Camtek Ltd. (NASDAQ:CAMT) Shares Acquired by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP lifted its stake in Camtek Ltd. (NASDAQ:CAMT) by 46.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 284,845 shares of the semiconductor company’s stock after purchasing an additional 90,608 shares during the quarter. Westfield Capital Management Co. LP owned about 0.64% of Camtek worth $19,763,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Eagle Global Advisors LLC grew its position in Camtek by 44.6% in the fourth quarter. Eagle Global Advisors LLC now owns 24,300 shares of the semiconductor company’s stock worth $1,686,000 after acquiring an additional 7,500 shares during the period. AXS Investments LLC acquired a new stake in shares of Camtek during the fourth quarter worth about $451,000. Renaissance Group LLC increased its position in shares of Camtek by 7.7% during the fourth quarter. Renaissance Group LLC now owns 41,014 shares of the semiconductor company’s stock worth $2,846,000 after purchasing an additional 2,943 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Camtek during the fourth quarter worth about $214,000. Finally, USA Financial Formulas increased its position in shares of Camtek by 1,436.2% during the fourth quarter. USA Financial Formulas now owns 722 shares of the semiconductor company’s stock worth $50,000 after purchasing an additional 675 shares in the last quarter. Institutional investors and hedge funds own 41.93% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Northland Securities lowered Camtek from an “outperform” rating to a “market perform” rating in a report on Thursday, May 16th. Barclays boosted their price target on Camtek from $90.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, May 10th. Needham & Company LLC boosted their price target on Camtek from $92.00 to $106.00 and gave the company a “buy” rating in a report on Friday, May 10th. Northland Capmk downgraded Camtek from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 16th. Finally, B. Riley reaffirmed a “buy” rating and set a $110.00 price target (up from $102.00) on shares of Camtek in a research report on Friday, May 10th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Camtek has an average rating of “Moderate Buy” and a consensus price target of $96.25.

Camtek Stock Up 1.6 %

NASDAQ:CAMT traded up $1.64 on Friday, reaching $105.85. The stock had a trading volume of 299,607 shares, compared to its average volume of 458,341. The company has a current ratio of 3.66, a quick ratio of 3.08 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average of $85.31 and a 200 day moving average of $76.61. The stock has a market cap of $4.75 billion, a P/E ratio of 59.80, a price-to-earnings-growth ratio of 2.28 and a beta of 1.39. Camtek Ltd. has a 12-month low of $27.54 and a 12-month high of $106.78.

Camtek Announces Dividend

The business also recently announced a Variable dividend, which was paid on Thursday, April 18th. Stockholders 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 presently 75.14%.

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.