Millennium Management LLC reduced its stake in Camtek LTD. (NASDAQ:CAMT) by 72.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 113,666 shares of the semiconductor company’s stock after selling 301,922 shares during the period. Millennium Management LLC owned 0.31% of Camtek worth $1,066,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of CAMT. Optimum Investment Advisors bought a new stake in Camtek in the third quarter valued at $63,000. Delphi Management Inc. MA bought a new stake in shares of Camtek during the second quarter worth about $110,000. Cubist Systematic Strategies LLC bought a new stake in shares of Camtek during the second quarter worth about $114,000. ETF Managers Group LLC increased its position in shares of Camtek by 7.0% during the second quarter. ETF Managers Group LLC now owns 36,437 shares of the semiconductor company’s stock worth $307,000 after acquiring an additional 2,399 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of Camtek during the second quarter worth about $308,000. 28.74% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:CAMT opened at $10.82 on Friday. The firm has a 50-day moving average of $10.48 and a 200-day moving average of $9.59. The company has a market cap of $400.16 million, a PE ratio of 18.56 and a beta of 1.63. Camtek LTD. has a one year low of $6.37 and a one year high of $11.36.
Camtek (NASDAQ:CAMT) last issued its quarterly earnings data on Thursday, November 7th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.02). Camtek had a return on equity of 18.73% and a net margin of 17.28%. The firm had revenue of $32.47 million during the quarter, compared to the consensus estimate of $32.00 million. During the same period in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. As a group, equities research analysts predict that Camtek LTD. will post 0.54 earnings per share for the current year.
Several equities research analysts have recently commented on CAMT shares. BidaskClub raised shares of Camtek from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 30th. Zacks Investment Research downgraded shares of Camtek from a “hold” rating to a “sell” rating in a research report on Tuesday, December 24th.
Camtek Ltd. provides inspection and metrology solutions for the semiconductor industry in the Asia Pacific, North America, and Europe. The company provides solutions based on its advanced image processing, motion control, material handling, and optics related technologies. It designs, develops, manufactures, and markets automatic optical inspection (AOI) systems that optically inspect and measure various types of semiconductors wafers.
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