Allspring Global Investments Holdings LLC Invests $9.17 Million in Camtek Ltd. (NASDAQ:CAMT)

Allspring Global Investments Holdings LLC purchased a new position in Camtek Ltd. (NASDAQ:CAMT - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 114,886 shares of the semiconductor company's stock, valued at approximately $9,174,000. Allspring Global Investments Holdings LLC owned 0.26% of Camtek as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Blue Trust Inc. grew its holdings in shares of Camtek by 4.1% in the 2nd quarter. Blue Trust Inc. now owns 2,721 shares of the semiconductor company's stock worth $341,000 after purchasing an additional 108 shares during the last quarter. Petra Financial Advisors Inc. increased its holdings in Camtek by 1.5% in the second quarter. Petra Financial Advisors Inc. now owns 8,290 shares of the semiconductor company's stock valued at $1,038,000 after purchasing an additional 120 shares during the last quarter. Ellsworth Advisors LLC raised its position in shares of Camtek by 3.4% in the 2nd quarter. Ellsworth Advisors LLC now owns 7,393 shares of the semiconductor company's stock valued at $926,000 after acquiring an additional 245 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Camtek by 17.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the semiconductor company's stock valued at $158,000 after buying an additional 340 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Camtek by 23,300.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company's stock worth $59,000 after acquiring an additional 466 shares in the last quarter. 41.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CAMT shares. Needham & Company LLC reiterated a "buy" rating and issued a $140.00 price target on shares of Camtek in a research note on Friday, August 2nd. B. Riley dropped their price target on Camtek from $150.00 to $140.00 and set a "buy" rating for the company in a research note on Friday, August 2nd. Northland Capmk raised Camtek from a "hold" rating to a "strong-buy" rating in a report on Monday, August 5th. Northland Securities upgraded shares of Camtek from a "market perform" rating to an "outperform" rating and set a $99.00 price objective for the company in a research report on Monday, August 5th. Finally, StockNews.com raised Camtek from a "sell" rating to a "hold" rating in a research note on Friday. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $116.57.

Camtek Price Performance

Shares of CAMT traded up $0.07 during trading hours on Friday, reaching $77.66. 232,990 shares of the company's stock traded hands, compared to its average volume of 537,501. The firm's 50 day simple moving average is $82.95 and its 200-day simple moving average is $95.71. Camtek Ltd. has a 12 month low of $49.64 and a 12 month high of $140.50. The stock has a market cap of $3.49 billion, a PE ratio of 43.88, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38. The company has a current ratio of 5.21, a quick ratio of 4.29 and a debt-to-equity ratio of 0.42.

Camtek (NASDAQ:CAMT - Get Free Report) last announced its earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.02. Camtek had a net margin of 25.93% and a return on equity of 22.57%. The firm had revenue of $102.60 million for the quarter, compared to analyst estimates of $101.26 million. During the same quarter in the previous year, the firm posted $0.38 EPS. The company's revenue for the quarter was up 39.4% compared to the same quarter last year. Equities analysts expect that Camtek Ltd. will post 2.45 EPS for the current year.

About Camtek

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.