Algert Global LLC cut its stake in shares of Camtek Ltd. (NASDAQ:CAMT) by 12.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 408,586 shares of the semiconductor company’s stock after selling 56,385 shares during the quarter. Algert Global LLC owned about 1.15% of Camtek worth $2,092,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of CAMT. Cubist Systematic Strategies LLC bought a new position in shares of Camtek during the second quarter valued at $107,000. PEAK6 Investments L.P. increased its holdings in shares of Camtek by 632.2% during the third quarter. PEAK6 Investments L.P. now owns 21,444 shares of the semiconductor company’s stock valued at $110,000 after acquiring an additional 25,473 shares in the last quarter. Navellier & Associates Inc bought a new position in shares of Camtek during the second quarter valued at $208,000. Engineers Gate Manager LP bought a new position in shares of Camtek during the second quarter valued at $257,000. Finally, JPMorgan Chase & Co. bought a new position in shares of Camtek during the third quarter valued at $468,000. Hedge funds and other institutional investors own 17.31% of the company’s stock.
CAMT has been the topic of several recent analyst reports. Zacks Investment Research cut Camtek from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Needham & Company LLC raised Camtek from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a research report on Tuesday, October 3rd. TheStreet raised Camtek from a “c” rating to a “b” rating in a research report on Thursday, November 9th. Finally, B. Riley increased their price objective on Camtek from $7.00 to $7.50 and gave the company a “buy” rating in a research report on Wednesday, November 8th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $6.67.
Shares of Camtek Ltd. (NASDAQ:CAMT) opened at $5.51 on Friday. Camtek Ltd. has a 12-month low of $3.00 and a 12-month high of $7.96. The company has a market capitalization of $195.15, a price-to-earnings ratio of 16.21 and a beta of 1.00.
The company also recently announced an annual dividend, which was paid on Thursday, November 30th. Shareholders of record on Wednesday, November 22nd were given a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a yield of 9.36%. Camtek’s payout ratio is 37.84%.
Camtek Company Profile
Camtek Ltd is an Israel-based manufacturer of metrology and inspection equipment and a provider of software solutions. The Company mainly serves the Advanced Packaging, Memory, Complementary Metal Oxide Semiconductor (CMOS) Image Sensors, Micro Electro Mechanical Sensor (MEMS), Radio Frequency (RF) and other segments in the mid end of the semiconductors industry.
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