Camtek Ltd. (NASDAQ:CAMT) Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC grew its holdings in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 75.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,926 shares of the semiconductor company's stock after purchasing an additional 4,272 shares during the period. HighTower Advisors LLC's holdings in Camtek were worth $802,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Camtek by 19.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,821 shares of the semiconductor company's stock worth $874,000 after purchasing an additional 1,749 shares during the last quarter. Amundi grew its stake in Camtek by 21.4% in the 4th quarter. Amundi now owns 4,791 shares of the semiconductor company's stock worth $387,000 after acquiring an additional 845 shares in the last quarter. Raymond James Financial Inc. bought a new position in Camtek in the 4th quarter worth about $4,334,000. DJE Kapital AG bought a new stake in shares of Camtek during the fourth quarter valued at approximately $405,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Camtek by 10.2% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,670,000 shares of the semiconductor company's stock valued at $135,743,000 after purchasing an additional 154,548 shares during the period. 41.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. StockNews.com downgraded Camtek from a "hold" rating to a "sell" rating in a report on Saturday. Needham & Company LLC restated a "buy" rating and issued a $110.00 price target on shares of Camtek in a report on Thursday, February 13th. Cantor Fitzgerald assumed coverage on shares of Camtek in a research note on Monday, January 13th. They set a "neutral" rating and a $100.00 price objective on the stock. Jefferies Financial Group reduced their price objective on shares of Camtek from $120.00 to $85.00 and set a "buy" rating for the company in a research note on Friday. Finally, Northland Securities increased their target price on Camtek from $102.00 to $120.00 and gave the company an "outperform" rating in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $110.22.

Camtek Price Performance

Shares of CAMT stock traded down $0.37 during trading hours on Monday, hitting $58.63. 526,875 shares of the company's stock were exchanged, compared to its average volume of 563,307. Camtek Ltd. has a fifty-two week low of $56.44 and a fifty-two week high of $140.50. The firm has a market cap of $2.67 billion, a P/E ratio of 24.23, a P/E/G ratio of 1.89 and a beta of 1.38. 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 firm has a 50 day moving average of $78.41 and a two-hundred day moving average of $79.64.

Camtek (NASDAQ:CAMT - Get Free Report) last posted its quarterly earnings data 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 return on equity of 24.99% and a net margin of 27.61%. Sell-side analysts forecast that Camtek Ltd. will post 2.93 EPS for the current year.

About Camtek

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.