Stephens Investment Management Group LLC Invests $8.30 Million in Camtek Ltd. $CAMT

Stephens Investment Management Group LLC bought a new position in Camtek Ltd. (NASDAQ:CAMT) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 54,718 shares of the semiconductor company’s stock, valued at approximately $8,296,000. Stephens Investment Management Group LLC owned 0.12% of Camtek at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. USS Investment Management Ltd lifted its stake in shares of Camtek by 5.4% in the 1st quarter. USS Investment Management Ltd now owns 24,557 shares of the semiconductor company’s stock valued at $3,723,000 after purchasing an additional 1,248 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Camtek in the first quarter worth $280,000. Blue Trust Inc. lifted its holdings in shares of Camtek by 144.5% during the 1st quarter. Blue Trust Inc. now owns 2,110 shares of the semiconductor company’s stock valued at $320,000 after acquiring an additional 1,247 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Camtek in the 4th quarter valued at $63,000. Finally, Virtu Financial LLC raised its position in Camtek by 139.6% in the fourth quarter. Virtu Financial LLC now owns 5,566 shares of the semiconductor company’s stock valued at $592,000 after purchasing an additional 3,243 shares during the period. Hedge funds and other institutional investors own 41.93% of the company’s stock.

Camtek Stock Performance

Camtek stock 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. Camtek Ltd. has a 1 year low of $75.75 and a 1 year high of $215.99. The firm’s 50-day moving average is $176.29 and its 200-day moving average is $158.72. The company has a market cap of $6.65 billion, a P/E ratio of 163.79, a PEG ratio of 3.42 and a beta of 1.55.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings results on Tuesday, May 12th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.01. The business had revenue of $121.66 million for the quarter, compared to the consensus estimate of $120.15 million. Camtek had a return on equity of 22.26% and a net margin of 9.63%.The business’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the business posted $0.79 EPS. On average, equities analysts expect that Camtek Ltd. will post 3.14 earnings per share for the current year.

Analysts Set New Price Targets

CAMT has been the topic of several recent research reports. Stifel Nicolaus reissued a “hold” rating and set a $185.00 price target on shares of Camtek in a research report on Friday, April 17th. Needham & Company LLC raised their target price on Camtek from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Jefferies Financial Group increased their price target on Camtek from $185.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Northland Securities set a $174.00 target price on Camtek in a research note on Wednesday, May 13th. Finally, Weiss Ratings raised shares of Camtek from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, May 14th. Seven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Camtek presently has an average rating of “Moderate Buy” and a consensus target price of $174.33.

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.