Nuveen Asset Management LLC Buys 4,362 Shares of Camtek Ltd. (NASDAQ:CAMT)

Nuveen Asset Management LLC boosted its position in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 152,485 shares of the semiconductor company's stock after purchasing an additional 4,362 shares during the period. Nuveen Asset Management LLC owned about 0.34% of Camtek worth $12,471,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Blue Trust Inc. increased its stake in Camtek by 24.0% in the 4th quarter. Blue Trust Inc. now owns 4,986 shares of the semiconductor company's stock worth $398,000 after acquiring an additional 966 shares during the last quarter. Prentiss Smith & Co. Inc. lifted its stake in shares of Camtek by 10.8% during the 4th quarter. Prentiss Smith & Co. Inc. now owns 2,786 shares of the semiconductor company's stock worth $225,000 after purchasing an additional 272 shares during the last quarter. abrdn plc lifted its stake in shares of Camtek by 25.6% during the 4th quarter. abrdn plc now owns 179,046 shares of the semiconductor company's stock worth $14,706,000 after purchasing an additional 36,447 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new position in Camtek during the 4th quarter valued at about $336,000. Finally, Y.D. More Investments Ltd increased its position in Camtek by 6.0% during the 4th quarter. Y.D. More Investments Ltd now owns 525,413 shares of the semiconductor company's stock valued at $42,905,000 after buying an additional 29,580 shares in the last quarter. 41.93% of the stock is currently owned by institutional investors.

Camtek Stock Down 4.0%

Shares of NASDAQ CAMT traded down $2.75 during midday trading on Friday, reaching $66.28. 190,760 shares of the company's stock were exchanged, compared to its average volume of 564,716. Camtek Ltd. has a 52-week low of $47.41 and a 52-week high of $140.50. The stock has a market capitalization of $3.02 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 1.89 and a beta of 1.36. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.11 and a current ratio of 5.00. The business's fifty day moving average price is $63.07 and its two-hundred day moving average price is $74.43.

Camtek (NASDAQ:CAMT - Get Free Report) last issued its earnings results on Tuesday, May 13th. The semiconductor company reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.02. The company had revenue of $118.64 million during the quarter, compared to the consensus estimate of $119.00 million. Camtek had a return on equity of 24.99% and a net margin of 27.61%. Camtek's quarterly revenue was up 22.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.63 earnings per share. Analysts forecast that Camtek Ltd. will post 2.93 EPS for the current year.

Analyst Upgrades and Downgrades

CAMT has been the topic of several analyst reports. Wall Street Zen raised Camtek from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Northland Securities set a $105.00 price objective on Camtek in a report on Wednesday, May 14th. B. Riley raised their price objective on Camtek from $85.00 to $95.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Needham & Company LLC decreased their target price on Camtek from $110.00 to $80.00 and set a "buy" rating on the stock in a research report on Wednesday, May 14th. Finally, Bank of America decreased their target price on Camtek from $105.00 to $80.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Camtek has an average rating of "Moderate Buy" and an average target price of $90.78.

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.