Centiva Capital LP bought a new position in Camtek Ltd. (NASDAQ:CAMT - Free Report) in the third quarter, according to its most recent filing with the SEC. The firm bought 8,824 shares of the semiconductor company's stock, valued at approximately $705,000.
Several other large investors also recently bought and sold shares of the stock. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Camtek by 21.5% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,515,452 shares of the semiconductor company's stock worth $121,734,000 after buying an additional 268,258 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its stake in Camtek by 7.5% in 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 last quarter. Y.D. More Investments Ltd lifted its position in Camtek by 723.7% during the 2nd quarter. Y.D. More Investments Ltd now owns 626,973 shares of the semiconductor company's stock worth $78,709,000 after acquiring an additional 550,854 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Camtek by 16.0% during the 3rd 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 acquiring an additional 67,250 shares during the period. Finally, Meitav Investment House Ltd. grew its stake in Camtek by 14.1% during the 3rd quarter. Meitav Investment House Ltd. now owns 373,044 shares of the semiconductor company's stock valued at $29,887,000 after purchasing an additional 46,016 shares during the last quarter. Hedge funds and other institutional investors own 41.93% of the company's stock.
Camtek Stock Performance
Shares of NASDAQ CAMT traded up $1.13 during midday trading on Friday, reaching $72.72. 291,635 shares of the stock were exchanged, compared to its average volume of 503,713. The company has a quick ratio of 4.36, a current ratio of 5.28 and a debt-to-equity ratio of 0.38. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of 33.51, a PEG ratio of 1.38 and a beta of 1.34. The firm has a 50-day simple moving average of $78.18 and a two-hundred day simple moving average of $93.80. Camtek Ltd. has a twelve month low of $60.90 and a twelve month high of $140.50.
Camtek (NASDAQ:CAMT - Get Free Report) last released 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. The company had revenue of $112.30 million for the quarter, compared to analyst estimates of $108.51 million. Camtek had a net margin of 26.53% and a return on equity of 24.21%. The firm's revenue was up 39.5% on a year-over-year basis. During the same quarter last year, the business earned $0.46 earnings per share. As a group, analysts anticipate that Camtek Ltd. will post 2.53 EPS for the current fiscal year.
Analyst Ratings Changes
CAMT has been the subject of several research analyst reports. Needham & Company LLC restated a "buy" rating and issued a $95.00 price objective on shares of Camtek in a research note on Wednesday, November 13th. Northland Securities raised their price target on shares of Camtek from $99.00 to $102.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Finally, StockNews.com raised shares of Camtek from a "sell" rating to a "hold" rating in a report on Wednesday, November 20th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $110.57.
View Our Latest Research Report on CAMT
Camtek Company Profile
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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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