Renaissance Technologies LLC lowered its position in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 63.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 69,540 shares of the semiconductor company's stock after selling 118,400 shares during the period. Renaissance Technologies LLC owned 0.15% of Camtek worth $5,617,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of CAMT. Meitav Investment House Ltd. grew its stake in Camtek by 119.3% during the 4th quarter. Meitav Investment House Ltd. now owns 818,123 shares of the semiconductor company's stock valued at $66,159,000 after acquiring an additional 445,079 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its position 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 purchasing an additional 279,000 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Camtek by 10.2% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,670,000 shares of the semiconductor company's stock valued at $135,743,000 after purchasing an additional 154,548 shares during the last quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD acquired a new stake in shares of Camtek in the fourth quarter valued at approximately $7,105,000. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its position in Camtek by 9.3% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 963,874 shares of the semiconductor company's stock worth $77,852,000 after buying an additional 81,709 shares in the last quarter. 41.93% of the stock is currently owned by institutional investors and hedge funds.
Camtek Stock Down 0.5 %
CAMT stock traded down $0.31 during trading on Friday, hitting $66.63. 160,384 shares of the company's stock were exchanged, compared to its average volume of 570,848. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 27.60, a PEG ratio of 1.89 and a beta of 1.42. Camtek Ltd. has a 52-week low of $47.41 and a 52-week high of $140.50. 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 50-day moving average price of $65.12 and a two-hundred day moving average price of $76.93.
Camtek (NASDAQ:CAMT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share 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%. As a group, equities research analysts expect that Camtek Ltd. will post 2.93 EPS for the current year.
Wall Street Analyst Weigh In
A number of analysts have issued reports on CAMT shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $110.00 target price on shares of Camtek in a research note on Thursday, February 13th. Bank of America decreased their price target 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 lowered their price objective on shares of Camtek from $120.00 to $85.00 and set an "overweight" rating for the company in a research report on Tuesday. Cantor Fitzgerald initiated coverage on Camtek in a report on Monday, January 13th. They set a "neutral" rating and a $100.00 target price for the company. Finally, Northland Securities boosted their price target on shares of Camtek from $102.00 to $120.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Camtek has an average rating of "Moderate Buy" and a consensus target price of $103.13.
View Our Latest Stock Report on Camtek
Camtek Company 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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