ARK Investment Management LLC lifted its stake in shares of Camtek Ltd. (NASDAQ:CAMT – Get Rating) by 4.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,116 shares of the semiconductor company’s stock after acquiring an additional 2,835 shares during the quarter. ARK Investment Management LLC owned 0.16% of Camtek worth $2,100,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of CAMT. Quantbot Technologies LP acquired a new stake in shares of Camtek in the first quarter worth $220,000. Bank of America Corp DE boosted its position in shares of Camtek by 143.8% in the first quarter. Bank of America Corp DE now owns 8,593 shares of the semiconductor company’s stock worth $261,000 after buying an additional 5,068 shares during the period. Jag Capital Management LLC boosted its position in Camtek by 20.2% during the fourth quarter. Jag Capital Management LLC now owns 6,771 shares of the semiconductor company’s stock valued at $312,000 after purchasing an additional 1,139 shares during the last quarter. HighTower Advisors LLC boosted its position in Camtek by 4.2% during the fourth quarter. HighTower Advisors LLC now owns 8,583 shares of the semiconductor company’s stock valued at $395,000 after purchasing an additional 343 shares during the last quarter. Finally, Paradiem LLC boosted its position in Camtek by 7.5% during the first quarter. Paradiem LLC now owns 13,540 shares of the semiconductor company’s stock valued at $418,000 after purchasing an additional 943 shares during the last quarter. 27.34% of the stock is owned by institutional investors.
Camtek Trading Up 0.2 %
Camtek stock opened at $25.10 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 5.47 and a current ratio of 6.28. The business’s 50-day simple moving average is $28.03 and its 200-day simple moving average is $28.55. The firm has a market capitalization of $1.11 billion, a PE ratio of 16.96, a PEG ratio of 2.42 and a beta of 1.53. Camtek Ltd. has a 52 week low of $22.89 and a 52 week high of $49.60.
Analysts Set New Price Targets
CAMT has been the topic of several recent research reports. Barclays lowered Camtek from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $28.75 to $32.00 in a report on Monday, August 1st. Bank of America cut their target price on Camtek from $33.00 to $30.00 and set a “neutral” rating on the stock in a report on Wednesday, June 29th. Finally, B. Riley lowered Camtek from a “buy” rating to a “neutral” rating and cut their target price for the company from $35.00 to $29.00 in a report on Wednesday, June 15th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Camtek currently has a consensus rating of “Hold” and a consensus target price of $35.25.
Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for the advanced interconnect packaging, memory, complementary metal oxide semiconductor image sensors, micro-electro mechanical systems, radio frequency, and other segments of the semiconductor industry.
- Get a free copy of the StockNews.com research report on Camtek (CAMT)
- Kroger’s is Your One-Stop Consumer Staples Stock
- Adobe Perfects the Art of the Faceplant for Investors
- Tax Credits are the Incentives in the Inflation Reduction Act
- 3 Banks Worth Considering For Q4
- Stock Market: 3 Islands Of Strength In A Sea Of Red
Receive News & Ratings for Camtek Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camtek and related companies with MarketBeat.com's FREE daily email newsletter.