Vanguard Group Inc. Has $116.62 Million Stock Position in Camtek Ltd. $CAMT

Vanguard Group Inc. increased its position in shares of Camtek Ltd. (NASDAQ:CAMTFree Report) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,086,242 shares of the semiconductor company’s stock after buying an additional 7,220 shares during the quarter. Vanguard Group Inc.’s holdings in Camtek were worth $116,615,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Advisory Services Network LLC bought a new position in Camtek during the third quarter valued at $32,000. Advisors Asset Management Inc. lifted its position in shares of Camtek by 61.6% during the first quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 293 shares in the last quarter. Rothschild Investment LLC purchased a new stake in shares of Camtek in the third quarter worth $54,000. Aventura Private Wealth LLC purchased a new stake in shares of Camtek in the fourth quarter worth $108,000. Finally, Sovran Advisors LLC purchased a new stake in shares of Camtek in the fourth quarter worth $155,000. 41.93% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Oppenheimer increased their price objective on Camtek from $120.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th. Needham & Company LLC raised their price target on Camtek from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. B. Riley Financial restated a “buy” rating on shares of Camtek in a research report on Monday, April 20th. Morgan Stanley raised their price target on Camtek from $151.00 to $161.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 24th. Finally, Evercore restated an “outperform” rating and set a $190.00 price target on shares of Camtek in a research report on Wednesday, February 18th. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $166.75.

View Our Latest Analysis on Camtek

Camtek Trading Down 15.8%

NASDAQ CAMT opened at $174.63 on Wednesday. The stock’s 50-day simple moving average is $172.77 and its two-hundred day simple moving average is $142.88. Camtek Ltd. has a twelve month low of $62.88 and a twelve month high of $215.99. The company has a quick ratio of 7.31, a current ratio of 8.35 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $8.00 billion, a price-to-earnings ratio of 185.78, a PEG ratio of 4.88 and a beta of 1.61.

Camtek (NASDAQ:CAMTGet Free Report) last released its quarterly earnings results on Tuesday, May 12th. The semiconductor company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. Camtek had a return on equity of 23.61% and a net margin of 10.23%.The business had revenue of $121.66 million for the quarter, compared to the consensus estimate of $120.15 million. During the same quarter last year, the business posted $0.79 earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. Research analysts forecast that Camtek Ltd. will post 3.12 EPS for the current fiscal year.

About Camtek

(Free Report)

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.

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Institutional Ownership by Quarter for Camtek (NASDAQ:CAMT)

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