Camtek Ltd. $CAMT Stock Position Raised by Brown Capital Management LLC

Brown Capital Management LLC increased its stake in Camtek Ltd. (NASDAQ:CAMT) by 1.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,153,943 shares of the semiconductor company’s stock after purchasing an additional 13,806 shares during the quarter. Camtek accounts for 5.0% of Brown Capital Management LLC’s investment portfolio, making the stock its 2nd largest position. Brown Capital Management LLC’s holdings in Camtek were worth $121,222,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of CAMT. Advisors Asset Management Inc. lifted its holdings in Camtek by 61.6% in the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 293 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Camtek by 12.1% during the first quarter. Goldman Sachs Group Inc. now owns 149,223 shares of the semiconductor company’s stock valued at $8,749,000 after acquiring an additional 16,117 shares during the period. Blue Trust Inc. increased its position in Camtek by 34.9% during the 2nd quarter. Blue Trust Inc. now owns 5,716 shares of the semiconductor company’s stock worth $483,000 after purchasing an additional 1,479 shares in the last quarter. Aberdeen Group plc raised its stake in shares of Camtek by 12.0% in the 2nd quarter. Aberdeen Group plc now owns 217,189 shares of the semiconductor company’s stock valued at $18,463,000 after acquiring an additional 23,218 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in shares of Camtek by 58.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 8,273 shares of the semiconductor company’s stock worth $700,000 after purchasing an additional 3,061 shares in the last quarter. 41.93% of the stock is owned by hedge funds and other institutional investors.

Camtek Trading Down 3.1%

NASDAQ:CAMT opened at $141.94 on Tuesday. The stock has a market cap of $6.47 billion, a PE ratio of 157.71, a price-to-earnings-growth ratio of 3.16 and a beta of 1.57. The company has a debt-to-equity ratio of 0.90, a current ratio of 7.58 and a quick ratio of 6.52. The stock’s 50-day moving average is $123.12 and its two-hundred day moving average is $108.01. Camtek Ltd. has a fifty-two week low of $47.41 and a fifty-two week high of $155.79.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Needham & Company LLC upped their target price on shares of Camtek from $135.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. B. Riley lifted their target price on Camtek from $145.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Cantor Fitzgerald reiterated a “neutral” rating and set a $120.00 price objective on shares of Camtek in a research note on Tuesday, December 16th. Northland Securities set a $140.00 target price on Camtek in a research note on Tuesday, October 7th. Finally, Stifel Nicolaus boosted their price objective on Camtek from $98.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Camtek presently has an average rating of “Moderate Buy” and a consensus target price of $137.17.

About Camtek

Camtek Ltd. (NASDAQ: CAMT) is a provider of automated inspection and metrology solutions for the semiconductor and printed circuit board (PCB) industries. The company develops, manufactures and markets a suite of inline and stand-alone systems that perform high‐resolution 2D and 3D measurements, defect review and process control. Its products are used by integrated device manufacturers, foundries, OSAT (outsourced semiconductor assembly and test) providers, and PCB fabricators to optimize yield, improve product quality and reduce production costs.

Camtek’s core offerings include wafer inspection systems that detect and classify defects on patterned wafers, patterned wafer metrology tools for overlay and critical dimension measurements, and advanced packaging inspection platforms for 3D ICs and fan-out wafer-level packaging.