Camtek Ltd. $CAMT Shares Purchased by Harel Insurance Investments & Financial Services Ltd.

Key Points

• Harel Insurance boosted its Camtek stake by 56.9% in Q4, adding 604,097 shares to hold 1,665,236 shares (about 3.65% of Camtek) worth roughly $177.09 million, making CAMT its 20th-largest holding and ~1.5% of Harel’s portfolio.
• Analysts have raised targets (Needham/Barclays to $175, Evercore $190, Oppenheimer $180) and the stock carries a consensus rating of “Moderate Buy” with an average target of $166.75, while shares trade near $197 (12‑month high $210.20).
• In the latest quarter Camtek reported $0.81 EPS (vs. $0.83 expected) and revenue of $128.12M, up 9.2% year‑over‑year, and sell‑side analysts forecast about $3.12 EPS for the current fiscal year.

Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 56.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,665,236 shares of the semiconductor company's stock after acquiring an additional 604,097 shares during the quarter. Camtek comprises 1.5% of Harel Insurance Investments & Financial Services Ltd.'s holdings, making the stock its 20th largest holding. Harel Insurance Investments & Financial Services Ltd. owned approximately 3.65% of Camtek worth $177,090,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new stake in Camtek during the third quarter worth $32,000. Rothschild Investment LLC acquired a new stake in Camtek during the third quarter worth $54,000. Advisors Asset Management Inc. increased its stake in Camtek by 61.6% during the first quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company's stock worth $45,000 after acquiring an additional 293 shares during the last quarter. Aventura Private Wealth LLC acquired a new stake in Camtek during the fourth quarter worth $108,000. Finally, Sovran Advisors LLC acquired a new stake in Camtek during the fourth quarter worth $155,000. Institutional investors and hedge funds own 41.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Needham & Company LLC raised their target price on Camtek from $160.00 to $175.00 and gave the stock a "buy" rating in a research note on Wednesday, February 18th. Barclays raised their target price on Camtek from $155.00 to $175.00 and gave the stock an "overweight" rating in a research note on Thursday, February 19th. Evercore reissued an "outperform" rating and set a $190.00 target price on shares of Camtek in a research note on Wednesday, February 18th. Zacks Research raised Camtek from a "strong sell" rating to a "hold" rating in a research note on Monday, February 2nd. Finally, Oppenheimer raised their target price on Camtek from $120.00 to $180.00 and gave the stock an "outperform" rating in a research note on Thursday, February 19th. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $166.75.

Camtek Trading Up 7.9%

CAMT opened at $197.20 on Wednesday. Camtek Ltd. has a 12 month low of $62.88 and a 12 month high of $210.20. The stock has a market capitalization of $9.04 billion, a price-to-earnings ratio of 209.79, a PEG ratio of 4.30 and a beta of 1.61. The company has a debt-to-equity ratio of 0.84, a current ratio of 8.35 and a quick ratio of 7.31. The business has a fifty day moving average price of $169.54 and a 200 day moving average price of $140.20.

Camtek (NASDAQ:CAMT - Get Free Report) last released its earnings results on Wednesday, February 18th. The semiconductor company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.02). Camtek had a return on equity of 23.61% and a net margin of 10.23%.The company had revenue of $128.12 million for the quarter, compared to analyst estimates of $127.10 million. During the same period in the previous year, the firm earned $0.77 earnings per share. The company's revenue for the quarter was up 9.2% compared to the same quarter last year. Sell-side analysts expect that Camtek Ltd. will post 3.12 earnings per share for the current fiscal year.

Camtek Company Profile

Camtek Ltd. NASDAQ: CAMT is a provider of automated inspection and metrology solutions for the semiconductor and printed circuit board (PCB) industries. The company develops, manufactures and markets a suite of inline and stand-alone systems that perform high‐resolution 2D and 3D measurements, defect review and process control. Its products are used by integrated device manufacturers, foundries, OSAT (outsourced semiconductor assembly and test) providers, and PCB fabricators to optimize yield, improve product quality and reduce production costs.

Camtek's core offerings include wafer inspection systems that detect and classify defects on patterned wafers, patterned wafer metrology tools for overlay and critical dimension measurements, and advanced packaging inspection platforms for 3D ICs and fan-out wafer-level packaging.

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