USS Investment Management Ltd acquired a new stake in Camtek Ltd. (NASDAQ:CAMT - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 20,050 shares of the semiconductor company's stock, valued at approximately $1,619,000.
Several other hedge funds also recently modified their holdings of CAMT. Wasatch Advisors LP increased its stake 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 acquiring an additional 903,126 shares in the last quarter. Menora Mivtachim Holdings LTD. increased its stake in Camtek by 81.8% during 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. Meitav Investment House Ltd. increased its stake in Camtek by 119.3% during the 4th quarter. Meitav Investment House Ltd. now owns 818,123 shares of the semiconductor company's stock valued at $66,159,000 after purchasing an additional 445,079 shares in the last quarter. Driehaus Capital Management LLC bought a new stake in Camtek during the 4th quarter valued at $30,956,000. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in Camtek by 32.6% during 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 in the last quarter. Institutional investors own 41.93% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have issued reports on CAMT shares. Evercore ISI cut their price objective on shares of Camtek from $100.00 to $82.00 and set an "outperform" rating on the stock in a report on Wednesday, May 14th. Jefferies Financial Group cut their price objective on shares of Camtek from $120.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Wall Street Zen raised shares of Camtek from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. B. Riley boosted their price target on shares of Camtek from $85.00 to $95.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Finally, Bank of America cut their price target on shares of Camtek from $105.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $90.78.
Check Out Our Latest Analysis on Camtek
Camtek Trading Up 4.7%
NASDAQ CAMT traded up $3.05 during trading hours on Thursday, hitting $68.33. The company's stock had a trading volume of 178,716 shares, compared to its average volume of 565,089. Camtek Ltd. has a twelve month low of $47.41 and a twelve month high of $140.50. The company has a quick ratio of 4.11, a current ratio of 5.00 and a debt-to-equity ratio of 0.36. The stock has a fifty day moving average of $63.06 and a 200 day moving average of $74.66. The firm has a market capitalization of $3.12 billion, a P/E ratio of 28.15, a PEG ratio of 1.89 and a beta of 1.36.
Camtek (NASDAQ:CAMT - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $118.64 million during the quarter, compared to analysts' expectations of $119.00 million. Camtek had a net margin of 27.61% and a return on equity of 24.99%. The business's revenue was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.63 EPS. Equities research analysts forecast that Camtek Ltd. will post 2.93 earnings per share for the current fiscal year.
Camtek Profile
(
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.
Further Reading
Before you consider Camtek, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Camtek wasn't on the list.
While Camtek currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
