Alliancebernstein L.P. trimmed its stake in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 93.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,472 shares of the semiconductor company's stock after selling 111,315 shares during the period. Alliancebernstein L.P.'s holdings in Camtek were worth $604,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the stock. Clal Insurance Enterprises Holdings Ltd grew its holdings in Camtek by 10.2% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,670,000 shares of the semiconductor company's stock worth $135,743,000 after acquiring an additional 154,548 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its stake in Camtek by 32.6% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,135,453 shares of the semiconductor company's stock worth $91,711,000 after purchasing an additional 279,000 shares during the period. Vanguard Group Inc. increased its holdings 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 in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Camtek by 9.3% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 963,874 shares of the semiconductor company's stock valued at $77,852,000 after buying an additional 81,709 shares during the period. Finally, Meitav Investment House Ltd. lifted its stake in Camtek by 119.3% in the fourth 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.
Analysts Set New Price Targets
Several analysts have recently weighed in on the stock. Cantor Fitzgerald started coverage on shares of Camtek in a research note on Monday, January 13th. They issued a "neutral" rating and a $100.00 price objective for the company. Needham & Company LLC reiterated a "buy" rating and set a $110.00 price objective on shares of Camtek in a report on Thursday, February 13th. Northland Securities raised their target price on Camtek from $102.00 to $120.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. Bank of America dropped their price target on Camtek from $105.00 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Finally, Jefferies Financial Group reduced their price target on shares of Camtek from $120.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Camtek presently has a consensus rating of "Moderate Buy" and a consensus target price of $103.13.
Check Out Our Latest Analysis on Camtek
Camtek Stock Up 6.4 %
NASDAQ:CAMT traded up $3.88 during trading hours on Wednesday, hitting $64.07. 297,793 shares of the company traded hands, compared to its average volume of 542,050. 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 company has a market cap of $2.92 billion, a PE ratio of 26.48, a PEG ratio of 1.89 and a beta of 1.42. The firm's 50-day simple moving average is $65.98 and its 200-day simple moving average is $77.13. Camtek Ltd. has a one year low of $47.41 and a one year high of $140.50.
Camtek (NASDAQ:CAMT - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates of $0.74 by ($0.06). Camtek had a net margin of 27.61% and a return on equity of 24.99%. Equities analysts predict that Camtek Ltd. will post 2.93 earnings per share for the current 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.
Recommended Stories
Before you consider Camtek, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Camtek wasn't on the list.
While Camtek currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
