abrdn plc purchased a new stake in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 142,599 shares of the semiconductor company's stock, valued at approximately $11,387,000. abrdn plc owned approximately 0.32% of Camtek at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the company. Jennison Associates LLC boosted its stake in shares of Camtek by 383.1% in the first quarter. Jennison Associates LLC now owns 23,015 shares of the semiconductor company's stock worth $1,928,000 after acquiring an additional 18,251 shares during the period. Swiss National Bank boosted its stake in Camtek by 1.3% in the 1st quarter. Swiss National Bank now owns 58,287 shares of the semiconductor company's stock worth $4,850,000 after purchasing an additional 750 shares during the period. Sei Investments Co. grew its holdings in Camtek by 41.5% during the 1st quarter. Sei Investments Co. now owns 94,473 shares of the semiconductor company's stock valued at $7,914,000 after buying an additional 27,707 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Camtek during the first quarter valued at approximately $50,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Camtek by 524.6% in the first quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company's stock worth $123,000 after buying an additional 1,238 shares in the last quarter. 41.93% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on CAMT. Northland Capmk raised shares of Camtek from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 5th. StockNews.com upgraded Camtek from a "sell" rating to a "hold" rating in a research report on Friday, October 25th. Needham & Company LLC reiterated a "buy" rating and issued a $140.00 target price on shares of Camtek in a research report on Friday, August 2nd. B. Riley cut their price target on Camtek from $150.00 to $140.00 and set a "buy" rating for the company in a report on Friday, August 2nd. Finally, Northland Securities raised Camtek from a "market perform" rating to an "outperform" rating and set a $99.00 price objective on the stock in a research note on Monday, August 5th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $116.57.
View Our Latest Analysis on Camtek
Camtek Trading Down 6.7 %
CAMT stock traded down $5.35 during midday trading on Friday, reaching $74.21. 1,044,942 shares of the company traded hands, compared to its average volume of 536,281. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 37.86, a P/E/G ratio of 1.65 and a beta of 1.38. Camtek Ltd. has a 52-week low of $54.44 and a 52-week high of $140.50. The business has a 50 day moving average of $81.14 and a 200-day moving average of $95.50. The company has a debt-to-equity ratio of 0.42, a quick ratio of 4.29 and a current ratio of 5.21.
Camtek (NASDAQ:CAMT - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. The company had revenue of $102.60 million for the quarter, compared to analyst estimates of $101.26 million. Camtek had a return on equity of 22.57% and a net margin of 25.93%. Camtek's quarterly revenue was up 39.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 EPS. As a group, sell-side analysts expect that Camtek Ltd. will post 2.45 earnings per share for the current fiscal year.
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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