Camtek Ltd. (NASDAQ:CAMT) Stake Increased by abrdn plc

abrdn plc increased its stake in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 25.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 179,046 shares of the semiconductor company's stock after purchasing an additional 36,447 shares during the period. abrdn plc owned 0.39% of Camtek worth $14,706,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Prentiss Smith & Co. Inc. boosted its stake in 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 period. Blue Trust Inc. raised its holdings in shares of Camtek by 24.0% during the fourth quarter. Blue Trust Inc. now owns 4,986 shares of the semiconductor company's stock valued at $398,000 after buying an additional 966 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its holdings in Camtek by 9.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 963,874 shares of the semiconductor company's stock worth $77,852,000 after buying an additional 81,709 shares in the last quarter. Tidal Investments LLC grew its holdings in Camtek by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 20,914 shares of the semiconductor company's stock worth $1,670,000 after buying an additional 914 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Camtek in the 3rd quarter valued at approximately $53,000. Institutional investors and hedge funds own 41.93% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CAMT shares. Stifel Nicolaus reiterated a "buy" rating and set a $105.00 price target on shares of Camtek in a research report on Thursday, December 12th. Cantor Fitzgerald initiated coverage on shares of Camtek in a report on Monday, January 13th. They issued a "neutral" rating and a $100.00 price objective for the company. Needham & Company LLC reissued a "buy" rating and set a $95.00 target price on shares of Camtek in a research note on Wednesday, November 13th. StockNews.com raised shares of Camtek from a "sell" rating to a "hold" rating in a research note on Wednesday, November 20th. Finally, Northland Securities raised their price objective on shares of Camtek from $102.00 to $120.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $112.44.

Camtek Price Performance

NASDAQ:CAMT traded down $1.35 during trading hours on Tuesday, reaching $87.40. 775,676 shares of the company's stock were exchanged, compared to its average volume of 626,021. The company has a market capitalization of $3.97 billion, a P/E ratio of 40.28, a price-to-earnings-growth ratio of 1.43 and a beta of 1.34. Camtek Ltd. has a 12 month low of $69.83 and a 12 month high of $140.50. The business's 50-day simple moving average is $86.73 and its two-hundred day simple moving average is $84.20. The company has a quick ratio of 4.36, a current ratio of 5.28 and a debt-to-equity ratio of 0.38.

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