Federated Hermes Inc. Cuts Stock Holdings in Camtek Ltd. (NASDAQ:CAMT)

Federated Hermes Inc. lowered its stake in Camtek Ltd. (NASDAQ:CAMT) by 5.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 610,000 shares of the semiconductor company’s stock after selling 32,528 shares during the quarter. Federated Hermes Inc.’s holdings in Camtek were worth $35,764,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CAMT. Huntington National Bank boosted its holdings in Camtek by 42.4% in the fourth quarter. Huntington National Bank now owns 413 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 123 shares during the last quarter. State of Wyoming boosted its holdings in Camtek by 146.2% in the fourth quarter. State of Wyoming now owns 2,021 shares of the semiconductor company’s stock worth $163,000 after purchasing an additional 1,200 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Camtek by 9.0% during the 1st quarter. Blue Trust Inc. now owns 4,237 shares of the semiconductor company’s stock worth $248,000 after acquiring an additional 351 shares during the last quarter. TD Asset Management Inc boosted its stake in shares of Camtek by 23.4% during the 1st quarter. TD Asset Management Inc now owns 5,474 shares of the semiconductor company’s stock worth $313,000 after acquiring an additional 1,039 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of Camtek by 3.3% during the 4th quarter. Cetera Investment Advisers now owns 5,288 shares of the semiconductor company’s stock worth $427,000 after acquiring an additional 171 shares during the last quarter. Hedge funds and other institutional investors own 41.93% of the company’s stock.

Camtek Stock Performance

Shares of NASDAQ CAMT opened at $98.35 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.27 and a current ratio of 5.28. The company has a market cap of $4.48 billion, a P/E ratio of 37.68, a P/E/G ratio of 2.68 and a beta of 1.34. The firm’s fifty day moving average is $80.72 and its two-hundred day moving average is $75.79. Camtek Ltd. has a 52-week low of $47.41 and a 52-week high of $110.73.

Camtek (NASDAQ:CAMT) last posted its earnings results on Tuesday, May 13th. The semiconductor company reported $0.79 earnings per share for the quarter, topping 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 firm had revenue of $118.64 million for the quarter, compared to the consensus estimate of $119.00 million. During the same period in the previous year, the firm posted $0.63 EPS. The business’s quarterly revenue was up 22.3% on a year-over-year basis. As a group, analysts anticipate that Camtek Ltd. will post 2.93 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CAMT shares. Cantor Fitzgerald set a $80.00 price target on shares of Camtek and gave the stock a “neutral” rating in a research note on Tuesday, June 24th. Northland Securities set a $105.00 price target on shares of Camtek in a research note on Wednesday, May 14th. Oppenheimer assumed coverage on shares of Camtek in a research note on Wednesday, July 2nd. They set an “outperform” rating and a $100.00 price target on the stock. Stifel Nicolaus raised their price objective on shares of Camtek from $84.00 to $98.00 and gave the company a “buy” rating in a research report on Monday, July 7th. Finally, Wall Street Zen upgraded shares of Camtek from a “sell” rating to a “hold” rating in a research report on Wednesday, May 21st. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $89.00.

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.