UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Camtek Ltd. (NASDAQ:CAMT – Free Report) by 110.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,015,307 shares of the semiconductor company’s stock after buying an additional 532,944 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 2.23% of Camtek worth $59,527,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Cetera Investment Advisers lifted its position in Camtek by 3.3% during the 4th quarter. Cetera Investment Advisers now owns 5,288 shares of the semiconductor company’s stock worth $427,000 after buying an additional 171 shares in the last quarter. Advisors Asset Management Inc. lifted its position in Camtek by 61.6% during the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock worth $45,000 after buying an additional 293 shares in the last quarter. Blue Trust Inc. lifted its position in Camtek by 9.0% during the 1st quarter. Blue Trust Inc. now owns 4,237 shares of the semiconductor company’s stock worth $248,000 after buying an additional 351 shares in the last quarter. Petrus Trust Company LTA lifted its position in Camtek by 12.9% during the 1st quarter. Petrus Trust Company LTA now owns 3,706 shares of the semiconductor company’s stock worth $217,000 after buying an additional 422 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Camtek by 4.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 11,609 shares of the semiconductor company’s stock worth $681,000 after buying an additional 457 shares in the last quarter. Institutional investors and hedge funds own 41.93% of the company’s stock.
Camtek Price Performance
NASDAQ CAMT opened at $87.02 on Monday. The business has a 50 day simple moving average of $87.37 and a 200 day simple moving average of $74.60. Camtek Ltd. has a 52-week low of $47.41 and a 52-week high of $110.73. The company has a debt-to-equity ratio of 0.32, a quick ratio of 4.38 and a current ratio of 5.41. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 31.88, a PEG ratio of 2.26 and a beta of 1.35.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on CAMT shares. Wall Street Zen upgraded shares of Camtek from a “sell” rating to a “hold” rating in a research report on Wednesday, May 21st. Evercore ISI upped their price target on shares of Camtek from $82.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Needham & Company LLC upped their target price on shares of Camtek from $80.00 to $98.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Oppenheimer assumed coverage on shares of Camtek in a research report on Wednesday, July 2nd. They set an “outperform” rating and a $100.00 target price on the stock. Finally, Cantor Fitzgerald set a $80.00 target price on shares of Camtek and gave the company a “neutral” rating in a research report on Tuesday, June 24th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $96.10.
Read Our Latest Analysis on Camtek
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.
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