Clal Insurance Enterprises Holdings Ltd grew its position in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 10.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,670,000 shares of the semiconductor company's stock after acquiring an additional 154,548 shares during the quarter. Camtek comprises approximately 1.2% of Clal Insurance Enterprises Holdings Ltd's portfolio, making the stock its 23rd biggest position. Clal Insurance Enterprises Holdings Ltd owned approximately 3.68% of Camtek worth $135,743,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the business. Advisors Asset Management Inc. boosted its stake in Camtek by 78.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 145 shares during the period. Van ECK Associates Corp raised its holdings in shares of Camtek by 1.6% in the third quarter. Van ECK Associates Corp now owns 9,561 shares of the semiconductor company's stock valued at $755,000 after buying an additional 148 shares during the last quarter. Prentiss Smith & Co. Inc. raised its holdings in shares of Camtek by 10.8% in the fourth quarter. Prentiss Smith & Co. Inc. now owns 2,786 shares of the semiconductor company's stock valued at $225,000 after buying an additional 272 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Camtek by 364.0% during the fourth quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company's stock worth $33,000 after buying an additional 324 shares during the period. Finally, Y Intercept Hong Kong Ltd grew its holdings in shares of Camtek by 4.0% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 9,600 shares of the semiconductor company's stock worth $775,000 after buying an additional 366 shares during the last quarter. 41.93% of the stock is currently owned by hedge funds and other institutional investors.
Camtek Price Performance
Shares of CAMT traded up $0.80 during trading hours on Wednesday, reaching $71.08. The company had a trading volume of 696,199 shares, compared to its average volume of 551,773. The company has a current ratio of 5.00, a quick ratio of 4.11 and a debt-to-equity ratio of 0.36. Camtek Ltd. has a 12-month low of $67.00 and a 12-month high of $140.50. The firm has a 50 day simple moving average of $87.35 and a 200-day simple moving average of $82.78. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of 29.37, a PEG ratio of 1.89 and a beta of 1.34.
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 net margin of 27.61% and a return on equity of 24.99%. Research analysts expect that Camtek Ltd. will post 2.93 earnings per share for the current year.
Analyst Ratings Changes
A number of research firms have weighed in on CAMT. Stifel Nicolaus reaffirmed a "buy" rating and set a $105.00 price objective on shares of Camtek in a research report on Thursday, December 12th. Barclays lowered their price objective on shares of Camtek from $140.00 to $120.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Northland Securities boosted their price objective on shares of Camtek from $102.00 to $120.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. Cantor Fitzgerald assumed coverage on shares of Camtek in a research note on Monday, January 13th. They issued a "neutral" rating and a $100.00 target price for the company. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $110.00 target price on shares of Camtek in a report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, eight have assigned 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 "Moderate Buy" and a consensus price target of $114.11.
Check Out Our Latest Analysis on CAMT
About Camtek
(
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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