Legal & General Group Plc raised its stake in Camtek Ltd. (NASDAQ:CAMT – Free Report) by 18.9% in the second quarter, Holdings Channel reports. The firm owned 117,163 shares of the semiconductor company’s stock after acquiring an additional 18,584 shares during the quarter. Legal & General Group Plc’s holdings in Camtek were worth $10,103,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. ARK Investment Management LLC increased its holdings in Camtek by 38.2% during the second quarter. ARK Investment Management LLC now owns 27,386 shares of the semiconductor company’s stock worth $2,316,000 after buying an additional 7,566 shares during the last quarter. Taylor Frigon Capital Management LLC lifted its stake in Camtek by 18.2% in the second quarter. Taylor Frigon Capital Management LLC now owns 32,518 shares of the semiconductor company’s stock valued at $2,750,000 after acquiring an additional 5,005 shares during the last quarter. Stephens Inc. AR bought a new position in shares of Camtek in the 2nd quarter valued at about $561,000. Y.D. More Investments Ltd increased its stake in shares of Camtek by 22.5% during the 2nd quarter. Y.D. More Investments Ltd now owns 644,657 shares of the semiconductor company’s stock worth $55,435,000 after purchasing an additional 118,226 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Camtek by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 1,002,302 shares of the semiconductor company’s stock valued at $58,715,000 after purchasing an additional 18,316 shares during the period. Institutional investors own 41.93% of the company’s stock.
Camtek Stock Performance
NASDAQ:CAMT opened at $105.40 on Tuesday. The stock has a 50 day simple moving average of $111.59 and a 200 day simple moving average of $92.80. The stock has a market cap of $4.81 billion, a P/E ratio of 38.61, a PEG ratio of 3.24 and a beta of 1.46. Camtek Ltd. has a 1-year low of $47.41 and a 1-year high of $129.41. The company has a current ratio of 5.41, a quick ratio of 4.38 and a debt-to-equity ratio of 0.32.
Analysts Set New Price Targets
CAMT has been the subject of a number of research analyst reports. Jefferies Financial Group set a $105.00 price target on Camtek and gave the stock a “buy” rating in a report on Tuesday, August 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Camtek in a research note on Wednesday, October 8th. Needham & Company LLC boosted their target price on Camtek from $80.00 to $98.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Barclays increased their price target on Camtek from $85.00 to $120.00 and gave the company an “overweight” rating in a research note on Tuesday, November 11th. Finally, Evercore ISI lifted their price objective on shares of Camtek from $100.00 to $130.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 11th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $116.18.
Read Our Latest Stock Analysis on Camtek
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.
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