Royal Bank of Canada Has $16.71 Million Holdings in Camtek Ltd. (NASDAQ:CAMT)

Royal Bank of Canada increased its stake in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 25.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 206,927 shares of the semiconductor company's stock after purchasing an additional 41,865 shares during the period. Royal Bank of Canada owned 0.46% of Camtek worth $16,714,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Clal Insurance Enterprises Holdings Ltd lifted its stake in 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 valued at $135,743,000 after buying an additional 154,548 shares during the last quarter. Menora Mivtachim Holdings LTD. grew its position 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 acquiring an additional 705,000 shares during the last quarter. Wasatch Advisors LP increased 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 acquiring an additional 903,126 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted 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 purchasing an additional 279,000 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Camtek by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 983,986 shares of the semiconductor company's stock valued at $80,028,000 after purchasing an additional 14,702 shares during the last quarter. Institutional investors and hedge funds own 41.93% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on CAMT. Wall Street Zen upgraded shares of Camtek from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Northland Securities set a $105.00 target price on Camtek in a research report on Wednesday, May 14th. Jefferies Financial Group cut their target price on Camtek from $120.00 to $85.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Needham & Company LLC reduced their price target on Camtek from $110.00 to $80.00 and set a "buy" rating for the company in a research report on Wednesday, May 14th. Finally, Evercore ISI lowered their price target on Camtek from $100.00 to $82.00 and set an "outperform" rating on the stock in a report on Wednesday, May 14th. Two investment 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 company's stock. According to MarketBeat, Camtek has an average rating of "Moderate Buy" and an average price target of $90.78.

Camtek Price Performance

Shares of CAMT traded down $1.77 during midday trading on Friday, reaching $67.26. The stock had a trading volume of 46,870 shares, compared to its average volume of 563,822. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.00 and a quick ratio of 4.11. The company has a market capitalization of $3.07 billion, a P/E ratio of 27.85, a P/E/G ratio of 1.89 and a beta of 1.36. The firm's 50 day moving average price is $63.08 and its 200-day moving average price is $74.59. Camtek Ltd. has a 52 week low of $47.41 and a 52 week high of $140.50.

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

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.