Wedbush Securities Inc. purchased a new stake in shares of Camtek Ltd. (NASDAQ:CAMT – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,298 shares of the semiconductor company’s stock, valued at approximately $533,000.
Other institutional investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of Camtek in the first quarter worth approximately $31,000. Advisors Asset Management Inc. raised its position in Camtek by 61.6% in the first quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 293 shares during the period. Optimum Investment Advisors boosted its stake in shares of Camtek by 60.0% during the 2nd quarter. Optimum Investment Advisors now owns 1,200 shares of the semiconductor company’s stock worth $101,000 after acquiring an additional 450 shares during the last quarter. Petrus Trust Company LTA grew its position in shares of Camtek by 12.9% during the 1st quarter. Petrus Trust Company LTA now owns 3,706 shares of the semiconductor company’s stock valued at $217,000 after acquiring an additional 422 shares during the period. Finally, State of Wyoming grew its position in shares of Camtek by 111.0% during the 1st quarter. State of Wyoming now owns 4,264 shares of the semiconductor company’s stock valued at $250,000 after acquiring an additional 2,243 shares during the period. Institutional investors own 41.93% of the company’s stock.
Camtek Stock Performance
NASDAQ CAMT opened at $104.10 on Wednesday. The company has a quick ratio of 4.38, a current ratio of 5.41 and a debt-to-equity ratio of 0.32. Camtek Ltd. has a twelve month low of $47.41 and a twelve month high of $129.41. The business has a 50-day moving average price of $107.83 and a 200-day moving average price of $89.58. The firm has a market cap of $4.75 billion, a price-to-earnings ratio of 38.13, a price-to-earnings-growth ratio of 3.24 and a beta of 1.46.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on CAMT shares. Stifel Nicolaus raised their target price on Camtek from $98.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Zacks Research upgraded Camtek to a “hold” rating in a research report on Monday, August 11th. Northland Securities set a $140.00 price objective on Camtek in a research report on Tuesday, October 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Camtek in a research note on Wednesday, October 8th. Finally, B. Riley increased their target price on shares of Camtek from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $116.80.
Check Out Our Latest Stock Analysis on CAMT
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.
Featured Articles
- Five stocks we like better than Camtek
- 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion
- 3 Beaten-Down Stocks With Rebound Potential This Earnings Season
- Dividend Capture Strategy: What You Need to Know
- Amazon Is One of the Clearest Buys If the Market Dips Again
- What is the MACD Indicator and How to Use it in Your Trading
- CoreWeave’s Guidance Cut: A Buying Opportunity in Disguise?
Receive News & Ratings for Camtek Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camtek and related companies with MarketBeat.com's FREE daily email newsletter.
