Meitav Investment House Ltd. Has $66.16 Million Stake in Camtek Ltd. (NASDAQ:CAMT)

Meitav Investment House Ltd. boosted its holdings in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 119.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 818,123 shares of the semiconductor company's stock after acquiring an additional 445,079 shares during the quarter. Camtek comprises about 1.1% of Meitav Investment House Ltd.'s investment portfolio, making the stock its 27th biggest holding. Meitav Investment House Ltd. owned 1.80% of Camtek worth $66,159,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Advisors Asset Management Inc. raised its position in Camtek by 78.8% in the third quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company's stock worth $26,000 after acquiring an additional 145 shares in the last quarter. Van ECK Associates Corp grew its stake in Camtek by 1.6% during the 3rd quarter. Van ECK Associates Corp now owns 9,561 shares of the semiconductor company's stock valued at $755,000 after acquiring an additional 148 shares in the last quarter. Prentiss Smith & Co. Inc. grew its stake in shares of Camtek by 10.8% in the 4th 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 in the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of Camtek by 1.5% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 25,150 shares of the semiconductor company's stock valued at $2,031,000 after buying an additional 381 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Camtek in the 3rd quarter valued at approximately $53,000. 41.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Cantor Fitzgerald assumed coverage on Camtek in a research note on Monday, January 13th. They issued a "neutral" rating and a $100.00 price target for the company. Northland Securities boosted their price target on Camtek from $102.00 to $120.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. StockNews.com upgraded Camtek from a "sell" rating to a "hold" rating in a report on Wednesday, November 20th. Barclays reduced their target price on Camtek from $140.00 to $120.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Finally, Stifel Nicolaus restated a "buy" rating and issued a $105.00 target price on shares of Camtek in a report on Thursday, December 12th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $114.11.

Camtek Stock Performance

Shares of CAMT stock traded down $3.78 during trading hours on Friday, reaching $76.11. 688,927 shares of the company's stock were exchanged, compared to its average volume of 632,162. Camtek Ltd. has a fifty-two week low of $69.83 and a fifty-two week high of $140.50. The stock has a market capitalization of $3.45 billion, a P/E ratio of 31.45, a P/E/G ratio of 1.96 and a beta of 1.34. The business has a fifty day moving average price of $88.30 and a 200-day moving average price of $83.79. The company has a quick ratio of 4.11, a current ratio of 5.00 and a debt-to-equity ratio of 0.36.

Camtek (NASDAQ:CAMT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 EPS 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%. Analysts predict that Camtek Ltd. will post 2.93 EPS for the current fiscal year.

Camtek Profile

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.