Phoenix Financial Ltd. Buys 36,300 Shares of Camtek Ltd. (NASDAQ:CAMT)

Phoenix Financial Ltd. raised its position in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 39.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 128,178 shares of the semiconductor company's stock after buying an additional 36,300 shares during the period. Phoenix Financial Ltd. owned about 0.28% of Camtek worth $10,353,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in Camtek in the 4th quarter worth $4,334,000. Legal & General Group Plc lifted its stake in shares of Camtek by 21.2% in the 4th quarter. Legal & General Group Plc now owns 102,131 shares of the semiconductor company's stock valued at $8,353,000 after purchasing an additional 17,835 shares during the period. Invesco Ltd. grew its stake in Camtek by 25.5% in the fourth quarter. Invesco Ltd. now owns 278,621 shares of the semiconductor company's stock worth $22,504,000 after purchasing an additional 56,590 shares during the period. Wells Fargo & Company MN lifted its position in Camtek by 74.0% during the fourth quarter. Wells Fargo & Company MN now owns 12,231 shares of the semiconductor company's stock valued at $988,000 after buying an additional 5,200 shares during the period. Finally, Huntington National Bank boosted its holdings in shares of Camtek by 42.4% during the 4th quarter. Huntington National Bank now owns 413 shares of the semiconductor company's stock valued at $33,000 after buying an additional 123 shares in the last quarter. Institutional investors own 41.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CAMT shares. Northland Securities boosted their price target on Camtek from $102.00 to $120.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. Needham & Company LLC reissued a "buy" rating and issued a $110.00 target price on shares of Camtek in a research note on Thursday, February 13th. Cantor Fitzgerald assumed coverage on shares of Camtek in a research note on Monday, January 13th. They issued a "neutral" rating and a $100.00 price target on the stock. 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. Finally, StockNews.com downgraded shares of Camtek from a "hold" rating to a "sell" rating in a research note on Monday. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $110.22.

Camtek Stock Performance

Shares of CAMT traded down $0.10 during trading hours on Tuesday, hitting $60.05. The stock had a trading volume of 35,721 shares, compared to its average volume of 570,826. The firm has a market capitalization of $2.74 billion, a PE ratio of 24.81, a PEG ratio of 1.89 and a beta of 1.42. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.00 and a quick ratio of 4.11. The stock has a fifty day moving average price of $69.41 and a 200 day moving average price of $77.92. Camtek Ltd. has a 12 month low of $47.41 and a 12 month high of $140.50.

Camtek (NASDAQ:CAMT - Get Free Report) last issued its quarterly earnings data 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 return on equity of 24.99% and a net margin of 27.61%. Analysts anticipate that Camtek Ltd. will post 2.93 EPS for the current 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.