Man Group plc bought a new position in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,447 shares of the semiconductor company's stock, valued at approximately $601,000.
A number of other large investors have also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp raised its holdings in shares of Camtek by 364.0% during the fourth quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company's stock valued at $33,000 after acquiring an additional 324 shares during the period. Huntington National Bank lifted its holdings in Camtek by 42.4% in the 4th quarter. Huntington National Bank now owns 413 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 123 shares during the last quarter. Optimum Investment Advisors lifted its stake in shares of Camtek by 43.3% in the fourth quarter. Optimum Investment Advisors now owns 2,150 shares of the semiconductor company's stock worth $174,000 after buying an additional 650 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Camtek in the fourth quarter valued at about $209,000. Finally, Prentiss Smith & Co. Inc. lifted its holdings in shares of Camtek by 10.8% during the fourth quarter. Prentiss Smith & Co. Inc. now owns 2,786 shares of the semiconductor company's stock worth $225,000 after buying an additional 272 shares during the last quarter. 41.93% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on CAMT shares. Barclays cut their price target on Camtek from $120.00 to $85.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Wall Street Zen upgraded shares of Camtek from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Evercore ISI reduced their target price on Camtek from $100.00 to $82.00 and set an "outperform" rating on the stock in a report on Wednesday, May 14th. B. Riley raised their price target on Camtek from $85.00 to $95.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Finally, Northland Securities set a $105.00 price objective on Camtek in a research note on Wednesday, May 14th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.78.
Check Out Our Latest Analysis on Camtek
Camtek Trading Down 2.5%
NASDAQ CAMT traded down $1.75 during trading hours on Friday, hitting $67.28. The company's stock had a trading volume of 41,477 shares, compared to its average volume of 496,978. The stock has a fifty day moving average of $63.08 and a 200 day moving average of $74.59. The company has a quick ratio of 4.11, a current ratio of 5.00 and a debt-to-equity ratio of 0.36. Camtek Ltd. has a twelve month low of $47.41 and a twelve month high of $140.50. The firm has a market capitalization of $3.07 billion, a P/E ratio of 27.85, a PEG ratio of 1.89 and a beta of 1.36.
Camtek (NASDAQ:CAMT - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The semiconductor company reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.02. Camtek had a return on equity of 24.99% and a net margin of 27.61%. The business had revenue of $118.64 million during the quarter, compared to analysts' expectations of $119.00 million. During the same period in the previous year, the firm earned $0.63 earnings per share. The firm's quarterly revenue was up 22.3% compared to the same quarter last year. Equities research analysts forecast that Camtek Ltd. will post 2.93 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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