Invesco Ltd. Raises Position in Camtek Ltd. (NASDAQ:CAMT)

Invesco Ltd. raised its holdings in shares of Camtek Ltd. (NASDAQ:CAMT) by 25.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 278,621 shares of the semiconductor company’s stock after acquiring an additional 56,590 shares during the period. Invesco Ltd.’s holdings in Camtek were worth $22,504,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Stifel Financial Corp boosted its holdings in Camtek by 77.3% during the 3rd quarter. Stifel Financial Corp now owns 3,151 shares of the semiconductor company’s stock valued at $252,000 after acquiring an additional 1,374 shares during the period. Virtu Financial LLC boosted its stake in shares of Camtek by 104.7% during the third 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 period. Wilmington Savings Fund Society FSB bought a new position in shares of Camtek in the third quarter worth approximately $53,000. Tidal Investments LLC increased its stake in shares of Camtek by 4.6% in 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 during the period. Finally, Harel Insurance Investments & Financial Services Ltd. raised its holdings in Camtek by 9.3% during the 4th 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 last quarter. 41.93% of the stock is owned by institutional investors.

Camtek Stock Performance

Shares of Camtek stock opened at $60.37 on Friday. Camtek Ltd. has a 12 month low of $47.41 and a 12 month high of $140.50. The firm has a market capitalization of $2.75 billion, a P/E ratio of 24.95, a P/E/G ratio of 1.89 and a beta of 1.42. The company has a current ratio of 5.00, a quick ratio of 4.11 and a debt-to-equity ratio of 0.36. The business has a fifty day simple moving average of $67.65 and a two-hundred day simple moving average of $77.53.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings data on Wednesday, February 12th. The semiconductor company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.06). Camtek had a return on equity of 24.99% and a net margin of 27.61%. On average, equities analysts forecast that Camtek Ltd. will post 2.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on CAMT. Needham & Company LLC restated a “buy” rating and issued a $110.00 price objective on shares of Camtek in a research report on Thursday, February 13th. Barclays dropped their price objective on Camtek from $140.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Jefferies Financial Group reduced their target price on Camtek from $120.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, March 28th. Bank of America dropped their price target on Camtek from $105.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, StockNews.com cut shares of Camtek from a “hold” rating to a “sell” rating in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $107.50.

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.