick ratio of 4.27.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings data on Tuesday, May 13th. The semiconductor company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. Camtek had a net margin of 28.40% and a return on equity of 24.57%. The company had revenue of $118.64 million during the quarter, compared to the consensus estimate of $119.00 million. During the same quarter last year, the firm posted $0.63 EPS. The company’s quarterly revenue was up 22.3% on a year-over-year basis. As a group, equities analysts forecast that Camtek Ltd. will post 2.93 earnings per share 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.