Camtek Ltd. (NASDAQ:CAMT) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP raised its position in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 45.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 148,590 shares of the semiconductor company's stock after purchasing an additional 46,512 shares during the quarter. Wellington Management Group LLP owned 0.33% of Camtek worth $12,002,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its position 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 worth $33,000 after purchasing an additional 324 shares during the last quarter. Huntington National Bank increased its stake 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 buying an additional 123 shares during the period. State of Wyoming increased its stake in Camtek by 146.2% in the 4th quarter. State of Wyoming now owns 2,021 shares of the semiconductor company's stock worth $163,000 after buying an additional 1,200 shares during the period. Optimum Investment Advisors lifted its holdings in Camtek by 43.3% during the 4th quarter. Optimum Investment Advisors now owns 2,150 shares of the semiconductor company's stock valued at $174,000 after buying an additional 650 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in Camtek in the 4th quarter valued at about $209,000. 41.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Needham & Company LLC reduced their price objective on Camtek from $110.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, May 14th. B. Riley upped their target price on Camtek from $85.00 to $95.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Wall Street Zen upgraded Camtek from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Jefferies Financial Group decreased their price objective on Camtek from $120.00 to $85.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Finally, Evercore ISI dropped their price objective on Camtek from $100.00 to $82.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 14th. Two 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 company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $90.78.

Camtek Stock Up 6.8%

NASDAQ:CAMT traded up $4.66 during mid-day trading on Wednesday, hitting $72.70. 537,123 shares of the company's stock traded hands, compared to its average volume of 563,311. The company has a fifty day moving average of $63.21 and a 200 day moving average of $74.30. Camtek Ltd. has a twelve month low of $47.41 and a twelve month high of $140.50. The company has a market capitalization of $3.31 billion, a P/E ratio of 30.04, a P/E/G 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.

Camtek (NASDAQ:CAMT - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The semiconductor company reported $0.79 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $119.00 million. During the same quarter last year, the company earned $0.63 earnings per share. The company's quarterly revenue was up 22.3% on a year-over-year basis. On average, analysts forecast that Camtek Ltd. will post 2.93 EPS for the current year.

About Camtek

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.