Wellington Management Group LLP Increases Stock Position in Camtek Ltd. (NASDAQ:CAMT)

Wellington Management Group LLP raised its position in Camtek Ltd. (NASDAQ:CAMT) by 3,300.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 102,078 shares of the semiconductor company’s stock after acquiring an additional 99,076 shares during the quarter. Wellington Management Group LLP’s holdings in Camtek were worth $8,154,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of CAMT. Blue Trust Inc. grew its stake in shares of Camtek by 4.1% in the second quarter. Blue Trust Inc. now owns 2,721 shares of the semiconductor company’s stock worth $341,000 after purchasing an additional 108 shares during the last quarter. Advisors Asset Management Inc. grew its position in shares of Camtek by 78.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock worth $26,000 after buying an additional 145 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Camtek by 1.6% in the 3rd quarter. Van ECK Associates Corp now owns 9,561 shares of the semiconductor company’s stock worth $755,000 after buying an additional 148 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Camtek by 23,300.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company’s stock valued at $59,000 after buying an additional 466 shares during the period. Finally, Axxcess Wealth Management LLC raised its holdings in shares of Camtek by 5.0% during the second quarter. Axxcess Wealth Management LLC now owns 12,329 shares of the semiconductor company’s stock valued at $1,544,000 after acquiring an additional 586 shares in the last quarter. 41.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CAMT has been the topic of several recent analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $95.00 price target on shares of Camtek in a report on Wednesday, November 13th. StockNews.com raised shares of Camtek from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Stifel Nicolaus reiterated a “buy” rating and set a $105.00 price target on shares of Camtek in a research report on Thursday. Finally, Northland Securities raised their price objective on shares of Camtek from $99.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Camtek presently has an average rating of “Buy” and an average target price of $109.88.

Camtek Stock Up 1.5 %

Shares of Camtek stock opened at $74.87 on Monday. Camtek Ltd. has a 1 year low of $60.90 and a 1 year high of $140.50. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 34.50, a PEG ratio of 1.36 and a beta of 1.34. The company has a 50-day moving average of $77.80 and a 200 day moving average of $92.63. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.28 and a quick ratio of 4.36.

Camtek (NASDAQ:CAMT) last announced its earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. Camtek had a net margin of 26.53% and a return on equity of 24.21%. The business had revenue of $112.30 million during the quarter, compared to the consensus estimate of $108.51 million. During the same quarter last year, the firm earned $0.46 earnings per share. The business’s revenue for the quarter was up 39.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Camtek Ltd. will post 2.53 earnings per share for the current fiscal year.

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.