Camtek Ltd. (NASDAQ:CAMT) Shares Acquired by Wells Fargo & Company MN

Wells Fargo & Company MN raised its position in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 74.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,231 shares of the semiconductor company's stock after buying an additional 5,200 shares during the quarter. Wells Fargo & Company MN's holdings in Camtek were worth $988,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Virtu Financial LLC grew its stake in Camtek by 104.7% during the 3rd quarter. Virtu Financial LLC now owns 8,302 shares of the semiconductor company's stock valued at $663,000 after purchasing an additional 4,247 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Camtek during the 3rd quarter valued at approximately $53,000. Tidal Investments LLC boosted its holdings in Camtek by 4.6% during the third quarter. Tidal Investments LLC now owns 20,914 shares of the semiconductor company's stock worth $1,670,000 after buying an additional 914 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in Camtek by 9.3% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 963,874 shares of the semiconductor company's stock valued at $77,852,000 after buying an additional 81,709 shares during the period. Finally, Blue Trust Inc. increased its holdings in Camtek by 24.0% in the fourth quarter. Blue Trust Inc. now owns 4,986 shares of the semiconductor company's stock valued at $398,000 after buying an additional 966 shares in the last quarter. 41.93% of the stock is owned by hedge funds and other institutional investors.

Camtek Trading Up 4.1 %

Shares of CAMT stock traded up $2.69 on Friday, hitting $68.57. 250,322 shares of the stock traded hands, compared to its average volume of 572,287. Camtek Ltd. has a twelve month low of $47.41 and a twelve month high of $140.50. The stock has a market capitalization of $3.13 billion, a PE ratio of 28.33, a PEG ratio of 1.89 and a beta of 1.36. The firm's 50-day moving average price is $63.49 and its two-hundred day moving average price is $76.26. 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 posted its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.06). Camtek had a net margin of 27.61% and a return on equity of 24.99%. As a group, analysts anticipate that Camtek Ltd. will post 2.93 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CAMT shares. Northland Securities upped their price target on Camtek from $102.00 to $120.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. Barclays reduced their price objective on shares of Camtek from $120.00 to $85.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Cantor Fitzgerald began coverage on shares of Camtek in a research report on Monday, January 13th. They issued a "neutral" rating and a $100.00 target price on the stock. Bank of America reduced their price target on shares of Camtek from $105.00 to $80.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Finally, Jefferies Financial Group reduced their target price on Camtek from $120.00 to $85.00 and set a "buy" rating for the company in a report on Friday, March 28th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Camtek currently has an average rating of "Moderate Buy" and an average price target of $103.13.

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.