Invesco Ltd. Purchases 56,590 Shares of Camtek Ltd. (NASDAQ:CAMT)

Invesco Ltd. boosted its holdings in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 25.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 278,621 shares of the semiconductor company's stock after purchasing an additional 56,590 shares during the quarter. Invesco Ltd. owned approximately 0.61% of Camtek worth $22,504,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Clal Insurance Enterprises Holdings Ltd lifted its stake in Camtek by 10.2% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,670,000 shares of the semiconductor company's stock worth $135,743,000 after purchasing an additional 154,548 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Camtek by 32.6% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,135,453 shares of the semiconductor company's stock valued at $91,711,000 after buying an additional 279,000 shares during the last quarter. Vanguard Group Inc. grew its position in Camtek by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 983,986 shares of the semiconductor company's stock valued at $80,028,000 after buying an additional 14,702 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Camtek by 9.3% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 963,874 shares of the semiconductor company's stock valued at $77,852,000 after purchasing an additional 81,709 shares during the period. Finally, Meitav Investment House Ltd. grew its stake in shares of Camtek by 119.3% in the 4th quarter. Meitav Investment House Ltd. now owns 818,123 shares of the semiconductor company's stock worth $66,159,000 after purchasing an additional 445,079 shares during the last quarter. Institutional investors own 41.93% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on CAMT shares. Needham & Company LLC reiterated a "buy" rating and set a $110.00 price objective on shares of Camtek in a research report on Thursday, February 13th. Cantor Fitzgerald started coverage on shares of Camtek in a research report on Monday, January 13th. They issued a "neutral" rating and a $100.00 price target on the stock. StockNews.com upgraded Camtek from a "sell" rating to a "hold" rating in a research note on Wednesday. Northland Securities lifted their price objective on Camtek from $102.00 to $120.00 and gave the company an "outperform" rating in a research report on Tuesday, January 7th. Finally, Bank of America reduced their target price on shares of Camtek from $105.00 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Camtek presently has a consensus rating of "Moderate Buy" and an average price target of $103.13.

Camtek Stock Up 3.1 %

Shares of NASDAQ CAMT traded up $1.96 during mid-day trading on Thursday, hitting $65.93. The company had a trading volume of 75,491 shares, compared to its average volume of 570,572. The company has a market capitalization of $3.01 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 1.89 and a beta of 1.42. Camtek Ltd. has a one year low of $47.41 and a one year high of $140.50. The firm has a 50-day simple moving average of $65.52 and a two-hundred day simple moving average of $77.03. 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 released its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share 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, equities analysts expect that Camtek Ltd. will post 2.93 EPS for the current year.

Camtek 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.