Oppenheimer Asset Management Inc. acquired a new stake in Camtek Ltd. (NASDAQ:CAMT - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,783 shares of the semiconductor company's stock, valued at approximately $1,101,000.
Several other large investors also recently modified their holdings of CAMT. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Camtek by 10.2% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,670,000 shares of the semiconductor company's stock worth $135,743,000 after acquiring an additional 154,548 shares in the last quarter. Menora Mivtachim Holdings LTD. raised its position 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 valued at $126,521,000 after purchasing an additional 705,000 shares in the last quarter. Wasatch Advisors LP raised its position 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 valued at $96,341,000 after purchasing an additional 903,126 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Camtek by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 983,986 shares of the semiconductor company's stock valued at $80,028,000 after buying an additional 14,702 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Camtek by 46.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 483,245 shares of the semiconductor company's stock worth $39,032,000 after buying an additional 152,529 shares in the last quarter. 41.93% of the stock is currently owned by institutional investors and hedge funds.
Camtek Stock Performance
Shares of NASDAQ:CAMT traded down $3.61 during trading on Tuesday, hitting $80.95. 314,748 shares of the company traded hands, compared to its average volume of 554,034. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 31.14, a PEG ratio of 2.29 and a beta of 1.29. Camtek Ltd. has a one year low of $47.41 and a one year high of $140.50. The company has a quick ratio of 4.27, a current ratio of 5.28 and a debt-to-equity ratio of 0.34. The business's fifty day moving average is $70.28 and its 200-day moving average is $74.62.
Camtek (NASDAQ:CAMT - Get Free Report) last issued its earnings results on Tuesday, May 13th. The semiconductor company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.02. The firm had revenue of $118.64 million for the quarter, compared to analyst estimates of $119.00 million. Camtek had a return on equity of 24.57% and a net margin of 28.40%. The firm's revenue for the quarter was up 22.3% on a year-over-year basis. During the same period last year, the company earned $0.63 earnings per share. As a group, equities analysts predict that Camtek Ltd. will post 2.93 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on CAMT. Wall Street Zen raised shares of Camtek from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Barclays cut their target price on shares of Camtek from $120.00 to $85.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Bank of America decreased their price target on Camtek from $105.00 to $80.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. 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 research note on Wednesday, May 14th. Finally, Cantor Fitzgerald set a $80.00 target price on Camtek and gave the stock a "neutral" rating in a report on Tuesday, June 24th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $88.56.
Check Out Our Latest Stock Report on CAMT
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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