Vanguard Group Inc. increased its holdings in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 983,986 shares of the semiconductor company's stock after purchasing an additional 14,702 shares during the quarter. Vanguard Group Inc. owned approximately 2.17% of Camtek worth $80,028,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its position in shares of Camtek by 75.6% during the fourth quarter. HighTower Advisors LLC now owns 9,926 shares of the semiconductor company's stock valued at $802,000 after buying an additional 4,272 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in Camtek by 1.5% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 25,150 shares of the semiconductor company's stock valued at $2,031,000 after acquiring an additional 381 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Camtek by 3,300.3% in the third quarter. Wellington Management Group LLP now owns 102,078 shares of the semiconductor company's stock valued at $8,154,000 after acquiring an additional 99,076 shares during the period. Stifel Financial Corp lifted its holdings 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 acquiring an additional 1,374 shares during the last quarter. Finally, Y.D. More Investments Ltd boosted its stake in shares of Camtek by 6.0% during the 4th quarter. Y.D. More Investments Ltd now owns 525,413 shares of the semiconductor company's stock worth $42,905,000 after purchasing an additional 29,580 shares during the period. Institutional investors own 41.93% of the company's stock.
Camtek Stock Performance
CAMT traded down $2.31 during trading on Wednesday, reaching $58.03. 30,207 shares of the company's stock were exchanged, compared to its average volume of 569,945. 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 1 year low of $47.41 and a 1 year high of $140.50. The company's fifty day simple moving average is $68.79 and its 200-day simple moving average is $77.80. The stock has a market capitalization of $2.65 billion, a P/E ratio of 23.98, a price-to-earnings-growth ratio of 1.89 and a beta of 1.42.
Camtek (NASDAQ:CAMT - Get Free Report) last posted its quarterly earnings results 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%. As a group, research analysts predict that Camtek Ltd. will post 2.93 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several brokerages have issued reports on CAMT. Northland Securities raised their price objective on shares of Camtek from $102.00 to $120.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Bank of America lowered their target price on shares of Camtek from $105.00 to $80.00 and set a "buy" rating for the company in a research note on Wednesday. Needham & Company LLC reiterated a "buy" rating and issued a $110.00 price target on shares of Camtek in a report on Thursday, February 13th. Barclays cut their price target on Camtek from $140.00 to $120.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Finally, Jefferies Financial Group cut their target price on shares of Camtek from $120.00 to $85.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Camtek has a consensus rating of "Moderate Buy" and a consensus target price of $106.67.
Check Out Our Latest Research Report on Camtek
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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