Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 21.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,515,452 shares of the semiconductor company's stock after purchasing an additional 268,258 shares during the quarter. Camtek comprises about 1.1% of Clal Insurance Enterprises Holdings Ltd's portfolio, making the stock its 26th biggest holding. Clal Insurance Enterprises Holdings Ltd owned about 3.34% of Camtek worth $121,734,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Advisors Asset Management Inc. lifted its stake in Camtek by 78.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 145 shares during the last quarter. Aigen Investment Management LP raised its stake in Camtek by 31.7% in the third quarter. Aigen Investment Management LP now owns 3,247 shares of the semiconductor company's stock valued at $259,000 after buying an additional 782 shares during the period. Chartwell Investment Partners LLC acquired a new stake in shares of Camtek in the third quarter valued at approximately $929,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake 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 acquiring an additional 60,088 shares during the period. Finally, Axxcess Wealth Management LLC increased its holdings in shares of Camtek by 20.5% during the 3rd quarter. Axxcess Wealth Management LLC now owns 14,854 shares of the semiconductor company's stock worth $1,186,000 after acquiring an additional 2,525 shares during the last quarter. Institutional investors own 41.93% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have commented on CAMT shares. Needham & Company LLC reaffirmed a "buy" rating and set a $95.00 price objective on shares of Camtek in a research report on Wednesday, November 13th. StockNews.com upgraded shares of Camtek from a "sell" rating to a "hold" rating in a research note on Wednesday. B. Riley cut their price objective on shares of Camtek from $150.00 to $140.00 and set a "buy" rating for the company in a research report on Friday, August 2nd. Northland Securities upped their target price on Camtek from $99.00 to $102.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. Finally, Northland Capmk raised Camtek from a "hold" rating to a "strong-buy" rating in a report on Monday, August 5th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $110.57.
View Our Latest Stock Report on CAMT
Camtek Price Performance
Shares of CAMT stock traded down $0.57 during trading on Friday, hitting $74.94. The company had a trading volume of 296,320 shares, compared to its average volume of 551,215. The stock's 50-day moving average price is $78.92 and its 200 day moving average price is $95.24. Camtek Ltd. has a one year low of $59.33 and a one 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 P/E ratio of 34.53, a price-to-earnings-growth ratio of 1.37 and a beta of 1.38.
Camtek (NASDAQ:CAMT - Get Free Report) last released its earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.06. The company had revenue of $112.30 million for the quarter, compared to analyst estimates of $108.51 million. Camtek had a return on equity of 24.21% and a net margin of 26.53%. During the same period in the prior year, the firm posted $0.46 EPS. Camtek's quarterly revenue was up 39.5% on a year-over-year basis. Equities analysts expect that Camtek Ltd. will post 2.53 EPS for the current fiscal year.
Camtek 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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