Legal & General Group Plc Buys 29,080 Shares of Camtek Ltd. $CAMT

Legal & General Group Plc grew its position in Camtek Ltd. (NASDAQ:CAMT) by 26.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 140,450 shares of the semiconductor company’s stock after acquiring an additional 29,080 shares during the period. Legal & General Group Plc owned 0.31% of Camtek worth $15,093,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in Camtek by 42.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 51,694 shares of the semiconductor company’s stock worth $5,430,000 after purchasing an additional 15,490 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Camtek by 1.5% during the third quarter. Vanguard Group Inc. now owns 1,079,022 shares of the semiconductor company’s stock valued at $113,454,000 after purchasing an additional 15,432 shares in the last quarter. Brown Capital Management LLC grew its holdings in shares of Camtek by 1.2% during the third quarter. Brown Capital Management LLC now owns 1,153,943 shares of the semiconductor company’s stock worth $121,222,000 after purchasing an additional 13,806 shares during the last quarter. Ariose Capital Management Ltd bought a new stake in shares of Camtek during the fourth quarter worth about $3,903,000. Finally, Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management increased its stake in shares of Camtek by 35.6% in the fourth quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management now owns 42,031 shares of the semiconductor company’s stock valued at $4,470,000 after buying an additional 11,031 shares during the period. Institutional investors and hedge funds own 41.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CAMT shares. Wall Street Zen upgraded shares of Camtek from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Northland Securities set a $174.00 price target on shares of Camtek in a research report on Wednesday, May 13th. Weiss Ratings raised shares of Camtek from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 14th. Jefferies Financial Group lifted their price target on shares of Camtek from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Finally, Evercore reissued an “outperform” rating and issued a $200.00 price objective on shares of Camtek in a research note on Wednesday, May 13th. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.33.

Camtek Price Performance

CAMT stock opened at $187.52 on Wednesday. The firm has a market cap of $8.59 billion, a price-to-earnings ratio of 215.54, a PEG ratio of 3.92 and a beta of 1.54. The company has a quick ratio of 7.46, a current ratio of 8.35 and a debt-to-equity ratio of 0.71. Camtek Ltd. has a 12-month low of $65.57 and a 12-month high of $215.99. The company’s fifty day simple moving average is $174.48 and its 200 day simple moving average is $147.48.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings results on Tuesday, May 12th. The semiconductor company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. Camtek had a return on equity of 22.26% and a net margin of 9.63%.The firm had revenue of $121.66 million during the quarter, compared to the consensus estimate of $120.15 million. During the same period last year, the business posted $0.79 EPS. The business’s revenue was up 2.6% compared to the same quarter last year. On average, analysts expect that Camtek Ltd. will post 3.14 earnings per share for the current year.

Camtek Profile

Camtek Ltd. (NASDAQ: CAMT) is a provider of automated inspection and metrology solutions for the semiconductor and printed circuit board (PCB) industries. The company develops, manufactures and markets a suite of inline and stand-alone systems that perform high‐resolution 2D and 3D measurements, defect review and process control. Its products are used by integrated device manufacturers, foundries, OSAT (outsourced semiconductor assembly and test) providers, and PCB fabricators to optimize yield, improve product quality and reduce production costs.

Camtek’s core offerings include wafer inspection systems that detect and classify defects on patterned wafers, patterned wafer metrology tools for overlay and critical dimension measurements, and advanced packaging inspection platforms for 3D ICs and fan-out wafer-level packaging.