Camtek Ltd. $CAMT Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in Camtek Ltd. (NASDAQ:CAMT) by 1.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,079,022 shares of the semiconductor company’s stock after purchasing an additional 15,432 shares during the quarter. Vanguard Group Inc. owned approximately 2.37% of Camtek worth $113,454,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Jefferies Financial Group Inc. purchased a new position in Camtek in the 2nd quarter valued at about $338,000. SG Americas Securities LLC purchased a new stake in Camtek during the 3rd quarter worth approximately $1,503,000. Brown Capital Management LLC raised its holdings in shares of Camtek by 1.2% during the third quarter. Brown Capital Management LLC now owns 1,153,943 shares of the semiconductor company’s stock valued at $121,222,000 after acquiring an additional 13,806 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Camtek by 18.9% in the second quarter. Legal & General Group Plc now owns 117,163 shares of the semiconductor company’s stock valued at $10,103,000 after acquiring an additional 18,584 shares in the last quarter. Finally, Y.D. More Investments Ltd lifted its position in shares of Camtek by 22.5% in the second quarter. Y.D. More Investments Ltd now owns 644,657 shares of the semiconductor company’s stock valued at $55,435,000 after acquiring an additional 118,226 shares in the last quarter. Hedge funds and other institutional investors own 41.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on CAMT shares. Jefferies Financial Group reiterated a “buy” rating and set a $185.00 price target on shares of Camtek in a research report on Wednesday, February 18th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $145.00 target price on shares of Camtek in a research report on Wednesday, February 18th. Wall Street Zen lowered shares of Camtek from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Needham & Company LLC increased their price objective on shares of Camtek from $160.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Finally, Zacks Research upgraded Camtek from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Camtek presently has a consensus rating of “Moderate Buy” and an average target price of $165.92.

Camtek Price Performance

Camtek stock opened at $166.06 on Thursday. The company’s 50 day simple moving average is $143.35 and its 200-day simple moving average is $117.99. The company has a debt-to-equity ratio of 0.84, a quick ratio of 7.31 and a current ratio of 8.35. Camtek Ltd. has a 1 year low of $47.41 and a 1 year high of $174.61. The company has a market capitalization of $7.57 billion, a price-to-earnings ratio of 176.66, a price-to-earnings-growth ratio of 3.85 and a beta of 1.53.

Camtek (NASDAQ:CAMT) last announced its earnings results on Wednesday, February 18th. The semiconductor company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.02). Camtek had a net margin of 10.23% and a return on equity of 23.61%. The firm had revenue of $128.12 million during the quarter, compared to analysts’ expectations of $127.10 million. During the same period in the previous year, the firm earned $0.77 EPS. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, equities research analysts expect that Camtek Ltd. will post 2.93 earnings per share for the current year.

About Camtek

Camtek Ltd. (NASDAQ: CAMT) is a provider of automated inspection and metrology solutions for the semiconductor and printed circuit board (PCB) industries. The company develops, manufactures and markets a suite of inline and stand-alone systems that perform high‐resolution 2D and 3D measurements, defect review and process control. Its products are used by integrated device manufacturers, foundries, OSAT (outsourced semiconductor assembly and test) providers, and PCB fabricators to optimize yield, improve product quality and reduce production costs.

Camtek’s core offerings include wafer inspection systems that detect and classify defects on patterned wafers, patterned wafer metrology tools for overlay and critical dimension measurements, and advanced packaging inspection platforms for 3D ICs and fan-out wafer-level packaging.