Taylor Frigon Capital Management LLC Makes New $2.29 Million Investment in Camtek Ltd. (NASDAQ:CAMT)

Taylor Frigon Capital Management LLC bought a new position in shares of Camtek Ltd. (NASDAQ:CAMT) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 28,346 shares of the semiconductor company’s stock, valued at approximately $2,290,000. Taylor Frigon Capital Management LLC owned approximately 0.06% of Camtek at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. grew its holdings in Camtek by 78.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 145 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Camtek in the 3rd quarter valued at about $53,000. Sanctuary Advisors LLC bought a new stake in shares of Camtek in the 4th quarter valued at about $209,000. Prentiss Smith & Co. Inc. boosted its holdings 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 valued at $225,000 after buying an additional 272 shares in the last quarter. Finally, Stifel Financial Corp boosted its holdings in shares of Camtek by 77.3% in the 3rd quarter. Stifel Financial Corp now owns 3,151 shares of the semiconductor company’s stock valued at $252,000 after buying an additional 1,374 shares in the last quarter. 41.93% of the stock is currently owned by institutional investors.

Camtek Stock Performance

Shares of Camtek stock opened at $79.18 on Thursday. Camtek Ltd. has a 52 week low of $69.83 and a 52 week high of $140.50. The company has a quick ratio of 4.11, a current ratio of 5.00 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $3.59 billion, a P/E ratio of 32.72, a PEG ratio of 1.89 and a beta of 1.34. The company has a 50 day moving average price of $88.28 and a 200 day moving average price of $83.53.

Camtek (NASDAQ:CAMT) last posted 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%. Sell-side analysts expect that Camtek Ltd. will post 2.93 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CAMT. Needham & Company LLC restated a “buy” rating and issued a $110.00 price target on shares of Camtek in a report on Thursday, February 13th. Cantor Fitzgerald began coverage on shares of Camtek in a report on Monday, January 13th. They issued a “neutral” rating and a $100.00 price target on the stock. StockNews.com upgraded shares of Camtek from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Stifel Nicolaus restated a “buy” rating and issued a $105.00 price target on shares of Camtek in a report on Thursday, December 12th. Finally, Barclays decreased their price objective on shares of Camtek from $140.00 to $120.00 and set an “overweight” rating for the company in a research report 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 stock. Based on data from MarketBeat, Camtek presently has a consensus rating of “Moderate Buy” and an average target price of $114.11.

Camtek Company 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.