Camtek Ltd. (NASDAQ:CAMT) Shares Purchased by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. lifted its stake in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 1.7% during the first 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 buying an additional 16,200 shares during the period. Harel Insurance Investments & Financial Services Ltd. owned approximately 2.15% of Camtek worth $57,462,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp grew its position in shares of 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. Huntington National Bank boosted its stake in Camtek by 42.4% during the 4th quarter. Huntington National Bank now owns 413 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 123 shares during the period. State of Wyoming grew its position in Camtek by 146.2% during the 4th quarter. State of Wyoming now owns 2,021 shares of the semiconductor company's stock worth $163,000 after purchasing an additional 1,200 shares during the last quarter. Optimum Investment Advisors grew its position in Camtek by 43.3% during the 4th quarter. Optimum Investment Advisors now owns 2,150 shares of the semiconductor company's stock worth $174,000 after purchasing an additional 650 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in Camtek during the 4th quarter worth $209,000. 41.93% of the stock is owned by hedge funds and other institutional investors.

Camtek Stock Performance

Shares of NASDAQ:CAMT traded up $4.74 during midday trading on Friday, hitting $92.26. The stock had a trading volume of 491,428 shares, compared to its average volume of 558,617. 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 Ltd. has a 1 year low of $47.41 and a 1 year high of $140.50. The stock has a 50 day moving average price of $72.21 and a two-hundred day moving average price of $74.97. The company has a market capitalization of $4.21 billion, a PE ratio of 35.35, a P/E/G ratio of 2.41 and a beta of 1.34.

Camtek (NASDAQ:CAMT - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The semiconductor company reported $0.79 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $119.00 million. During the same quarter last year, the business earned $0.63 earnings per share. The business's revenue for the quarter was up 22.3% compared to the same quarter last year. As a group, equities analysts predict that Camtek Ltd. will post 2.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CAMT. Oppenheimer began coverage on shares of Camtek in a research report on Wednesday. They set an "outperform" rating and a $100.00 price objective on the stock. B. Riley raised their price objective on shares of Camtek from $85.00 to $95.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Wall Street Zen raised shares of Camtek from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Cantor Fitzgerald set a $80.00 price objective on shares of Camtek and gave the stock a "neutral" rating in a research report on Tuesday, June 24th. Finally, Jefferies Financial Group lowered their price objective on shares of Camtek from $120.00 to $85.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Two investment 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $89.70.

About Camtek

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.