XTX Topco Ltd Buys Shares of 8,398 Camtek Ltd. (NASDAQ:CAMT)

XTX Topco Ltd bought a new position in Camtek Ltd. (NASDAQ:CAMT - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,398 shares of the semiconductor company's stock, valued at approximately $671,000.

A number of other hedge funds have also recently modified their holdings of the business. Clal Insurance Enterprises Holdings Ltd grew its holdings in Camtek by 21.5% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,515,452 shares of the semiconductor company's stock valued at $121,734,000 after buying an additional 268,258 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Camtek by 7.5% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 856,453 shares of the semiconductor company's stock worth $68,388,000 after purchasing an additional 60,088 shares during the period. Two Sigma Advisers LP raised its position in Camtek by 107.5% in the 3rd quarter. Two Sigma Advisers LP now owns 720,700 shares of the semiconductor company's stock valued at $57,548,000 after purchasing an additional 373,400 shares in the last quarter. Y.D. More Investments Ltd grew its stake in shares of Camtek by 723.7% in the 2nd quarter. Y.D. More Investments Ltd now owns 626,973 shares of the semiconductor company's stock valued at $78,709,000 after purchasing an additional 550,854 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Camtek by 16.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 486,606 shares of the semiconductor company's stock worth $38,855,000 after purchasing an additional 67,250 shares in the last quarter. Institutional investors own 41.93% of the company's stock.

Camtek Trading Up 1.5 %

CAMT stock traded up $1.10 during midday trading on Friday, reaching $74.87. The company's stock had a trading volume of 270,358 shares, compared to its average volume of 534,137. The stock has a fifty day simple moving average of $77.90 and a two-hundred day simple moving average of $93.06. Camtek Ltd. has a 1 year low of $60.90 and a 1 year high of $140.50. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.36 and a current ratio of 5.28. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 34.00, a PEG ratio of 1.36 and a beta of 1.34.

Camtek (NASDAQ:CAMT - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.69 by $0.06. Camtek had a return on equity of 24.21% and a net margin of 26.53%. The business had revenue of $112.30 million for the quarter, compared to analyst estimates of $108.51 million. During the same quarter in the prior year, the company posted $0.46 EPS. The company's quarterly revenue was up 39.5% on a year-over-year basis. On average, equities research analysts predict that Camtek Ltd. will post 2.53 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CAMT. Northland Securities upped their price objective on Camtek from $99.00 to $102.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. Needham & Company LLC reaffirmed a "buy" rating and issued a $95.00 price target on shares of Camtek in a research report on Wednesday, November 13th. StockNews.com raised Camtek from a "sell" rating to a "hold" rating in a report on Wednesday, November 20th. Finally, Stifel Nicolaus reissued a "buy" rating and issued a $105.00 price target on shares of Camtek in a research note on Thursday. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $109.88.

Camtek Company 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.