Deutsche Bank AG raised its holdings in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 44.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 161,849 shares of the semiconductor company's stock after acquiring an additional 50,000 shares during the quarter. Deutsche Bank AG owned approximately 0.36% of Camtek worth $13,073,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of CAMT. HighTower Advisors LLC lifted its holdings in Camtek by 75.6% in the 4th quarter. HighTower Advisors LLC now owns 9,926 shares of the semiconductor company's stock valued at $802,000 after purchasing an additional 4,272 shares in the last quarter. State of New Jersey Common Pension Fund D raised its holdings in 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 valued at $2,031,000 after acquiring an additional 381 shares during the last quarter. Y.D. More Investments Ltd lifted its stake in shares of Camtek by 6.0% during 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 during the period. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of 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 purchasing an additional 81,709 shares during the last quarter. Finally, Swiss National Bank grew its holdings in Camtek by 2.4% in the 4th quarter. Swiss National Bank now owns 59,008 shares of the semiconductor company's stock valued at $4,813,000 after buying an additional 1,369 shares during the period. Hedge funds and other institutional investors own 41.93% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. Evercore ISI reduced their price objective on Camtek from $100.00 to $82.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 14th. B. Riley raised their price objective on Camtek from $85.00 to $95.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. StockNews.com upgraded Camtek from a "sell" rating to a "hold" rating in a research note on Wednesday. Bank of America decreased their price target on Camtek from $105.00 to $80.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Finally, Needham & Company LLC dropped their price objective on shares of Camtek from $110.00 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday, May 14th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $90.78.
View Our Latest Stock Report on CAMT
Camtek Stock Performance
Shares of NASDAQ CAMT traded up $0.20 during trading on Wednesday, reaching $65.98. The stock had a trading volume of 58,938 shares, compared to its average volume of 567,219. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.11 and a current ratio of 5.00. The stock has a market cap of $3.01 billion, a PE ratio of 27.26, a P/E/G ratio of 1.89 and a beta of 1.36. Camtek Ltd. has a one year low of $47.41 and a one year high of $140.50. The firm's 50 day moving average price is $63.11 and its two-hundred day moving average price is $75.18.
Camtek (NASDAQ:CAMT - Get Free Report) last issued its earnings results on Tuesday, May 13th. The semiconductor company reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.02. Camtek had a net margin of 27.61% and a return on equity of 24.99%. The company had revenue of $118.64 million for the quarter, compared to analysts' expectations of $119.00 million. During the same period in the prior year, the company earned $0.63 earnings per share. The firm's revenue was up 22.3% compared to the same quarter last year. On average, research analysts forecast that Camtek Ltd. will post 2.93 earnings per share for the current fiscal year.
About Camtek
(
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.
Featured Articles
Before you consider Camtek, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Camtek wasn't on the list.
While Camtek currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
