Altshuler Shaham Ltd Lowers Stock Position in Camtek Ltd. (NASDAQ:CAMT)

Altshuler Shaham Ltd lowered its stake in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 83.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,743 shares of the semiconductor company's stock after selling 8,718 shares during the quarter. Altshuler Shaham Ltd's holdings in Camtek were worth $142,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Clal Insurance Enterprises Holdings Ltd increased 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 worth $135,743,000 after purchasing an additional 154,548 shares in the last quarter. Menora Mivtachim Holdings LTD. increased its stake in shares of Camtek by 81.8% in the fourth quarter. Menora Mivtachim Holdings LTD. now owns 1,566,433 shares of the semiconductor company's stock valued at $126,521,000 after buying an additional 705,000 shares during the period. Wasatch Advisors LP raised its holdings in Camtek by 311.8% in the 4th quarter. Wasatch Advisors LP now owns 1,192,784 shares of the semiconductor company's stock valued at $96,341,000 after buying an additional 903,126 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in Camtek by 32.6% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,135,453 shares of the semiconductor company's stock worth $91,711,000 after buying an additional 279,000 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Camtek by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 983,986 shares of the semiconductor company's stock worth $80,028,000 after acquiring an additional 14,702 shares during the last quarter. 41.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CAMT. 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 on the stock. Northland Securities lifted their price objective on Camtek from $102.00 to $120.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Needham & Company LLC restated a "buy" rating and set a $110.00 price target on shares of Camtek in a report on Thursday, February 13th. Bank of America reduced their price objective on shares of Camtek from $105.00 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Finally, Barclays lowered their target price on shares of Camtek from $120.00 to $85.00 and set an "overweight" rating for the company in a research note on Tuesday. One research analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $103.13.

Camtek Stock Up 2.6 %

Shares of CAMT traded up $1.55 during trading hours on Tuesday, hitting $60.17. The stock had a trading volume of 110,886 shares, compared to its average volume of 569,739. The firm has a 50 day simple moving average of $66.54 and a 200-day simple moving average of $77.24. The firm has a market capitalization of $2.74 billion, a P/E ratio of 24.74, a price-to-earnings-growth ratio of 1.89 and a beta of 1.42. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.00 and a quick ratio of 4.11. Camtek Ltd. has a 1-year low of $47.41 and a 1-year high of $140.50.

Camtek (NASDAQ:CAMT - Get Free Report) last issued its earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.06). Camtek had a return on equity of 24.99% and a net margin of 27.61%. Sell-side analysts predict that Camtek Ltd. will post 2.93 EPS for the current fiscal year.

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.