Taylor Frigon Capital Management LLC bought a new stake in Camtek Ltd. (NASDAQ:CAMT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 28,346 shares of the semiconductor company's stock, valued at approximately $2,290,000. Taylor Frigon Capital Management LLC owned about 0.06% of Camtek at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Camtek by 21.5% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,515,452 shares of the semiconductor company's stock valued at $121,734,000 after purchasing an additional 268,258 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Camtek by 32.6% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,135,453 shares of the semiconductor company's stock valued at $91,711,000 after buying an additional 279,000 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Camtek by 9.3% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 963,874 shares of the semiconductor company's stock valued at $77,852,000 after buying an additional 81,709 shares in the last quarter. Meitav Investment House Ltd. boosted its stake in shares of Camtek by 119.3% in the fourth quarter. Meitav Investment House Ltd. now owns 818,123 shares of the semiconductor company's stock valued at $66,159,000 after buying an additional 445,079 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its stake in shares of Camtek by 107.5% in the third quarter. Two Sigma Advisers LP now owns 720,700 shares of the semiconductor company's stock valued at $57,548,000 after buying an additional 373,400 shares in the last quarter. 41.93% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
CAMT has been the topic of a number of analyst reports. StockNews.com upgraded Camtek from a "sell" rating to a "hold" rating in a research note on Wednesday, November 20th. Needham & Company LLC reissued a "buy" rating and issued a $110.00 price target on shares of Camtek in a report on Thursday, February 13th. Barclays cut their price target on Camtek from $140.00 to $120.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Cantor Fitzgerald initiated coverage on Camtek in a report on Monday, January 13th. They issued a "neutral" rating and a $100.00 price target for the company. Finally, Stifel Nicolaus reiterated a "buy" rating and issued a $105.00 target price on shares of Camtek in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $114.11.
Check Out Our Latest Report on Camtek
Camtek Stock Performance
CAMT traded down $0.28 on Friday, hitting $74.52. 468,279 shares of the stock traded hands, compared to its average volume of 605,510. The company has a current ratio of 5.00, a quick ratio of 4.11 and a debt-to-equity ratio of 0.36. The business has a fifty day moving average price of $87.91 and a two-hundred day moving average price of $83.28. The firm has a market capitalization of $3.38 billion, a PE ratio of 30.79, a P/E/G ratio of 1.89 and a beta of 1.34. Camtek Ltd. has a 52 week low of $69.83 and a 52 week high of $140.50.
Camtek (NASDAQ:CAMT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share (EPS) 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%. On average, research analysts predict that Camtek Ltd. will post 2.93 EPS for the current fiscal year.
About Camtek
(
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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