Legal & General Group Plc Has $15.09 Million Stake in Camtek Ltd. $CAMT

Legal & General Group Plc increased its stake in Camtek Ltd. (NASDAQ:CAMT) by 26.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 140,450 shares of the semiconductor company’s stock after purchasing an additional 29,080 shares during the quarter. Legal & General Group Plc’s holdings in Camtek were worth $15,093,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Camtek by 1.5% during the third quarter. Vanguard Group Inc. now owns 1,079,022 shares of the semiconductor company’s stock worth $113,454,000 after acquiring an additional 15,432 shares in the last quarter. Brown Capital Management LLC raised its holdings in shares of Camtek by 1.2% during the third quarter. Brown Capital Management LLC now owns 1,153,943 shares of the semiconductor company’s stock valued at $121,222,000 after purchasing an additional 13,806 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Camtek by 42.8% during the third quarter. JPMorgan Chase & Co. now owns 51,694 shares of the semiconductor company’s stock valued at $5,430,000 after purchasing an additional 15,490 shares during the period. Ariose Capital Management Ltd bought a new position in shares of Camtek during the 4th quarter worth about $3,903,000. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of Camtek by 31.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 32,056 shares of the semiconductor company’s stock valued at $3,367,000 after buying an additional 7,646 shares during the period. Institutional investors and hedge funds own 41.93% of the company’s stock.

Analyst Ratings Changes

CAMT has been the subject of a number of research analyst reports. Stifel Nicolaus reaffirmed a “hold” rating and issued a $185.00 target price on shares of Camtek in a research report on Friday, April 17th. Weiss Ratings upgraded Camtek from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, May 14th. Jefferies Financial Group boosted their price objective 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 report on Wednesday, May 13th. Finally, Wall Street Zen upgraded Camtek from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Camtek presently has an average rating of “Moderate Buy” and a consensus target price of $174.33.

Camtek Stock Performance

Shares of CAMT stock opened at $187.52 on Wednesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 8.35 and a quick ratio of 7.46. The firm has a 50-day moving average of $174.48 and a 200-day moving average of $147.48. Camtek Ltd. has a one year low of $65.57 and a one year high of $215.99. The company has a market cap of $8.59 billion, a P/E ratio of 215.54, a P/E/G ratio of 3.92 and a beta of 1.54.

Camtek (NASDAQ:CAMT) last released its quarterly earnings results on Tuesday, May 12th. The semiconductor company reported $0.70 earnings per share for the quarter, topping 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 business had revenue of $121.66 million for the quarter, compared to analysts’ expectations of $120.15 million. During the same period in the previous year, the company earned $0.79 earnings per share. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. Equities research analysts forecast that Camtek Ltd. will post 3.14 EPS for the current fiscal year.

About Camtek

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.