Allspring Global Investments Holdings LLC grew its stake in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 25.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 144,465 shares of the semiconductor company's stock after acquiring an additional 29,579 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.32% of Camtek worth $11,668,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in CAMT. Advisors Asset Management Inc. increased its position in Camtek by 78.8% during the third quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company's stock valued at $26,000 after acquiring an additional 145 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Camtek during the 3rd quarter valued at about $53,000. Prentiss Smith & Co. Inc. increased its position in shares of Camtek by 10.8% during the 4th quarter. Prentiss Smith & Co. Inc. now owns 2,786 shares of the semiconductor company's stock valued at $225,000 after purchasing an additional 272 shares during the last quarter. Stifel Financial Corp lifted its stake 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 worth $252,000 after purchasing an additional 1,374 shares during the period. Finally, Lifestyle Asset Management Inc. purchased a new position in shares of Camtek in the third quarter worth approximately $253,000. 41.93% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the stock. Barclays reduced their target price on shares of Camtek from $140.00 to $120.00 and set an "overweight" rating for the company in a report on Friday, January 17th. StockNews.com upgraded Camtek from a "sell" rating to a "hold" rating in a research note on Wednesday, November 20th. Needham & Company LLC reiterated a "buy" rating and set a $110.00 target price on shares of Camtek in a research report on Thursday, February 13th. Cantor Fitzgerald initiated coverage on Camtek in a report on Monday, January 13th. They set a "neutral" rating and a $100.00 price target for the company. Finally, Northland Securities raised their price objective on Camtek from $102.00 to $120.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Camtek presently has a consensus rating of "Moderate Buy" and an average price target of $114.11.
Read Our Latest Stock Report on CAMT
Camtek Price Performance
Shares of NASDAQ:CAMT traded down $3.78 during trading on Friday, hitting $76.11. 688,927 shares of the company's stock were exchanged, compared to its average volume of 632,162. The business's 50-day simple moving average is $88.30 and its 200 day simple moving average is $83.79. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.00 and a quick ratio of 4.11. Camtek Ltd. has a 52-week low of $69.83 and a 52-week high of $140.50. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 31.45, a PEG ratio of 1.96 and a beta of 1.34.
Camtek (NASDAQ:CAMT - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.06). Camtek had a net margin of 27.61% and a return on equity of 24.99%. As a group, equities analysts predict that Camtek Ltd. will post 2.93 EPS for the current year.
About Camtek
(
Free Report)
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.
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