Franklin Resources Inc. Sells 14,190 Shares of Camtek Ltd. (NASDAQ:CAMT)

Franklin Resources Inc. trimmed its holdings in Camtek Ltd. (NASDAQ:CAMT) by 4.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 302,353 shares of the semiconductor company’s stock after selling 14,190 shares during the quarter. Franklin Resources Inc. owned about 0.67% of Camtek worth $26,489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Advisors Asset Management Inc. grew its holdings in Camtek by 78.8% in the third quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 145 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Camtek by 23,300.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company’s stock worth $59,000 after purchasing an additional 466 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Camtek in the 3rd quarter worth approximately $53,000. Gateway Wealth Partners LLC purchased a new stake in shares of Camtek in the 2nd quarter worth approximately $220,000. Finally, Susquehanna International Group Ltd. bought a new position in Camtek during the 2nd quarter valued at approximately $237,000. 41.93% of the stock is currently owned by institutional investors.

Camtek Stock Performance

Shares of CAMT stock opened at $81.51 on Thursday. The company has a quick ratio of 4.36, a current ratio of 5.28 and a debt-to-equity ratio of 0.38. The company has a 50 day moving average price of $77.61 and a 200-day moving average price of $92.25. Camtek Ltd. has a 52 week low of $61.61 and a 52 week high of $140.50. The firm has a market capitalization of $3.70 billion, a PE ratio of 37.56, a P/E/G ratio of 1.36 and a beta of 1.34.

Camtek (NASDAQ:CAMT) last posted its earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. The business had revenue of $112.30 million during the quarter, compared to the consensus estimate of $108.51 million. Camtek had a net margin of 26.53% and a return on equity of 24.21%. The firm’s revenue was up 39.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 EPS. As a group, equities research analysts expect that Camtek Ltd. will post 2.53 earnings per share for the current year.

Analyst Ratings Changes

CAMT has been the topic of several analyst reports. StockNews.com raised Camtek from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Stifel Nicolaus reiterated a “buy” rating and issued a $105.00 price target on shares of Camtek in a research note on Thursday, December 12th. Needham & Company LLC restated a “buy” rating and set a $95.00 price objective on shares of Camtek in a research note on Wednesday, November 13th. Finally, Northland Securities upped their target price on shares of Camtek from $99.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. One research analyst has 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, the company presently has an average rating of “Buy” and a consensus target price of $109.88.

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.