Harel Insurance Investments & Financial Services Ltd. grew its stake in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 1.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 980,074 shares of the semiconductor company's stock after purchasing an additional 16,200 shares during the period. Harel Insurance Investments & Financial Services Ltd. owned about 2.15% of Camtek worth $57,462,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of CAMT. Huntington National Bank boosted its position in Camtek by 42.4% in the fourth quarter. Huntington National Bank now owns 413 shares of the semiconductor company's stock valued at $33,000 after buying an additional 123 shares in the last quarter. Cetera Investment Advisers boosted its position in Camtek by 3.3% in the fourth quarter. Cetera Investment Advisers now owns 5,288 shares of the semiconductor company's stock valued at $427,000 after buying an additional 171 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Camtek by 364.0% in the fourth 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 in the last quarter. Blue Trust Inc. boosted its position in Camtek by 9.0% in the first quarter. Blue Trust Inc. now owns 4,237 shares of the semiconductor company's stock valued at $248,000 after buying an additional 351 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Camtek by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 39,117 shares of the semiconductor company's stock valued at $3,159,000 after buying an additional 360 shares in the last quarter. 41.93% of the stock is currently owned by institutional investors and hedge funds.
Camtek Price Performance
Shares of Camtek stock traded up $0.08 during midday trading on Monday, hitting $89.00. 339,926 shares of the company traded hands, compared to its average volume of 557,149. The stock has a market cap of $4.06 billion, a price-to-earnings ratio of 34.10, a PEG ratio of 2.41 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. The firm's fifty day moving average price is $72.66 and its 200-day moving average price is $74.89. Camtek Ltd. has a 12 month low of $47.41 and a 12 month high of $140.50.
Camtek (NASDAQ:CAMT - Get Free Report) last posted 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 28.40% and a return on equity of 24.57%. The firm had revenue of $118.64 million for the quarter, compared to analyst estimates of $119.00 million. During the same period in the previous year, the firm posted $0.63 EPS. The company's revenue for the quarter was up 22.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Camtek Ltd. will post 2.93 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on CAMT shares. Wall Street Zen upgraded shares of Camtek from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Cantor Fitzgerald set a $80.00 price objective on shares of Camtek and gave the company a "neutral" rating in a report on Tuesday, June 24th. B. Riley increased their price objective on shares of Camtek from $85.00 to $95.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Northland Securities set a $105.00 price objective on shares of Camtek in a report on Wednesday, May 14th. Finally, Bank of America cut their price objective on shares of Camtek from $105.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Two equities 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. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $89.00.
View Our Latest Research Report on CAMT
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.
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