Camtek Ltd. (NASDAQ:CAMT) Shares Purchased by Marshall Wace LLP

Marshall Wace LLP raised its stake in Camtek Ltd. (NASDAQ:CAMT) by 70.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,907 shares of the semiconductor company’s stock after acquiring an additional 16,078 shares during the period. Marshall Wace LLP owned 0.09% of Camtek worth $4,873,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CAMT. The Manufacturers Life Insurance Company boosted its position in Camtek by 5.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 171,810 shares of the semiconductor company’s stock valued at $11,920,000 after purchasing an additional 8,368 shares during the period. Stephens Inc. AR bought a new position in shares of Camtek during the fourth quarter worth about $1,055,000. Prudential PLC increased its holdings in shares of Camtek by 64.4% in the 4th quarter. Prudential PLC now owns 19,326 shares of the semiconductor company’s stock worth $1,341,000 after acquiring an additional 7,573 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its position in Camtek by 6.0% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,131,671 shares of the semiconductor company’s stock valued at $78,523,000 after purchasing an additional 64,484 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in Camtek during the 4th quarter valued at about $10,704,000. 41.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Needham & Company LLC restated a “buy” rating and issued a $140.00 price target on shares of Camtek in a research note on Friday, August 2nd. Northland Securities upgraded shares of Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 target price for the company in a research report on Monday, August 5th. Northland Capmk upgraded shares of Camtek from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. Finally, B. Riley decreased their price objective on shares of Camtek from $150.00 to $140.00 and set a “buy” rating for the company in a report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $116.57.

Camtek Stock Performance

Shares of CAMT stock opened at $76.67 on Wednesday. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 43.31, a P/E/G ratio of 1.43 and a beta of 1.39. Camtek Ltd. has a 1-year low of $48.50 and a 1-year high of $140.50. The company has a current ratio of 5.21, a quick ratio of 4.29 and a debt-to-equity ratio of 0.42. The stock’s fifty day simple moving average is $88.75 and its 200-day simple moving average is $95.87.

Camtek (NASDAQ:CAMT) last released its earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. The company had revenue of $102.60 million for the quarter, compared to analysts’ expectations of $101.26 million. Camtek had a return on equity of 22.57% and a net margin of 25.93%. The business’s revenue for the quarter was up 39.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.38 EPS. On average, sell-side analysts predict that Camtek Ltd. will post 2.45 earnings per share for the current fiscal year.

Camtek 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.