Jennison Associates LLC Purchases Shares of 4,764 Camtek Ltd. (NASDAQ:CAMT)

Jennison Associates LLC purchased a new stake in Camtek Ltd. (NASDAQ:CAMT) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 4,764 shares of the semiconductor company’s stock, valued at approximately $331,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BluePath Capital Management LLC acquired a new stake in shares of Camtek during the third quarter worth $31,000. Optimum Investment Advisors increased its position in shares of Camtek by 15.0% during the fourth quarter. Optimum Investment Advisors now owns 1,725 shares of the semiconductor company’s stock worth $120,000 after buying an additional 225 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Camtek by 431.5% during the third quarter. PNC Financial Services Group Inc. now owns 1,940 shares of the semiconductor company’s stock worth $121,000 after buying an additional 1,575 shares during the period. C M Bidwell & Associates Ltd. increased its position in shares of Camtek by 3,062.2% during the third quarter. C M Bidwell & Associates Ltd. now owns 2,846 shares of the semiconductor company’s stock worth $177,000 after buying an additional 2,756 shares during the period. Finally, WINTON GROUP Ltd acquired a new stake in shares of Camtek during the third quarter worth $207,000. 41.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CAMT. B. Riley reiterated a “buy” rating and set a $102.00 price objective on shares of Camtek in a research report on Tuesday, March 26th. Barclays increased their price objective on shares of Camtek from $82.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 21st. Finally, Evercore ISI began coverage on shares of Camtek in a research note on Tuesday, April 16th. They set an “outperform” rating and a $100.00 target price on the stock. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Camtek presently has a consensus rating of “Moderate Buy” and an average price target of $74.75.

Camtek Stock Up 4.2 %

Shares of NASDAQ CAMT opened at $82.16 on Monday. The firm has a market cap of $3.69 billion, a PE ratio of 50.72, a P/E/G ratio of 2.82 and a beta of 1.41. Camtek Ltd. has a 12-month low of $25.38 and a 12-month high of $90.54. The company’s fifty day simple moving average is $80.49 and its 200 day simple moving average is $71.70. The company has a quick ratio of 4.77, a current ratio of 5.66 and a debt-to-equity ratio of 0.41.

Camtek (NASDAQ:CAMT) last issued its earnings results on Tuesday, February 20th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.04. Camtek had a net margin of 24.93% and a return on equity of 18.92%. The business had revenue of $88.70 million for the quarter, compared to analyst estimates of $88.02 million. During the same period in the prior year, the firm earned $0.45 earnings per share. Camtek’s revenue was up 7.9% on a year-over-year basis. As a group, sell-side analysts forecast that Camtek Ltd. will post 2.12 earnings per share for the current fiscal year.

Camtek Announces Dividend

The firm also recently disclosed a Variable dividend, which was paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th were paid a $1.33 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. Camtek’s dividend payout ratio (DPR) is 82.10%.

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.