Mackenzie Financial Corp Acquires 6,266 Shares of Camtek Ltd. (NASDAQ:CAMT)

Mackenzie Financial Corp lifted its holdings in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 71.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,062 shares of the semiconductor company's stock after acquiring an additional 6,266 shares during the period. Mackenzie Financial Corp's holdings in Camtek were worth $1,217,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CAMT. Wasatch Advisors LP lifted 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 period. Menora Mivtachim Holdings LTD. raised its stake in shares of Camtek by 81.8% during the fourth 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 last quarter. Meitav Investment House Ltd. lifted its holdings in shares of Camtek by 119.3% during the fourth quarter. Meitav Investment House Ltd. now owns 818,123 shares of the semiconductor company's stock worth $66,159,000 after purchasing an additional 445,079 shares during the period. Driehaus Capital Management LLC acquired a new stake in shares of Camtek during the fourth quarter worth $30,956,000. Finally, Migdal Insurance & Financial Holdings Ltd. grew its position in Camtek by 32.6% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,135,453 shares of the semiconductor company's stock valued at $91,711,000 after buying an additional 279,000 shares during the last quarter. 41.93% of the stock is owned by institutional investors and hedge funds.

Camtek Stock Up 6.8%

Shares of CAMT traded up $4.66 during trading on Wednesday, reaching $72.70. The company's stock had a trading volume of 537,123 shares, compared to its average volume of 564,433. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 30.04, a P/E/G ratio of 1.89 and a beta of 1.36. The company has a fifty day moving average of $63.48 and a two-hundred day moving average of $74.29. The company has a quick ratio of 4.11, a current ratio of 5.00 and a debt-to-equity ratio of 0.36. Camtek Ltd. has a twelve month low of $47.41 and a twelve month high of $140.50.

Camtek (NASDAQ:CAMT - Get Free Report) last posted its earnings results on Tuesday, May 13th. The semiconductor company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.77 by $0.02. The company had revenue of $118.64 million during the quarter, compared to analyst estimates of $119.00 million. Camtek had a return on equity of 24.99% and a net margin of 27.61%. The business's revenue was up 22.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.63 earnings per share. On average, sell-side analysts predict that Camtek Ltd. will post 2.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CAMT has been the subject of several research analyst reports. Northland Securities set a $105.00 price objective on Camtek in a research note on Wednesday, May 14th. B. Riley increased their price objective on shares of Camtek from $85.00 to $95.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Bank of America lowered their target price on shares of Camtek from $105.00 to $80.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Jefferies Financial Group dropped 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. Finally, Needham & Company LLC reduced their target price on Camtek from $110.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, May 14th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.78.

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.