Wellington Management Group LLP Raises Stock Position in Camtek Ltd. (NASDAQ:CAMT)

Wellington Management Group LLP increased its holdings in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 45.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 148,590 shares of the semiconductor company's stock after buying an additional 46,512 shares during the period. Wellington Management Group LLP owned about 0.33% of Camtek worth $12,002,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp increased its position in shares of Camtek by 364.0% during the fourth quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company's stock worth $33,000 after acquiring an additional 324 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Camtek during the 3rd quarter worth about $53,000. Optimum Investment Advisors raised its position in Camtek by 43.3% in the 4th quarter. Optimum Investment Advisors now owns 2,150 shares of the semiconductor company's stock valued at $174,000 after purchasing an additional 650 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Camtek in the 4th quarter valued at about $209,000. Finally, Prentiss Smith & Co. Inc. increased its stake in shares of Camtek by 10.8% during the fourth quarter. Prentiss Smith & Co. Inc. now owns 2,786 shares of the semiconductor company's stock worth $225,000 after buying an additional 272 shares during the period. 41.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CAMT has been the subject of several analyst reports. Cantor Fitzgerald assumed coverage on shares of Camtek in a report on Monday, January 13th. They set a "neutral" rating and a $100.00 price target for the company. Needham & Company LLC reissued a "buy" rating and issued a $110.00 target price on shares of Camtek in a report on Thursday, February 13th. Northland Securities raised their price target on Camtek from $102.00 to $120.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. Jefferies Financial Group lowered their price objective on Camtek from $120.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Finally, StockNews.com lowered Camtek from a "hold" rating to a "sell" rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Camtek has an average rating of "Moderate Buy" and an average target price of $110.22.

Camtek Stock Performance

Shares of Camtek stock traded up $0.32 during trading on Tuesday, reaching $60.47. The company's stock had a trading volume of 17,667 shares, compared to its average volume of 570,749. The company has a 50-day moving average price of $69.41 and a two-hundred day moving average price of $77.92. Camtek Ltd. has a fifty-two week low of $47.41 and a fifty-two week high of $140.50. The firm has a market cap of $2.76 billion, a PE ratio of 24.89, a P/E/G ratio of 1.89 and a beta of 1.42. The company has a current ratio of 5.00, a quick ratio of 4.11 and a debt-to-equity ratio of 0.36.

Camtek (NASDAQ:CAMT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The semiconductor company reported $0.68 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%. On average, analysts forecast that Camtek Ltd. will post 2.93 EPS for the current year.

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.