Raymond James Financial Inc. Invests $4.33 Million in Camtek Ltd. (NASDAQ:CAMT)

Raymond James Financial Inc. acquired a new position in shares of Camtek Ltd. (NASDAQ:CAMT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 53,664 shares of the semiconductor company’s stock, valued at approximately $4,334,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CAMT. Advisors Asset Management Inc. lifted its position in Camtek by 78.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock worth $26,000 after buying an additional 145 shares during the last quarter. Jones Financial Companies Lllp raised its position in Camtek by 364.0% during the 4th quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 324 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Camtek in the 3rd quarter worth approximately $53,000. Sanctuary Advisors LLC bought a new stake in shares of Camtek in the 4th quarter worth approximately $209,000. Finally, Prentiss Smith & Co. Inc. grew its position in shares of Camtek by 10.8% in the 4th quarter. Prentiss Smith & Co. Inc. now owns 2,786 shares of the semiconductor company’s stock worth $225,000 after buying an additional 272 shares during the last quarter. 41.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CAMT shares. Stifel Nicolaus reissued a “buy” rating and issued a $105.00 target price on shares of Camtek in a research report on Thursday, December 12th. Needham & Company LLC restated a “buy” rating and issued a $110.00 price objective on shares of Camtek in a research note on Thursday, February 13th. Cantor Fitzgerald started coverage on Camtek in a report on Monday, January 13th. They set a “neutral” rating and a $100.00 price target on the stock. Northland Securities lifted their price objective on Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Finally, Barclays dropped their price objective on shares of Camtek from $140.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Camtek currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.11.

Camtek Stock Performance

Shares of NASDAQ CAMT opened at $64.62 on Thursday. The company has a market capitalization of $2.95 billion, a PE ratio of 26.70, a price-to-earnings-growth ratio of 1.89 and a beta of 1.38. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.11 and a current ratio of 5.00. The company’s fifty day moving average price is $81.50 and its 200 day moving average price is $80.11. Camtek Ltd. has a 1 year low of $62.13 and a 1 year high of $140.50.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.06). Camtek had a return on equity of 24.99% and a net margin of 27.61%. On average, research analysts predict 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.