Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management Buys 11,031 Shares of Camtek Ltd. $CAMT

Key Points

• Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management boosted its stake in Camtek by 35.6%, buying 11,031 shares to hold 42,031 shares worth $4.47 million, representing about 0.09% of Camtek and 0.6% of the fund's portfolio.
• Camtek reported Q results with EPS of $0.81 (missing estimates by $0.02) and revenue of $128.12 million, up 9.2% year‑over‑year, while the stock trades around $203 with a market cap of $9.3 billion and a high P/E (~216).
• Analyst sentiment is mixed—seven Buys and seven Holds yielding a consensus rating of "Moderate Buy" and a consensus target of $166.75, below the current share price, though some firms (Oppenheimer, Needham) have recently raised targets.

Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management boosted its stake in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 35.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,031 shares of the semiconductor company's stock after buying an additional 11,031 shares during the quarter. Camtek makes up 0.6% of Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management's portfolio, making the stock its 29th largest position. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management owned 0.09% of Camtek worth $4,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CAMT. Advisors Asset Management Inc. lifted its holdings in Camtek by 61.6% during the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company's stock valued at $45,000 after buying an additional 293 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Camtek by 12.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 149,223 shares of the semiconductor company's stock valued at $8,749,000 after purchasing an additional 16,117 shares during the period. Geode Capital Management LLC increased its position in Camtek by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 39,420 shares of the semiconductor company's stock valued at $3,333,000 after purchasing an additional 279 shares during the period. Cetera Investment Advisers increased its position in Camtek by 4.7% during the 2nd quarter. Cetera Investment Advisers now owns 4,841 shares of the semiconductor company's stock valued at $409,000 after purchasing an additional 217 shares during the period. Finally, Invesco Ltd. increased its position in Camtek by 8.3% during the 2nd quarter. Invesco Ltd. now owns 263,836 shares of the semiconductor company's stock valued at $22,310,000 after purchasing an additional 20,237 shares during the period. Institutional investors own 41.93% of the company's stock.

Camtek Stock Up 3.6%

Shares of Camtek stock opened at $203.00 on Friday. The firm's 50 day moving average price is $166.13 and its 200-day moving average price is $137.35. The company has a quick ratio of 7.31, a current ratio of 8.35 and a debt-to-equity ratio of 0.84. Camtek Ltd. has a 52-week low of $62.60 and a 52-week high of $210.20. The company has a market cap of $9.30 billion, a P/E ratio of 215.96, a PEG ratio of 4.61 and a beta of 1.56.

Camtek (NASDAQ:CAMT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 18th. The semiconductor company reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.83 by ($0.02). Camtek had a return on equity of 23.61% and a net margin of 10.23%.The firm had revenue of $128.12 million during the quarter, compared to analysts' expectations of $127.10 million. During the same period in the previous year, the firm earned $0.77 EPS. The firm's quarterly revenue was up 9.2% on a year-over-year basis. On average, sell-side analysts predict that Camtek Ltd. will post 3.12 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on CAMT shares. Oppenheimer raised their target price on shares of Camtek from $120.00 to $180.00 and gave the company an "outperform" rating in a research report on Thursday, February 19th. Weiss Ratings reissued a "hold (c+)" rating on shares of Camtek in a research report on Monday, December 29th. B. Riley Financial reissued a "buy" rating on shares of Camtek in a research report on Monday. Northland Securities downgraded shares of Camtek from an "outperform" rating to a "market perform" rating and set a $150.00 target price on the stock. in a research report on Wednesday, February 18th. Finally, Needham & Company LLC raised their target price on shares of Camtek from $160.00 to $175.00 and gave the company a "buy" rating in a research report on Wednesday, February 18th. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $166.75.

Camtek Profile

Camtek Ltd. NASDAQ: CAMT is a provider of automated inspection and metrology solutions for the semiconductor and printed circuit board (PCB) industries. The company develops, manufactures and markets a suite of inline and stand-alone systems that perform high‐resolution 2D and 3D measurements, defect review and process control. Its products are used by integrated device manufacturers, foundries, OSAT (outsourced semiconductor assembly and test) providers, and PCB fabricators to optimize yield, improve product quality and reduce production costs.

Camtek's core offerings include wafer inspection systems that detect and classify defects on patterned wafers, patterned wafer metrology tools for overlay and critical dimension measurements, and advanced packaging inspection platforms for 3D ICs and fan-out wafer-level packaging.

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