Stephens Investment Management Group LLC Buys New Position in Camtek Ltd. $CAMT

Stephens Investment Management Group LLC purchased a new position in shares of Camtek Ltd. (NASDAQ:CAMT) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 54,718 shares of the semiconductor company’s stock, valued at approximately $8,296,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CAMT. Daiwa Securities Group Inc. increased its position in shares of Camtek by 202.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 299 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 200 shares during the period. Advisory Services Network LLC acquired a new position in shares of Camtek in the 3rd quarter worth approximately $32,000. Advisors Asset Management Inc. lifted its stake in Camtek by 61.6% during the first quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 293 shares during the last quarter. Global Retirement Partners LLC bought a new stake in Camtek during the fourth quarter worth approximately $52,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Camtek in the fourth quarter valued at $63,000. Institutional investors own 41.93% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on CAMT. Jefferies Financial Group upped their target price on Camtek from $185.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Barclays upped their price target on shares of Camtek from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Needham & Company LLC boosted their target price on shares of Camtek from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Oppenheimer upped their price target on Camtek from $180.00 to $195.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Finally, Morgan Stanley lifted their target price on Camtek from $161.00 to $163.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 13th. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $174.33.

Camtek Price Performance

Shares of CAMT opened at $142.50 on Monday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 7.46 and a current ratio of 8.35. The firm has a market cap of $6.65 billion, a PE ratio of 163.79, a PEG ratio of 3.42 and a beta of 1.55. Camtek Ltd. has a twelve month low of $75.75 and a twelve month high of $215.99. The firm’s 50 day moving average price is $176.29 and its 200 day moving average price is $158.72.

Camtek (NASDAQ:CAMT) last released its quarterly earnings data on Tuesday, May 12th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.01. Camtek had a net margin of 9.63% and a return on equity of 22.26%. The business had revenue of $121.66 million during the quarter, compared to analyst estimates of $120.15 million. During the same quarter in the previous year, the business earned $0.79 EPS. Camtek’s quarterly revenue was up 2.6% compared to the same quarter last year. As a group, research analysts expect that Camtek Ltd. will post 3.14 EPS for the current fiscal year.

Camtek Company 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.