Cynosure Group LLC Sells 374 Shares of Camtek Ltd. (NASDAQ:CAMT)

Cynosure Group LLC cut its holdings in shares of Camtek Ltd. (NASDAQ:CAMT) by 8.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,056 shares of the semiconductor company’s stock after selling 374 shares during the quarter. Cynosure Group LLC’s holdings in Camtek were worth $328,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Huntington National Bank raised its position in Camtek by 42.4% in the 4th 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 period. Geode Capital Management LLC grew its stake in shares of Camtek by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 39,117 shares of the semiconductor company’s stock valued at $3,159,000 after buying an additional 360 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Camtek by 9.1% in the fourth quarter. Franklin Resources Inc. now owns 329,882 shares of the semiconductor company’s stock worth $26,645,000 after buying an additional 27,529 shares during the period. Wellington Management Group LLP lifted its stake in shares of Camtek by 45.6% in the 4th quarter. Wellington Management Group LLP now owns 148,590 shares of the semiconductor company’s stock valued at $12,002,000 after acquiring an additional 46,512 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Camtek in the 4th quarter valued at about $4,551,000. 41.93% of the stock is currently owned by institutional investors.

Camtek Stock Up 1.7 %

Shares of NASDAQ CAMT opened at $60.17 on Thursday. The firm has a fifty day simple moving average of $76.53 and a two-hundred day simple moving average of $79.35. Camtek Ltd. has a 12 month low of $56.49 and a 12 month high of $140.50. The company has a current ratio of 5.00, a quick ratio of 4.11 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $2.74 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 1.89 and a beta of 1.38.

Camtek (NASDAQ:CAMT) last released its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share (EPS) 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%. Equities analysts expect that Camtek Ltd. will post 2.93 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on CAMT shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 price target on shares of Camtek in a research note on Thursday, February 13th. Northland Securities lifted their target price on shares of Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Cantor Fitzgerald started coverage on shares of Camtek in a research report on Monday, January 13th. They set a “neutral” rating and a $100.00 price target for the company. Barclays decreased their price objective on shares of Camtek from $140.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, StockNews.com downgraded shares of Camtek from a “hold” rating to a “sell” rating in a research note on Saturday, March 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $110.22.

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.