Camtek Ltd. (NASDAQ:CAMT) Shares Purchased by Legal & General Group Plc

Legal & General Group Plc lifted its position in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 21.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 102,131 shares of the semiconductor company's stock after purchasing an additional 17,835 shares during the quarter. Legal & General Group Plc owned about 0.23% of Camtek worth $8,353,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Camtek by 10.2% during 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 purchasing an additional 154,548 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Camtek by 32.6% in 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 buying an additional 279,000 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Camtek by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 983,986 shares of the semiconductor company's stock valued at $80,028,000 after buying an additional 14,702 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Camtek by 9.3% during 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 acquiring an additional 81,709 shares in the last quarter. Finally, Meitav Investment House Ltd. boosted its holdings in Camtek by 119.3% during the 4th quarter. Meitav Investment House Ltd. now owns 818,123 shares of the semiconductor company's stock valued at $66,159,000 after acquiring an additional 445,079 shares during the period. 41.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Barclays dropped their price objective on shares of Camtek from $120.00 to $85.00 and set an "overweight" rating for the company in a report on Tuesday. Bank of America reduced their price objective on Camtek from $105.00 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. StockNews.com upgraded Camtek from a "sell" rating to a "hold" rating in a report on Wednesday. Needham & Company LLC reiterated a "buy" rating and issued a $110.00 price objective on shares of Camtek in a research note on Thursday, February 13th. Finally, Cantor Fitzgerald began coverage on shares of Camtek in a research note on Monday, January 13th. They set a "neutral" rating and a $100.00 target price on the stock. Two research analysts have 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 MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $103.13.

Camtek Stock Performance

Camtek stock traded up $1.96 during mid-day trading on Thursday, reaching $65.93. 75,491 shares of the company were exchanged, compared to its average volume of 570,572. The firm has a market cap of $3.01 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 1.89 and a beta of 1.42. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.11 and a current ratio of 5.00. Camtek Ltd. has a twelve month low of $47.41 and a twelve month high of $140.50. The firm's 50-day simple moving average is $65.52 and its two-hundred day simple moving average is $77.03.

Camtek (NASDAQ:CAMT - Get Free Report) last announced its quarterly 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%. Equities analysts predict that Camtek Ltd. will post 2.93 earnings per share for the current fiscal 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.