Camtek Ltd. (NASDAQ:CAMT) Stake Boosted by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company raised its holdings in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 3,005.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 330,716 shares of the semiconductor company's stock after acquiring an additional 320,066 shares during the period. The Manufacturers Life Insurance Company owned 0.73% of Camtek worth $26,408,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Blue Trust Inc. grew its stake in shares of Camtek by 4.1% during the 2nd quarter. Blue Trust Inc. now owns 2,721 shares of the semiconductor company's stock valued at $341,000 after buying an additional 108 shares during the period. Petra Financial Advisors Inc. grew its position in Camtek by 1.5% during the second quarter. Petra Financial Advisors Inc. now owns 8,290 shares of the semiconductor company's stock valued at $1,038,000 after acquiring an additional 120 shares during the period. Advisors Asset Management Inc. increased its stake in Camtek by 78.8% during the third quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company's stock worth $26,000 after acquiring an additional 145 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Camtek by 1.6% in the 3rd quarter. Van ECK Associates Corp now owns 9,561 shares of the semiconductor company's stock worth $755,000 after purchasing an additional 148 shares during the period. Finally, Ellsworth Advisors LLC raised its holdings in shares of Camtek by 3.4% in the 2nd quarter. Ellsworth Advisors LLC now owns 7,393 shares of the semiconductor company's stock worth $926,000 after purchasing an additional 245 shares during the period. 41.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CAMT shares. Northland Capmk upgraded shares of Camtek from a "hold" rating to a "strong-buy" rating in a report on Monday, August 5th. Needham & Company LLC restated a "buy" rating and set a $95.00 target price on shares of Camtek in a report on Wednesday, November 13th. StockNews.com raised shares of Camtek from a "sell" rating to a "hold" rating in a research report on Wednesday, November 20th. Finally, Northland Securities raised their price objective on Camtek from $99.00 to $102.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Camtek has an average rating of "Buy" and a consensus price target of $110.57.

Camtek Stock Up 3.6 %

Shares of NASDAQ CAMT traded up $2.61 during midday trading on Friday, reaching $74.50. 281,390 shares of the company's stock were exchanged, compared to its average volume of 567,854. The stock has a market capitalization of $3.38 billion, a PE ratio of 34.33, a price-to-earnings-growth ratio of 1.35 and a beta of 1.38. Camtek Ltd. has a 52-week low of $59.33 and a 52-week high of $140.50. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.36 and a current ratio of 5.28. The business's fifty day moving average price is $78.66 and its two-hundred day moving average price is $94.63.

Camtek (NASDAQ:CAMT - Get Free Report) last released its earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.69 by $0.06. The company had revenue of $112.30 million during the quarter, compared to analysts' expectations of $108.51 million. Camtek had a return on equity of 24.21% and a net margin of 26.53%. The business's revenue was up 39.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 EPS. Analysts forecast that Camtek Ltd. will post 2.53 EPS for the current year.

About Camtek

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.