Migdal Insurance & Financial Holdings Ltd. grew its position in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 32.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,135,453 shares of the semiconductor company's stock after buying an additional 279,000 shares during the quarter. Camtek makes up approximately 1.3% of Migdal Insurance & Financial Holdings Ltd.'s portfolio, making the stock its 22nd largest position. Migdal Insurance & Financial Holdings Ltd. owned approximately 2.50% of Camtek worth $91,711,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Y.D. More Investments Ltd lifted its stake in Camtek by 6.0% in the 4th quarter. Y.D. More Investments Ltd now owns 525,413 shares of the semiconductor company's stock worth $42,905,000 after acquiring an additional 29,580 shares in the last quarter. Stratos Wealth Partners LTD. acquired a new position in shares of Camtek in the 4th quarter valued at about $336,000. abrdn plc grew its position in Camtek by 25.6% during the fourth quarter. abrdn plc now owns 179,046 shares of the semiconductor company's stock valued at $14,706,000 after purchasing an additional 36,447 shares in the last quarter. Prentiss Smith & Co. Inc. lifted its position in Camtek by 10.8% in the 4th quarter. Prentiss Smith & Co. Inc. now owns 2,786 shares of the semiconductor company's stock worth $225,000 after buying an additional 272 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Camtek by 24.0% during the 4th quarter. Blue Trust Inc. now owns 4,986 shares of the semiconductor company's stock valued at $398,000 after buying an additional 966 shares during the period. Institutional investors and hedge funds own 41.93% of the company's stock.
Camtek Stock Performance
CAMT traded up $2.55 on Monday, hitting $88.87. 387,257 shares of the stock traded hands, compared to its average volume of 612,485. The business has a fifty day moving average price of $86.24 and a two-hundred day moving average price of $84.38. The company has a current ratio of 5.28, a quick ratio of 4.36 and a debt-to-equity ratio of 0.38. Camtek Ltd. has a 52 week low of $69.83 and a 52 week high of $140.50. The firm has a market capitalization of $4.03 billion, a PE ratio of 40.94, a P/E/G ratio of 1.43 and a beta of 1.34.
Camtek (NASDAQ:CAMT - Get Free Report) last issued its earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.06. Camtek had a return on equity of 24.21% and a net margin of 26.53%. The business had revenue of $112.30 million during the quarter, compared to analyst estimates of $108.51 million. During the same period in the prior year, the company posted $0.46 earnings per share. Camtek's revenue was up 39.5% on a year-over-year basis. On average, research analysts predict that Camtek Ltd. will post 2.53 EPS for the current fiscal year.
Analysts Set New Price Targets
CAMT has been the subject of several recent research reports. StockNews.com upgraded Camtek from a "sell" rating to a "hold" rating in a report on Wednesday, November 20th. Needham & Company LLC reaffirmed a "buy" rating and set a $95.00 price target on shares of Camtek in a research note on Wednesday, November 13th. Northland Securities boosted their target price on shares of Camtek from $102.00 to $120.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. Stifel Nicolaus reissued a "buy" rating and set a $105.00 target price on shares of Camtek in a research report on Thursday, December 12th. Finally, Barclays lowered their price objective on Camtek from $140.00 to $120.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Two investment 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. According to data from MarketBeat.com, Camtek currently has a consensus rating of "Moderate Buy" and an average target price of $112.44.
Check Out Our Latest Report on Camtek
Camtek Profile
(
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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