Noked Israel Ltd lifted its stake in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 132.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 348,054 shares of the semiconductor company's stock after buying an additional 198,554 shares during the quarter. Camtek comprises approximately 5.5% of Noked Israel Ltd's investment portfolio, making the stock its 6th largest holding. Noked Israel Ltd owned about 0.77% of Camtek worth $28,112,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. HighTower Advisors LLC lifted its holdings in shares of Camtek by 75.6% in the 4th quarter. HighTower Advisors LLC now owns 9,926 shares of the semiconductor company's stock worth $802,000 after purchasing an additional 4,272 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in shares of Camtek by 1.5% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 25,150 shares of the semiconductor company's stock worth $2,031,000 after purchasing an additional 381 shares in the last quarter. Y.D. More Investments Ltd lifted its holdings in shares of Camtek by 6.0% in the 4th quarter. Y.D. More Investments Ltd now owns 525,413 shares of the semiconductor company's stock worth $42,905,000 after purchasing an additional 29,580 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of 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 purchasing an additional 81,709 shares in the last quarter. Finally, Swiss National Bank lifted its stake in Camtek by 2.4% during the 4th quarter. Swiss National Bank now owns 59,008 shares of the semiconductor company's stock valued at $4,813,000 after acquiring an additional 1,369 shares in the last quarter. Institutional investors and hedge funds own 41.93% of the company's stock.
Camtek Stock Down 1.1%
Shares of NASDAQ CAMT traded down $0.72 during trading on Monday, reaching $65.23. The company had a trading volume of 77,089 shares, compared to its average volume of 568,577. Camtek Ltd. has a 12-month low of $47.41 and a 12-month high of $140.50. The stock has a market cap of $2.97 billion, a PE ratio of 27.08, a P/E/G ratio of 1.89 and a beta of 1.36. The business's 50-day moving average is $63.04 and its 200 day moving average is $75.31. The company has a quick ratio of 4.11, a current ratio of 5.00 and a debt-to-equity ratio of 0.36.
Camtek (NASDAQ:CAMT - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The semiconductor company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.77 by $0.02. Camtek had a return on equity of 24.99% and a net margin of 27.61%. The company had revenue of $118.64 million for the quarter, compared to analysts' expectations of $119.00 million. During the same period last year, the firm posted $0.63 earnings per share. Camtek's revenue was up 22.3% compared to the same quarter last year. As a group, equities analysts forecast that Camtek Ltd. will post 2.93 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the company. Bank of America dropped their price objective on Camtek from $105.00 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Barclays reduced their target price on Camtek from $120.00 to $85.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Needham & Company LLC cut their price objective on Camtek from $110.00 to $80.00 and set a "buy" rating for the company in a report on Wednesday, May 14th. Northland Securities set a $105.00 target price on Camtek in a research report on Wednesday. Finally, Evercore ISI decreased their target price on Camtek from $100.00 to $82.00 and set an "outperform" rating for the company in a report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $90.78.
View Our Latest Stock Report on CAMT
Camtek Profile
(
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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