Camtek Ltd. (NASDAQ:CAMT) Shares Acquired by Clal Insurance Enterprises Holdings Ltd

Clal Insurance Enterprises Holdings Ltd boosted its holdings in Camtek Ltd. (NASDAQ:CAMT) by 21.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,515,452 shares of the semiconductor company’s stock after purchasing an additional 268,258 shares during the quarter. Camtek comprises approximately 1.1% of Clal Insurance Enterprises Holdings Ltd’s portfolio, making the stock its 26th biggest position. Clal Insurance Enterprises Holdings Ltd owned approximately 3.34% of Camtek worth $121,734,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. grew its position in shares of Camtek by 78.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 145 shares during the last quarter. Aigen Investment Management LP grew its holdings in shares of Camtek by 31.7% during the third quarter. Aigen Investment Management LP now owns 3,247 shares of the semiconductor company’s stock worth $259,000 after purchasing an additional 782 shares during the last quarter. Chartwell Investment Partners LLC purchased a new position in shares of Camtek during the third quarter worth about $929,000. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Camtek by 7.5% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 856,453 shares of the semiconductor company’s stock worth $68,388,000 after purchasing an additional 60,088 shares in the last quarter. Finally, Axxcess Wealth Management LLC lifted its holdings in shares of Camtek by 20.5% in the 3rd quarter. Axxcess Wealth Management LLC now owns 14,854 shares of the semiconductor company’s stock valued at $1,186,000 after purchasing an additional 2,525 shares during the last quarter. 41.93% of the stock is currently owned by hedge funds and other institutional investors.

Camtek Stock Down 0.8 %

Shares of NASDAQ CAMT opened at $74.94 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.28 and a quick ratio of 4.36. The firm’s 50-day moving average is $79.05 and its two-hundred day moving average is $95.31. Camtek Ltd. has a 12-month low of $59.33 and a 12-month high of $140.50. The company has a market capitalization of $3.40 billion, a PE ratio of 34.91, a price-to-earnings-growth ratio of 1.36 and a beta of 1.38.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.06. Camtek had a return on equity of 24.21% and a net margin of 26.53%. The company had revenue of $112.30 million during the quarter, compared to the consensus estimate of $108.51 million. During the same period in the previous year, the firm posted $0.46 EPS. Camtek’s revenue was up 39.5% on a year-over-year basis. Equities analysts anticipate that Camtek Ltd. will post 2.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CAMT. StockNews.com upgraded Camtek from a “sell” rating to a “hold” rating in a research note on Wednesday. Northland Capmk upgraded Camtek from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. Northland Securities increased their price objective on Camtek from $99.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Needham & Company LLC reissued a “buy” rating and issued a $95.00 target price on shares of Camtek in a report on Wednesday, November 13th. Finally, B. Riley decreased their price target on Camtek from $150.00 to $140.00 and set a “buy” rating for the company in a report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Camtek has an average rating of “Buy” and a consensus price target of $110.57.

Camtek Company 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.