Camtek Ltd. (NASDAQ:CAMT) Shares Bought by Clal Insurance Enterprises Holdings Ltd

Key Points

• Clal Insurance Enterprises Holdings Ltd increased its stake in Camtek Ltd. by 27.8% in Q1, now owning approximately 4.68% of the company, valued at about $123.6 million.
• Analysts generally favor Camtek, with eight "buy" ratings and a current average price target of $96.10, indicating positive market sentiment.
• Camtek recently reported quarterly earnings of $0.79 per share, matching analyst expectations, with revenue rising by 20.2% year-over-year to $123.32 million.

Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 27.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,134,671 shares of the semiconductor company's stock after acquiring an additional 464,671 shares during the quarter. Camtek accounts for 1.3% of Clal Insurance Enterprises Holdings Ltd's holdings, making the stock its 19th largest position. Clal Insurance Enterprises Holdings Ltd owned approximately 4.68% of Camtek worth $123,622,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Eagle Global Advisors LLC lifted its holdings in Camtek by 29.2% in the first quarter. Eagle Global Advisors LLC now owns 31,400 shares of the semiconductor company's stock valued at $1,841,000 after acquiring an additional 7,100 shares during the period. Nuveen LLC acquired a new position in Camtek in the first quarter valued at approximately $3,366,000. Cynosure Group LLC lifted its holdings in Camtek by 44.6% in the first quarter. Cynosure Group LLC now owns 5,864 shares of the semiconductor company's stock valued at $344,000 after acquiring an additional 1,808 shares during the period. Vanguard Group Inc. lifted its holdings in Camtek by 1.9% in the first quarter. Vanguard Group Inc. now owns 1,002,302 shares of the semiconductor company's stock valued at $58,715,000 after acquiring an additional 18,316 shares during the period. Finally, TD Asset Management Inc lifted its holdings in Camtek by 23.4% in the first quarter. TD Asset Management Inc now owns 5,474 shares of the semiconductor company's stock valued at $313,000 after acquiring an additional 1,039 shares during the period. 41.93% of the stock is owned by institutional investors and hedge funds.

Camtek Trading Down 1.2%

Shares of NASDAQ CAMT traded down $1.08 during mid-day trading on Thursday, reaching $87.05. 336,088 shares of the company's stock were exchanged, compared to its average volume of 472,617. The company's 50-day moving average is $85.92 and its 200-day moving average is $75.17. Camtek Ltd. has a 52-week low of $47.41 and a 52-week high of $110.73. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 31.89, a PEG ratio of 2.25 and a beta of 1.31. The company has a debt-to-equity ratio of 0.32, a quick ratio of 4.38 and a current ratio of 5.41.

Camtek (NASDAQ:CAMT - Get Free Report) last announced its earnings results on Tuesday, August 5th. The semiconductor company reported $0.79 EPS for the quarter, meeting analysts' consensus estimates of $0.79. The company had revenue of $123.32 million during the quarter, compared to analysts' expectations of $121.57 million. Camtek had a return on equity of 23.95% and a net margin of 28.36%. Camtek's revenue for the quarter was up 20.2% on a year-over-year basis. During the same period last year, the business posted $0.66 EPS. Analysts expect that Camtek Ltd. will post 2.93 EPS for the current fiscal year.

Analysts Set New Price Targets

CAMT has been the subject of several research analyst reports. Evercore ISI upped their target price on Camtek from $82.00 to $100.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. B. Riley upped their target price on Camtek from $85.00 to $95.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Bank of America cut Camtek from a "buy" rating to a "neutral" rating and set a $95.00 target price for the company. in a report on Wednesday, August 6th. Cantor Fitzgerald set a $80.00 target price on Camtek and gave the company a "neutral" rating in a report on Tuesday, June 24th. Finally, Jefferies Financial Group set a $105.00 target price on Camtek and gave the company a "buy" rating in a report on Tuesday, August 5th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $96.10.

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.