Wellington Management Group LLP boosted its stake in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 45.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 148,590 shares of the semiconductor company's stock after buying an additional 46,512 shares during the period. Wellington Management Group LLP owned approximately 0.33% of Camtek worth $12,002,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Clal Insurance Enterprises Holdings Ltd grew its position in Camtek by 10.2% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,670,000 shares of the semiconductor company's stock valued at $135,743,000 after acquiring an additional 154,548 shares in the last quarter. Menora Mivtachim Holdings LTD. grew its position in Camtek by 81.8% in the 4th quarter. Menora Mivtachim Holdings LTD. now owns 1,566,433 shares of the semiconductor company's stock valued at $126,521,000 after acquiring an additional 705,000 shares in the last quarter. Wasatch Advisors LP grew its position in Camtek by 311.8% in the 4th quarter. Wasatch Advisors LP now owns 1,192,784 shares of the semiconductor company's stock valued at $96,341,000 after acquiring an additional 903,126 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its position in Camtek by 32.6% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,135,453 shares of the semiconductor company's stock valued at $91,711,000 after acquiring an additional 279,000 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Camtek by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 983,986 shares of the semiconductor company's stock valued at $80,028,000 after acquiring an additional 14,702 shares in the last quarter. 41.93% of the stock is currently owned by hedge funds and other institutional investors.
Camtek Stock Up 1.8%
Shares of Camtek stock traded up $1.33 on Friday, reaching $73.49. 181,537 shares of the company were exchanged, compared to its average volume of 562,841. Camtek Ltd. has a 1-year low of $47.41 and a 1-year high of $140.50. The company has a market cap of $3.35 billion, a P/E ratio of 30.37, 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 current ratio of 5.00 and a quick ratio of 4.11. The stock's 50 day moving average price is $64.04 and its 200-day moving average price is $74.26.
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. The business 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%. The business's revenue for the quarter was up 22.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.63 earnings per share. As a group, equities analysts forecast that Camtek Ltd. will post 2.93 EPS for the current year.
Wall Street Analysts Forecast Growth
CAMT has been the subject of several research reports. Jefferies Financial Group dropped their target price on Camtek from $120.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, March 28th. B. Riley lifted their target price on Camtek from $85.00 to $95.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Needham & Company LLC dropped their target price on Camtek from $110.00 to $80.00 and set a "buy" rating for the company in a research report on Wednesday, May 14th. Barclays dropped their target price on Camtek from $120.00 to $85.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Finally, Wall Street Zen raised Camtek from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Two research 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, the company presently has an average rating of "Moderate Buy" and a consensus price target of $90.78.
Check Out Our Latest Report on CAMT
Camtek Company Profile
(
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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