Raymond James Financial Inc. acquired a new position in Camtek Ltd. (NASDAQ:CAMT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 53,664 shares of the semiconductor company's stock, valued at approximately $4,334,000. Raymond James Financial Inc. owned approximately 0.12% of Camtek at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the stock. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Camtek by 10.2% in the fourth 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. boosted its holdings in Camtek by 32.6% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,135,453 shares of the semiconductor company's stock worth $91,711,000 after buying an additional 279,000 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its stake in Camtek by 9.3% in 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 buying an additional 81,709 shares in the last quarter. Meitav Investment House Ltd. raised its holdings in Camtek by 119.3% during the fourth 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. Finally, Two Sigma Advisers LP raised its holdings in Camtek by 107.5% during the third quarter. Two Sigma Advisers LP now owns 720,700 shares of the semiconductor company's stock valued at $57,548,000 after acquiring an additional 373,400 shares during the period. 41.93% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts recently issued reports on CAMT shares. StockNews.com downgraded Camtek from a "hold" rating to a "sell" rating in a research note on Saturday. Stifel Nicolaus reiterated a "buy" rating and issued a $105.00 target price on shares of Camtek in a research report on Thursday, December 12th. Cantor Fitzgerald began coverage on Camtek in a report on Monday, January 13th. They set a "neutral" rating and a $100.00 price objective on the stock. Needham & Company LLC restated a "buy" rating and set a $110.00 price objective on shares of Camtek in a research report on Thursday, February 13th. Finally, Barclays dropped 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. One research analyst has rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $110.22.
Get Our Latest Stock Analysis on CAMT
Camtek Trading Down 6.3 %
Shares of NASDAQ CAMT traded down $3.97 during mid-day trading on Friday, reaching $59.00. The company had a trading volume of 413,053 shares, compared to its average volume of 563,453. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 1.89 and a beta of 1.38. The company has a current ratio of 5.00, a quick ratio of 4.11 and a debt-to-equity ratio of 0.36. Camtek Ltd. has a 52 week low of $57.71 and a 52 week high of $140.50. The business's 50-day moving average is $79.31 and its 200-day moving average is $79.78.
Camtek (NASDAQ:CAMT - Get Free Report) last posted its 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 net margin of 27.61% and a return on equity of 24.99%. Equities analysts expect that Camtek Ltd. will post 2.93 earnings per share for the current year.
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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