Camtek Ltd. (NASDAQ:CAMT) Stake Boosted by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 27.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,448,441 shares of the semiconductor company's stock after buying an additional 312,988 shares during the quarter. Camtek comprises 1.2% of Migdal Insurance & Financial Holdings Ltd.'s portfolio, making the stock its 25th biggest holding. Migdal Insurance & Financial Holdings Ltd. owned approximately 3.18% of Camtek worth $84,922,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CAMT. Menora Mivtachim Holdings LTD. boosted its holdings in shares of Camtek by 81.8% in the 4th quarter. Menora Mivtachim Holdings LTD. now owns 1,566,433 shares of the semiconductor company's stock worth $126,521,000 after purchasing an additional 705,000 shares during the period. Wasatch Advisors LP boosted its holdings in shares of Camtek by 311.8% in the 4th quarter. Wasatch Advisors LP now owns 1,192,784 shares of the semiconductor company's stock worth $96,341,000 after purchasing an additional 903,126 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Camtek by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 983,986 shares of the semiconductor company's stock worth $80,028,000 after purchasing an additional 14,702 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Camtek by 1.7% in 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 purchasing an additional 16,200 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Camtek by 46.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 483,245 shares of the semiconductor company's stock worth $39,032,000 after purchasing an additional 152,529 shares during the period. Hedge funds and other institutional investors own 41.93% of the company's stock.

Analysts Set New Price Targets

CAMT has been the topic of several research analyst reports. Wall Street Zen upgraded Camtek from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Jefferies Financial Group decreased their price objective on Camtek from $120.00 to $85.00 and set a "buy" rating for the company in a report on Friday, March 28th. Barclays decreased their price objective on Camtek from $120.00 to $85.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Oppenheimer began coverage on Camtek in a report on Wednesday, July 2nd. They set an "outperform" rating and a $100.00 target price for the company. Finally, Evercore ISI dropped their price target on Camtek from $100.00 to $82.00 and set an "outperform" rating for the company in a research report on Wednesday, May 14th. Two equities research 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 data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $89.00.

Camtek Stock Up 1.9%

Camtek stock traded up $1.78 during trading on Monday, reaching $94.29. 658,325 shares of the company's stock were exchanged, compared to its average volume of 540,297. 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 company's 50-day moving average is $76.81 and its two-hundred day moving average is $75.39. The firm has a market cap of $4.30 billion, a price-to-earnings ratio of 36.13, a PEG ratio of 2.52 and a beta of 1.34. Camtek Ltd. has a 52-week low of $47.41 and a 52-week high of $117.26.

Camtek (NASDAQ:CAMT - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $118.64 million during the quarter, compared to the consensus estimate of $119.00 million. During the same period last year, the firm earned $0.63 earnings per share. The company's revenue for the quarter was up 22.3% compared to the same quarter last year. On average, analysts predict that Camtek Ltd. will post 2.93 earnings per share for the current year.

Camtek 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.