Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management Acquires Shares of 31,000 Camtek Ltd. (NASDAQ:CAMT)

Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management purchased a new position in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CAMT. Jones Financial Companies Lllp boosted its position in Camtek by 364.0% in the 4th quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company's stock valued at $33,000 after buying an additional 324 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Camtek in the 4th quarter valued at about $4,334,000. Amundi boosted its position in Camtek by 21.4% in the 4th quarter. Amundi now owns 4,791 shares of the semiconductor company's stock valued at $387,000 after buying an additional 845 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Camtek by 19.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,821 shares of the semiconductor company's stock valued at $874,000 after buying an additional 1,749 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position 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 buying an additional 4,272 shares during the last quarter. 41.93% of the stock is owned by hedge funds and other institutional investors.

Camtek Trading Up 1.9%

CAMT traded up $1.78 during trading on Monday, reaching $94.29. 658,325 shares of the company's stock were exchanged, compared to its average volume of 540,297. Camtek Ltd. has a one year low of $47.41 and a one year high of $117.26. The stock has a market capitalization of $4.30 billion, a PE ratio of 36.13, a price-to-earnings-growth ratio of 2.52 and a beta of 1.34. The firm has a fifty day moving average price of $76.81 and a two-hundred day moving average price of $75.39. The company has a current ratio of 5.28, a quick ratio of 4.27 and a debt-to-equity ratio of 0.34.

Camtek (NASDAQ:CAMT - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.02. The business had revenue of $118.64 million during the quarter, compared to the consensus estimate of $119.00 million. Camtek had a net margin of 28.40% and a return on equity of 24.57%. The firm's quarterly revenue was up 22.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.63 earnings per share. As a group, equities research analysts forecast that Camtek Ltd. will post 2.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

CAMT has been the subject of a number of research reports. Evercore ISI decreased their target price on Camtek from $100.00 to $82.00 and set an "outperform" rating for the company in a research note on Wednesday, May 14th. Jefferies Financial Group decreased their price objective on Camtek from $120.00 to $85.00 and set a "buy" rating for the company in a report on Friday, March 28th. Northland Securities set a $105.00 price objective on Camtek in a report on Wednesday, May 14th. B. Riley increased their price objective on Camtek from $85.00 to $95.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Finally, Needham & Company LLC decreased 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. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Camtek has a consensus rating of "Moderate Buy" and a consensus target price of $89.00.

Camtek 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.