Ellsworth Advisors LLC Acquires Shares of 6,877 Camtek Ltd. (NASDAQ:CAMT)

Ellsworth Advisors LLC acquired a new stake in Camtek Ltd. (NASDAQ:CAMT) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,877 shares of the semiconductor company’s stock, valued at approximately $477,000.

Several other large investors also recently added to or reduced their stakes in CAMT. JPMorgan Chase & Co. lifted its position in shares of Camtek by 11.8% in the 1st quarter. JPMorgan Chase & Co. now owns 38,173 shares of the semiconductor company’s stock worth $1,164,000 after purchasing an additional 4,043 shares during the period. Renaissance Group LLC lifted its position in Camtek by 9.1% during the first quarter. Renaissance Group LLC now owns 29,484 shares of the semiconductor company’s stock valued at $898,000 after acquiring an additional 2,454 shares during the last quarter. UBS Group AG lifted its position in Camtek by 5,643.2% during the first quarter. UBS Group AG now owns 57,087 shares of the semiconductor company’s stock valued at $1,738,000 after acquiring an additional 56,093 shares during the last quarter. Invesco Ltd. lifted its position in Camtek by 7.8% during the first quarter. Invesco Ltd. now owns 610,164 shares of the semiconductor company’s stock valued at $18,585,000 after acquiring an additional 44,158 shares during the last quarter. Finally, Engineers Gate Manager LP purchased a new stake in Camtek during the first quarter valued at approximately $735,000. 41.93% of the stock is owned by hedge funds and other institutional investors.

Camtek Stock Performance

Shares of NASDAQ:CAMT traded down $3.28 during midday trading on Thursday, reaching $83.77. The company’s stock had a trading volume of 435,338 shares, compared to its average volume of 447,271. The firm has a market capitalization of $3.76 billion, a PE ratio of 51.71, a P/E/G ratio of 3.06 and a beta of 1.41. Camtek Ltd. has a twelve month low of $24.81 and a twelve month high of $90.54. The stock has a fifty day moving average of $80.70 and a 200 day moving average of $68.51. The company has a quick ratio of 4.77, a current ratio of 5.66 and a debt-to-equity ratio of 0.41.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings results on Tuesday, February 20th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.04. Camtek had a net margin of 24.93% and a return on equity of 18.92%. The firm had revenue of $88.70 million for the quarter, compared to the consensus estimate of $88.02 million. During the same period in the prior year, the firm posted $0.45 earnings per share. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities analysts expect that Camtek Ltd. will post 2.12 EPS for the current fiscal year.

Camtek Dividend Announcement

The business also recently disclosed a Variable dividend, which will be paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th will be issued a dividend of $1.33 per share. The ex-dividend date is Wednesday, April 3rd.

Wall Street Analysts Forecast Growth

CAMT has been the topic of a number of recent analyst reports. B. Riley restated a “buy” rating and set a $102.00 price target on shares of Camtek in a research note on Tuesday. Barclays upped their price target on shares of Camtek from $82.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, February 21st. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $71.14.

Camtek Company Profile

Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for the advanced interconnect packaging, memory, complementary metal oxide semiconductor image sensors, micro-electro mechanical systems, radio frequency, and other segments of the semiconductor industry.