8,627 Shares in Camtek Ltd. (NASDAQ:CAMT) Purchased by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. bought a new stake in Camtek Ltd. (NASDAQ:CAMT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 8,627 shares of the semiconductor company’s stock, valued at approximately $599,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lisanti Capital Growth LLC raised its position in shares of Camtek by 6.6% in the fourth quarter. Lisanti Capital Growth LLC now owns 73,840 shares of the semiconductor company’s stock valued at $5,123,000 after buying an additional 4,560 shares during the last quarter. Axxcess Wealth Management LLC raised its holdings in Camtek by 8.7% in the 4th quarter. Axxcess Wealth Management LLC now owns 10,910 shares of the semiconductor company’s stock valued at $757,000 after acquiring an additional 876 shares during the last quarter. Natixis Advisors L.P. purchased a new position in shares of Camtek during the 4th quarter worth $1,099,000. Semanteon Capital Management LP purchased a new position in shares of Camtek during the 4th quarter worth $663,000. Finally, State of New Jersey Common Pension Fund D boosted its holdings in shares of Camtek by 8.6% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 52,745 shares of the semiconductor company’s stock worth $3,659,000 after purchasing an additional 4,158 shares during the last quarter. 41.93% of the stock is currently owned by hedge funds and other institutional investors.

Camtek Trading Down 0.1 %

CAMT traded down $0.05 on Wednesday, reaching $84.37. 543,312 shares of the company’s stock were exchanged, compared to its average volume of 414,610. Camtek Ltd. has a twelve month low of $25.70 and a twelve month high of $90.54. The company’s 50 day moving average is $80.69 and its 200-day moving average is $72.96. The company has a debt-to-equity ratio of 0.41, a quick ratio of 4.77 and a current ratio of 5.66. The company has a market cap of $3.79 billion, a price-to-earnings ratio of 52.08, a PEG ratio of 2.86 and a beta of 1.39.

Camtek (NASDAQ:CAMT) last released its quarterly earnings data on Tuesday, February 20th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.04. The company had revenue of $88.70 million during the quarter, compared to analyst estimates of $88.02 million. Camtek had a net margin of 24.93% and a return on equity of 18.92%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 earnings per share. Equities analysts predict that Camtek Ltd. will post 2.12 earnings per share for the current year.

Camtek Announces Dividend

The business also recently disclosed a Variable dividend, which was paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th were paid a dividend of $1.33 per share. The ex-dividend date of this dividend was Wednesday, April 3rd. Camtek’s dividend payout ratio is presently 82.10%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CAMT shares. Evercore ISI began coverage on Camtek in a research report on Tuesday, April 16th. They set an “outperform” rating and a $100.00 target price on the stock. Barclays increased their price objective on shares of Camtek from $82.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, February 21st. Finally, B. Riley restated a “buy” rating and issued a $102.00 target price on shares of Camtek in a report on Tuesday, March 26th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Camtek presently has an average rating of “Moderate Buy” and a consensus target price of $74.75.

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.