Migdal Insurance & Financial Holdings Ltd. Buys 312,988 Shares of Camtek Ltd. (NASDAQ:CAMT)

Migdal Insurance & Financial Holdings Ltd. raised its position in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 27.6% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,448,441 shares of the semiconductor company's stock after purchasing an additional 312,988 shares during the period. Camtek comprises approximately 1.2% of Migdal Insurance & Financial Holdings Ltd.'s portfolio, making the stock its 25th biggest holding. Migdal Insurance & Financial Holdings Ltd. owned 3.18% of Camtek worth $84,922,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CAMT. Huntington National Bank lifted its position in shares of 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 acquiring an additional 123 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of 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 acquiring an additional 171 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of 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 acquiring an additional 324 shares in the last quarter. Blue Trust Inc. lifted its position in shares of 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 acquiring an additional 351 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of 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 acquiring an additional 360 shares in the last quarter. Institutional investors and hedge funds own 41.93% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on CAMT. Stifel Nicolaus increased their target price on Camtek from $84.00 to $98.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Oppenheimer assumed coverage on Camtek in a report on Wednesday, July 2nd. They issued an "outperform" rating and a $100.00 price objective on the stock. Wall Street Zen upgraded Camtek from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Needham & Company LLC cut their price objective on Camtek from $110.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, May 14th. Finally, Northland Securities set a $105.00 price objective on Camtek in a report on Wednesday, May 14th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Camtek presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.00.

Camtek Stock Performance

Shares of CAMT traded up $0.58 during mid-day trading on Friday, hitting $92.51. The stock had a trading volume of 142,072 shares, compared to its average volume of 539,823. The company has a market cap of $4.22 billion, a PE ratio of 35.44, a PEG ratio of 2.52 and a beta of 1.34. The company's fifty day simple moving average is $76.81 and its two-hundred day simple moving average is $75.43. The company has a quick ratio of 4.27, a current ratio of 5.28 and a debt-to-equity ratio of 0.34. Camtek Ltd. has a fifty-two week low of $47.41 and a fifty-two week high of $117.26.

Camtek (NASDAQ:CAMT - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The semiconductor company reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.02. Camtek had a return on equity of 24.57% and a net margin of 28.40%. The company had revenue of $118.64 million for the quarter, compared to the consensus estimate of $119.00 million. During the same quarter in the previous year, the business earned $0.63 EPS. The company's quarterly revenue was up 22.3% compared to the same quarter last year. On average, equities analysts expect that Camtek Ltd. will post 2.93 earnings per share for the current 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.