Meitav Investment House Ltd. Purchases 46,016 Shares of Camtek Ltd. (NASDAQ:CAMT)

Meitav Investment House Ltd. lifted its stake in shares of Camtek Ltd. (NASDAQ:CAMT) by 14.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 373,044 shares of the semiconductor company’s stock after purchasing an additional 46,016 shares during the quarter. Meitav Investment House Ltd. owned 0.83% of Camtek worth $29,887,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Headlands Technologies LLC bought a new stake in shares of Camtek during the 1st quarter valued at approximately $50,000. Northwestern Mutual Wealth Management Co. grew its holdings in Camtek by 23,300.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company’s stock worth $59,000 after acquiring an additional 466 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Camtek by 524.6% during the 1st quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock worth $123,000 after acquiring an additional 1,238 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Camtek by 17.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the semiconductor company’s stock worth $158,000 after acquiring an additional 340 shares during the last quarter. Finally, Gateway Wealth Partners LLC bought a new stake in Camtek during the 2nd quarter worth approximately $220,000. 41.93% of the stock is owned by institutional investors.

Camtek Stock Down 2.0 %

Camtek stock opened at $80.45 on Thursday. The company has a quick ratio of 4.29, a current ratio of 5.21 and a debt-to-equity ratio of 0.42. Camtek Ltd. has a 12-month low of $49.71 and a 12-month high of $140.50. The firm’s fifty day moving average is $82.28 and its 200 day moving average is $95.73. The company has a market capitalization of $3.61 billion, a PE ratio of 46.38, a PEG ratio of 1.55 and a beta of 1.38.

Camtek (NASDAQ:CAMT) last released its earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. Camtek had a net margin of 25.93% and a return on equity of 22.57%. The company had revenue of $102.60 million for the quarter, compared to the consensus estimate of $101.26 million. During the same quarter in the previous year, the company earned $0.38 EPS. Camtek’s quarterly revenue was up 39.4% compared to the same quarter last year. As a group, sell-side analysts predict that Camtek Ltd. will post 2.45 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CAMT shares. StockNews.com raised shares of Camtek from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Needham & Company LLC reissued a “buy” rating and set a $140.00 target price on shares of Camtek in a report on Friday, August 2nd. B. Riley reduced their target price on shares of Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Northland Capmk raised shares of Camtek from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. Finally, Northland Securities upgraded shares of Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 price target on the stock in a research report on Monday, August 5th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $116.57.

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.