Meitav Investment House Ltd. increased its stake in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 14.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 373,044 shares of the semiconductor company's stock after acquiring an additional 46,016 shares during the period. Meitav Investment House Ltd. owned approximately 0.83% of Camtek worth $29,887,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the stock. abrdn plc acquired a new stake in shares of Camtek in the third quarter valued at $11,387,000. Parcion Private Wealth LLC acquired a new stake in shares of Camtek in the third quarter valued at $274,000. Assenagon Asset Management S.A. purchased a new position in Camtek in the third quarter valued at $2,495,000. Allspring Global Investments Holdings LLC purchased a new position in Camtek in the third quarter valued at $9,174,000. Finally, Blue Trust Inc. increased its holdings in Camtek by 47.7% in the third quarter. Blue Trust Inc. now owns 4,020 shares of the semiconductor company's stock valued at $321,000 after buying an additional 1,299 shares during the last quarter. 41.93% of the stock is currently owned by institutional investors and hedge funds.
Camtek Stock Performance
Shares of CAMT stock traded down $2.54 during mid-day trading on Thursday, hitting $79.56. 277,670 shares of the stock were exchanged, compared to its average volume of 533,871. The company has a debt-to-equity ratio of 0.42, a quick ratio of 4.29 and a current ratio of 5.21. Camtek Ltd. has a 12-month low of $49.71 and a 12-month high of $140.50. The stock's fifty day simple moving average is $81.95 and its two-hundred day simple moving average is $95.64. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of 44.69, a P/E/G ratio of 1.55 and a beta of 1.38.
Camtek (NASDAQ:CAMT - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.02. Camtek had a return on equity of 22.57% and a net margin of 25.93%. The firm had revenue of $102.60 million for the quarter, compared to analyst estimates of $101.26 million. During the same quarter last year, the company posted $0.38 earnings per share. The business's revenue was up 39.4% on a year-over-year basis. On average, analysts forecast that Camtek Ltd. will post 2.45 EPS for the current year.
Analyst Ratings Changes
CAMT has been the topic of several recent analyst reports. StockNews.com raised Camtek from a "sell" rating to a "hold" rating in a report on Friday, October 25th. B. Riley dropped their target price on Camtek from $150.00 to $140.00 and set a "buy" rating on the stock in a report on Friday, August 2nd. Needham & Company LLC reissued a "buy" rating and issued a $140.00 target price on shares of Camtek in a report on Friday, August 2nd. Northland Capmk raised Camtek from a "hold" rating to a "strong-buy" rating in a report on Monday, August 5th. Finally, Northland Securities raised Camtek from a "market perform" rating to an "outperform" rating and set a $99.00 price objective on the stock in a report on Monday, August 5th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Camtek has a consensus rating of "Buy" and an average target price of $116.57.
Check Out Our Latest Stock Analysis on CAMT
Camtek Company Profile
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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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