Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management Buys New Stake in Camtek Ltd. (NASDAQ:CAMT)

Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management purchased a new position in Camtek Ltd. (NASDAQ:CAMT - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 31,000 shares of the semiconductor company's stock, valued at approximately $1,817,000. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management owned 0.07% of Camtek at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. New York State Common Retirement Fund increased its stake in Camtek by 218.5% in the 1st quarter. New York State Common Retirement Fund now owns 89,141 shares of the semiconductor company's stock worth $5,226,000 after buying an additional 61,153 shares during the period. Envestnet Asset Management Inc. increased its position in Camtek by 4.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 11,609 shares of the semiconductor company's stock valued at $681,000 after purchasing an additional 457 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its position in Camtek by 1.7% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 980,074 shares of the semiconductor company's stock valued at $57,462,000 after purchasing an additional 16,200 shares during the period. HBK Sorce Advisory LLC increased its position in Camtek by 9.8% during the 1st quarter. HBK Sorce Advisory LLC now owns 8,524 shares of the semiconductor company's stock valued at $500,000 after purchasing an additional 759 shares during the period. Finally, Oppenheimer Asset Management Inc. purchased a new position in Camtek during the 1st quarter valued at about $1,101,000. Hedge funds and other institutional investors own 41.93% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on CAMT shares. Stifel Nicolaus raised their target price on shares of Camtek from $84.00 to $98.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Wall Street Zen raised shares of Camtek from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Oppenheimer started coverage on shares of Camtek in a research report on Wednesday, July 2nd. They set an "outperform" rating and a $100.00 target price on the stock. Evercore ISI cut their target price on shares of Camtek from $100.00 to $82.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 14th. Finally, Cantor Fitzgerald set a $80.00 target price on shares of Camtek and gave the company a "neutral" rating in a research report on Tuesday, June 24th. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.00.

Camtek Stock Performance

CAMT stock traded up $3.38 during trading on Monday, reaching $95.89. The company had a trading volume of 114,556 shares, compared to its average volume of 538,184. The firm has a 50-day simple moving average of $76.81 and a 200-day simple moving average of $75.39. The company has a market cap of $4.37 billion, a price-to-earnings ratio of 36.79, a price-to-earnings-growth ratio of 2.52 and a beta of 1.34. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.27 and a current ratio of 5.28. Camtek Ltd. has a twelve month low of $47.41 and a twelve month high of $117.26.

Camtek (NASDAQ:CAMT - Get Free Report) last released its earnings results on Tuesday, May 13th. The semiconductor company reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.02. The company had revenue of $118.64 million during the quarter, compared to analysts' expectations of $119.00 million. Camtek had a net margin of 28.40% and a return on equity of 24.57%. Camtek's revenue for the quarter was up 22.3% on a year-over-year basis. During the same period last year, the business earned $0.63 EPS. As a group, sell-side analysts expect that Camtek Ltd. will post 2.93 earnings per share for the current year.

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.