Renaissance Technologies LLC Has $3.87 Million Stake in Camtek Ltd. (CAMT)

Renaissance Technologies LLC boosted its position in shares of Camtek Ltd. (NASDAQ:CAMT) by 10.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,016,600 shares of the semiconductor company’s stock after buying an additional 96,670 shares during the period. Renaissance Technologies LLC owned 2.88% of Camtek worth $3,873,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TFS Capital LLC purchased a new position in shares of Camtek during the first quarter worth $118,000. Acadian Asset Management LLC boosted its position in shares of Camtek by 29.5% in the first quarter. Acadian Asset Management LLC now owns 125,369 shares of the semiconductor company’s stock worth $478,000 after buying an additional 28,562 shares in the last quarter. Finally, Algert Global LLC boosted its position in shares of Camtek by 15.5% in the first quarter. Algert Global LLC now owns 138,072 shares of the semiconductor company’s stock worth $526,000 after buying an additional 18,569 shares in the last quarter. Hedge funds and other institutional investors own 18.22% of the company’s stock.

Camtek Ltd. (NASDAQ:CAMT) opened at 4.30 on Friday. The firm has a market cap of $152.21 million, a PE ratio of 53.09 and a beta of 0.90. Camtek Ltd. has a 1-year low of $2.38 and a 1-year high of $7.96. The company has a 50 day moving average price of $5.08 and a 200 day moving average price of $4.57.

Camtek (NASDAQ:CAMT) last released its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.01. Camtek had a net margin of 2.56% and a return on equity of 15.32%. The company had revenue of $22.68 million during the quarter, compared to analysts’ expectations of $33.50 million. On average, equities research analysts forecast that Camtek Ltd. will post $0.39 earnings per share for the current year.

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A number of research analysts have commented on the company. B. Riley restated a “buy” rating and set a $6.00 price objective on shares of Camtek in a research note on Friday, July 21st. TheStreet cut Camtek from a “b” rating to a “c” rating in a research note on Friday, August 4th. Zacks Investment Research cut Camtek from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Needham & Company LLC cut Camtek from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, ValuEngine upgraded Camtek from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $6.00.

About Camtek

Camtek Ltd. provides automated and technological solutions for production processes and products yield, enabling and supporting customers’ technologies in the semiconductor fabrication and printed circuit board (PCB) industries. The Company designs, develops, manufactures and markets products mainly based on two core technologies: automated optical inspection (AOI) and functional ink technology (FIT).

Institutional Ownership by Quarter for Camtek (NASDAQ:CAMT)

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