Norges Bank purchased a new position in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 55,928 shares of the semiconductor company's stock, valued at approximately $4,551,000. Norges Bank owned about 0.12% of Camtek as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Clal Insurance Enterprises Holdings Ltd raised its holdings in Camtek by 10.2% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,670,000 shares of the semiconductor company's stock valued at $135,743,000 after acquiring an additional 154,548 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Camtek by 32.6% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,135,453 shares of the semiconductor company's stock valued at $91,711,000 after purchasing an additional 279,000 shares in the last quarter. Vanguard Group Inc. lifted its position in Camtek by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 983,986 shares of the semiconductor company's stock worth $80,028,000 after purchasing an additional 14,702 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Camtek by 9.3% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 963,874 shares of the semiconductor company's stock worth $77,852,000 after buying an additional 81,709 shares in the last quarter. Finally, Meitav Investment House Ltd. increased its holdings in Camtek by 119.3% in the 4th quarter. Meitav Investment House Ltd. now owns 818,123 shares of the semiconductor company's stock valued at $66,159,000 after buying an additional 445,079 shares during the period. 41.93% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
CAMT has been the subject of a number of analyst reports. Needham & Company LLC restated a "buy" rating and set a $110.00 price target on shares of Camtek in a research note on Thursday, February 13th. Barclays cut their target price on Camtek from $140.00 to $120.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. StockNews.com cut Camtek from a "hold" rating to a "sell" rating in a research report on Monday. Jefferies Financial Group cut their price objective on Camtek from $120.00 to $85.00 and set a "buy" rating for the company in a report on Friday, March 28th. Finally, Northland Securities upped their target price on shares of Camtek from $102.00 to $120.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Camtek has an average rating of "Moderate Buy" and a consensus price target of $110.22.
Check Out Our Latest Analysis on Camtek
Camtek Trading Up 0.4 %
NASDAQ CAMT traded up $0.23 during trading hours on Tuesday, hitting $60.38. The company's stock had a trading volume of 13,154 shares, compared to its average volume of 570,732. Camtek Ltd. has a twelve month low of $47.41 and a twelve month high of $140.50. The firm has a market capitalization of $2.75 billion, a P/E ratio of 24.96, a PEG ratio of 1.89 and a beta of 1.42. The company has a quick ratio of 4.11, a current ratio of 5.00 and a debt-to-equity ratio of 0.36. The stock has a fifty day moving average of $69.41 and a 200 day moving average of $77.92.
Camtek (NASDAQ:CAMT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.06). Camtek had a return on equity of 24.99% and a net margin of 27.61%. Equities research analysts forecast that Camtek Ltd. will post 2.93 earnings per share for the current fiscal year.
Camtek Company Profile
(
Free Report)
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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