Allspring Global Investments Holdings LLC Has $11.67 Million Stock Holdings in Camtek Ltd. (NASDAQ:CAMT)

Allspring Global Investments Holdings LLC boosted its holdings in Camtek Ltd. (NASDAQ:CAMT) by 25.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 144,465 shares of the semiconductor company’s stock after purchasing an additional 29,579 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.32% of Camtek worth $11,668,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. grew its position in 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 purchasing an additional 145 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Camtek by 1.6% during 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 in the last quarter. Prentiss Smith & Co. Inc. boosted its stake in shares of Camtek by 10.8% in the 4th quarter. Prentiss Smith & Co. Inc. now owns 2,786 shares of the semiconductor company’s stock worth $225,000 after buying an additional 272 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Camtek in the third quarter valued at approximately $53,000. Finally, Aigen Investment Management LP grew its holdings in shares of Camtek by 31.7% in the third quarter. Aigen Investment Management LP now owns 3,247 shares of the semiconductor company’s stock valued at $259,000 after acquiring an additional 782 shares in the last quarter. 41.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CAMT shares. Northland Securities increased their price target on shares of Camtek from $102.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Barclays dropped their target price on shares of Camtek from $140.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. StockNews.com upgraded shares of Camtek from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Stifel Nicolaus reiterated a “buy” rating and issued a $105.00 price objective on shares of Camtek in a research note on Thursday, December 12th. Finally, Needham & Company LLC reissued a “buy” rating and set a $110.00 price objective on shares of Camtek in a report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.11.

Camtek Price Performance

Shares of Camtek stock opened at $86.82 on Tuesday. The business’s 50-day moving average price is $87.75 and its 200-day moving average price is $83.89. The firm has a market capitalization of $3.94 billion, a PE ratio of 40.01, a price-to-earnings-growth ratio of 1.43 and a beta of 1.34. Camtek Ltd. has a 12 month low of $69.83 and a 12 month high of $140.50. The company has a current ratio of 5.28, a quick ratio of 4.36 and a debt-to-equity ratio of 0.38.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.06). Camtek had a return on equity of 24.21% and a net margin of 26.53%. Sell-side analysts forecast that Camtek Ltd. will post 2.53 EPS 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.