Creative Planning Purchases New Position in Camtek Ltd. (NASDAQ:CAMT)

Creative Planning acquired a new stake in Camtek Ltd. (NASDAQ:CAMT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,188 shares of the semiconductor company’s stock, valued at approximately $334,000.

Several other large investors have also modified their holdings of CAMT. Hood River Capital Management LLC increased its position in shares of Camtek by 1.9% in the first quarter. Hood River Capital Management LLC now owns 691,780 shares of the semiconductor company’s stock valued at $57,950,000 after buying an additional 13,094 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of Camtek during the 1st quarter valued at about $55,026,000. Y.D. More Investments Ltd increased its holdings in Camtek by 723.7% during the 2nd quarter. Y.D. More Investments Ltd now owns 626,973 shares of the semiconductor company’s stock worth $78,709,000 after purchasing an additional 550,854 shares during the last quarter. Meitav Investment House Ltd. increased its holdings in Camtek by 2.8% during the 2nd quarter. Meitav Investment House Ltd. now owns 327,028 shares of the semiconductor company’s stock worth $40,981,000 after purchasing an additional 8,906 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Camtek by 34.0% in the 2nd quarter. Millennium Management LLC now owns 217,617 shares of the semiconductor company’s stock valued at $27,254,000 after acquiring an additional 55,234 shares during the last quarter. 41.93% of the stock is owned by institutional investors and hedge funds.

Camtek Stock Down 2.4 %

Shares of NASDAQ:CAMT opened at $80.53 on Friday. The firm has a market cap of $3.65 billion, a P/E ratio of 41.09, a P/E/G ratio of 1.49 and a beta of 1.38. The company has a quick ratio of 4.29, a current ratio of 5.21 and a debt-to-equity ratio of 0.42. Camtek Ltd. has a 12-month low of $58.55 and a 12-month high of $140.50. The business has a fifty day simple moving average of $79.70 and a 200 day simple moving average of $95.48.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Northland Capmk upgraded Camtek from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. Northland Securities upgraded Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 target price on the stock in a research note on Monday, August 5th. StockNews.com upgraded Camtek from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Needham & Company LLC restated a “buy” rating and set a $140.00 target price on shares of Camtek in a research note on Friday, August 2nd. Finally, B. Riley cut their price target on Camtek from $150.00 to $140.00 and set a “buy” rating for the company in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $116.57.

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.