Legato Capital Management LLC Makes New $851,000 Investment in Camtek Ltd. $CAMT

Legato Capital Management LLC acquired a new stake in shares of Camtek Ltd. (NASDAQ:CAMT – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,005 shares of the semiconductor company’s stock, valued at approximately $851,000.

Other hedge funds have also recently made changes to their positions in the company. Advisory Services Network LLC acquired a new position in shares of Camtek during the third quarter valued at about $32,000. Advisors Asset Management Inc. grew its holdings in shares of 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 buying an additional 293 shares during the last quarter. Global Retirement Partners LLC acquired a new position in shares of Camtek during the fourth quarter valued at about $52,000. Rothschild Investment LLC acquired a new position in shares of Camtek during the third quarter valued at about $54,000. Finally, Aventura Private Wealth LLC purchased a new position in Camtek during the fourth quarter worth about $108,000. 41.93% of the stock is currently owned by institutional investors and hedge funds.

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Camtek Stock Performance

Shares of CAMT stock opened at $167.37 on Tuesday. The firm’s 50-day simple moving average is $173.42 and its two-hundred day simple moving average is $145.54. Camtek Ltd. has a 52 week low of $62.88 and a 52 week high of $215.99. 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 $7.67 billion, a price-to-earnings ratio of 192.38, a P/E/G ratio of 4.03 and a beta of 1.61.

Camtek (NASDAQ:CAMT – Get Free Report) last posted its quarterly earnings results 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 company had revenue of $121.66 million for the quarter, compared to analyst estimates of $120.15 million. During the same quarter in the previous year, the firm posted $0.79 earnings per share. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. As a group, equities analysts forecast that Camtek Ltd. will post 3.13 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in 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. Zacks Research upgraded shares of Camtek from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Evercore restated an “outperform” rating and set a $200.00 price target on shares of Camtek in a report on Wednesday, May 13th. Needham & Company LLC boosted their price target on shares of Camtek from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $145.00 price objective on shares of Camtek in a research report on Wednesday, February 18th. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $174.33.

Read Our Latest Stock Analysis on Camtek

Camtek Profile

(Free Report)

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.

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