SG Americas Securities LLC Makes New $1.50 Million Investment in Camtek Ltd. $CAMT

SG Americas Securities LLC bought a new stake in shares of Camtek Ltd. (NASDAQ:CAMT) during the 3rd quarter, Holdings Channel reports. The fund bought 14,305 shares of the semiconductor company’s stock, valued at approximately $1,503,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CAMT. ARK Investment Management LLC increased its position in Camtek by 38.2% during the 2nd quarter. ARK Investment Management LLC now owns 27,386 shares of the semiconductor company’s stock valued at $2,316,000 after purchasing an additional 7,566 shares during the period. Jefferies Financial Group Inc. purchased a new stake in shares of Camtek in the 2nd quarter worth about $338,000. Legal & General Group Plc boosted its stake in shares of Camtek by 18.9% during the 2nd quarter. Legal & General Group Plc now owns 117,163 shares of the semiconductor company’s stock valued at $10,103,000 after purchasing an additional 18,584 shares in the last quarter. Taylor Frigon Capital Management LLC boosted its stake in shares of Camtek by 18.2% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 32,518 shares of the semiconductor company’s stock valued at $2,750,000 after purchasing an additional 5,005 shares in the last quarter. Finally, Mirabella Financial Services LLP purchased a new position in shares of Camtek during the second quarter valued at about $1,142,000. Institutional investors own 41.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on CAMT shares. Wall Street Zen upgraded shares of Camtek from a “sell” rating to a “hold” rating in a report on Sunday, January 11th. Evercore ISI raised their target price on Camtek from $100.00 to $130.00 and gave the company an “outperform” rating in a research note on Tuesday, November 11th. Needham & Company LLC lifted their price target on Camtek from $125.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $120.00 price target on shares of Camtek in a research note on Tuesday, December 16th. Finally, Morgan Stanley started coverage on Camtek in a research report on Monday, December 1st. They set an “equal weight” rating and a $110.00 price objective for the company. 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 MarketBeat.com, Camtek currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.58.

Camtek Stock Up 8.6%

CAMT stock opened at $144.38 on Friday. The business has a 50 day moving average of $112.32 and a 200 day moving average of $102.99. The firm has a market cap of $6.58 billion, a PE ratio of 160.42, a price-to-earnings-growth ratio of 2.86 and a beta of 1.55. Camtek Ltd. has a twelve month low of $47.41 and a twelve month high of $150.00. The company has a quick ratio of 6.52, a current ratio of 7.58 and a debt-to-equity ratio of 0.90.

Camtek Company Profile

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.