Franklin Resources Inc. boosted its stake in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 9.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 329,882 shares of the semiconductor company's stock after buying an additional 27,529 shares during the period. Franklin Resources Inc. owned 0.73% of Camtek worth $26,645,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd grew its position in shares of 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 buying an additional 154,548 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Camtek by 32.6% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,135,453 shares of the semiconductor company's stock valued at $91,711,000 after purchasing an additional 279,000 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Camtek by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 983,986 shares of the semiconductor company's stock valued at $80,028,000 after purchasing an additional 14,702 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Camtek by 9.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 963,874 shares of the semiconductor company's stock worth $77,852,000 after purchasing an additional 81,709 shares in the last quarter. Finally, Meitav Investment House Ltd. grew its stake in shares of Camtek by 119.3% in the 4th quarter. Meitav Investment House Ltd. now owns 818,123 shares of the semiconductor company's stock worth $66,159,000 after buying an additional 445,079 shares during the last quarter. 41.93% of the stock is owned by institutional investors.
Camtek Stock Performance
Shares of NASDAQ CAMT traded up $2.48 during trading on Friday, hitting $59.90. The company had a trading volume of 335,441 shares, compared to its average volume of 573,088. Camtek Ltd. has a 12 month low of $47.41 and a 12 month high of $140.50. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.11 and a current ratio of 5.00. The firm has a market capitalization of $2.73 billion, a P/E ratio of 24.75, a price-to-earnings-growth ratio of 1.89 and a beta of 1.42. The stock has a 50 day simple moving average of $70.07 and a 200 day simple moving average of $78.13.
Camtek (NASDAQ:CAMT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.06). Camtek had a net margin of 27.61% and a return on equity of 24.99%. As a group, analysts anticipate that Camtek Ltd. will post 2.93 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research firms have commented on CAMT. Northland Securities boosted their target price on Camtek from $102.00 to $120.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. StockNews.com raised shares of Camtek from a "sell" rating to a "hold" rating in a research report on Sunday, April 6th. Barclays reduced their price objective on shares of Camtek from $140.00 to $120.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Jefferies Financial Group dropped their target price on shares of Camtek from $120.00 to $85.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Finally, Stifel Nicolaus restated a "buy" rating and issued a $105.00 price objective on shares of Camtek in a report on Thursday, December 12th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $110.22.
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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.
Further Reading
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