New York State Common Retirement Fund lifted its stake in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 218.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 89,141 shares of the semiconductor company's stock after purchasing an additional 61,153 shares during the period. New York State Common Retirement Fund owned about 0.20% of Camtek worth $5,226,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the stock. Menora Mivtachim Holdings LTD. grew its holdings in shares of Camtek by 81.8% in 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. Wasatch Advisors LP lifted its stake in Camtek by 311.8% in the fourth 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. Vanguard Group Inc. lifted its stake in Camtek by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 983,986 shares of the semiconductor company's stock worth $80,028,000 after acquiring an additional 14,702 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Camtek by 1.7% in the first 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 period. Finally, The Manufacturers Life Insurance Company lifted its stake in Camtek by 46.1% in the fourth 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 period. 41.93% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several analysts have commented on CAMT shares. Stifel Nicolaus increased their price target on shares of Camtek from $84.00 to $98.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Oppenheimer started coverage on shares of Camtek in a research report on Wednesday, July 2nd. They set an "outperform" rating and a $100.00 price target for the company. Jefferies Financial Group decreased their price target on shares of Camtek from $120.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Evercore ISI decreased their price target on shares of Camtek from $100.00 to $82.00 and set an "outperform" rating for the company in a research report on Wednesday, May 14th. Finally, B. Riley increased their price target on shares of Camtek from $85.00 to $95.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $89.00.
View Our Latest Research Report on CAMT
Camtek Stock Performance
Shares of NASDAQ CAMT traded up $0.92 during midday trading on Thursday, reaching $93.96. 79,876 shares of the stock were exchanged, compared to its average volume of 474,448. The firm has a market cap of $4.28 billion, a price-to-earnings ratio of 36.00, a PEG ratio of 2.52 and a beta of 1.34. Camtek Ltd. has a twelve month low of $47.41 and a twelve month high of $110.73. The firm has a 50-day simple moving average of $78.25 and a two-hundred day simple moving average of $75.71. 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 (NASDAQ:CAMT - Get Free Report) last announced its earnings results on Tuesday, May 13th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $118.64 million for the quarter, compared to analyst estimates of $119.00 million. During the same quarter last year, the firm posted $0.63 EPS. The business's revenue was up 22.3% on a year-over-year basis. As a group, analysts anticipate that Camtek Ltd. will post 2.93 EPS for the current fiscal year.
About Camtek
(
Free Report)
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.
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