UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 67,250 Shares of Camtek Ltd. (NASDAQ:CAMT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 16.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 486,606 shares of the semiconductor company's stock after purchasing an additional 67,250 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.07% of Camtek worth $38,855,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Fred Alger Management LLC bought a new stake in shares of Camtek during the 2nd quarter worth $8,386,000. Meitav Investment House Ltd. boosted its holdings in Camtek by 14.1% during the third quarter. Meitav Investment House Ltd. now owns 373,044 shares of the semiconductor company's stock valued at $29,887,000 after acquiring an additional 46,016 shares during the period. Squarepoint Ops LLC bought a new stake in Camtek during the second quarter valued at about $1,423,000. Clal Insurance Enterprises Holdings Ltd grew its position in shares of Camtek by 21.5% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,515,452 shares of the semiconductor company's stock valued at $121,734,000 after purchasing an additional 268,258 shares during the last quarter. Finally, Millennium Management LLC increased its stake in shares of Camtek by 34.0% in the second quarter. Millennium Management LLC now owns 217,617 shares of the semiconductor company's stock worth $27,254,000 after purchasing an additional 55,234 shares during the period. Institutional investors and hedge funds own 41.93% of the company's stock.

Camtek Stock Performance

CAMT stock traded down $0.07 during midday trading on Wednesday, hitting $75.89. The stock had a trading volume of 164,980 shares, compared to its average volume of 534,786. Camtek Ltd. has a 52 week low of $60.60 and a 52 week high of $140.50. The company has a current ratio of 5.28, a quick ratio of 4.36 and a debt-to-equity ratio of 0.38. The stock has a 50-day simple moving average of $78.69 and a 200 day simple moving average of $94.33. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 35.00, a P/E/G ratio of 1.37 and a beta of 1.34.

Camtek (NASDAQ:CAMT - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.06. The company had revenue of $112.30 million during the quarter, compared to the consensus estimate of $108.51 million. Camtek had a net margin of 26.53% and a return on equity of 24.21%. The firm's revenue for the quarter was up 39.5% compared to the same quarter last year. During the same period last year, the firm earned $0.46 EPS. As a group, equities research analysts anticipate that Camtek Ltd. will post 2.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CAMT has been the subject of several recent analyst reports. Northland Securities increased their target price on Camtek from $99.00 to $102.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. Needham & Company LLC restated a "buy" rating and issued a $95.00 price objective on shares of Camtek in a research note on Wednesday, November 13th. Finally, StockNews.com raised shares of Camtek from a "sell" rating to a "hold" rating in a research report on Wednesday, November 20th. 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $110.57.

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.