Clal Insurance Enterprises Holdings Ltd Increases Holdings in Camtek Ltd. (NASDAQ:CAMT)

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 grew its holdings in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 27.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,134,671 shares of the semiconductor company's stock after purchasing an additional 464,671 shares during the period. Camtek makes up about 1.3% of Clal Insurance Enterprises Holdings Ltd's portfolio, making the stock its 19th biggest position. Clal Insurance Enterprises Holdings Ltd owned about 4.68% of Camtek worth $123,622,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. grew its position in Camtek by 27.6% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,448,441 shares of the semiconductor company's stock worth $84,922,000 after acquiring an additional 312,988 shares during the last quarter. Wasatch Advisors LP grew its position in Camtek by 311.8% during the 4th quarter. Wasatch Advisors LP now owns 1,192,784 shares of the semiconductor company's stock worth $96,341,000 after acquiring an additional 903,126 shares during the last quarter. Vanguard Group Inc. grew its position in Camtek by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 1,002,302 shares of the semiconductor company's stock worth $58,715,000 after acquiring an additional 18,316 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in Camtek by 1.7% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 980,074 shares of the semiconductor company's stock worth $57,462,000 after acquiring an additional 16,200 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Camtek by 46.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 483,245 shares of the semiconductor company's stock worth $39,032,000 after acquiring an additional 152,529 shares during the last quarter. Institutional investors own 41.93% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on CAMT shares. Oppenheimer started coverage on Camtek in a research report on Wednesday, July 2nd. They issued an "outperform" rating and a $100.00 price target on the stock. Jefferies Financial Group set a $105.00 price target on Camtek and gave the company a "buy" rating in a research report on Tuesday, August 5th. Northland Securities set a $105.00 price target on Camtek in a research report on Wednesday, May 14th. Cantor Fitzgerald set a $80.00 price target on Camtek and gave the company a "neutral" rating in a research report on Tuesday, June 24th. Finally, B. Riley upped their price target on Camtek from $85.00 to $95.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $96.10.

Camtek Trading Down 3.6%

Shares of NASDAQ:CAMT traded down $3.11 on Friday, reaching $83.94. 336,365 shares of the company traded hands, compared to its average volume of 415,963. The business's 50-day simple moving average is $86.13 and its 200 day simple moving average is $75.16. Camtek Ltd. has a 52 week low of $47.41 and a 52 week high of $110.73. The stock has a market capitalization of $3.83 billion, a P/E ratio of 30.75, a price-to-earnings-growth ratio of 2.26 and a beta of 1.31. The company has a current ratio of 5.41, a quick ratio of 4.38 and a debt-to-equity ratio of 0.32.

Camtek (NASDAQ:CAMT - Get Free Report) last posted its earnings results on Tuesday, August 5th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.79. The company had revenue of $123.32 million for 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 quarterly revenue was up 20.2% on a year-over-year basis. During the same period last year, the firm earned $0.66 earnings per share. As a group, equities analysts anticipate that Camtek Ltd. will post 2.93 EPS for the current fiscal year.

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.