Y.D. More Investments Ltd Has $69.61 Million Stake in Camtek Ltd. $CAMT

Key Points

• Y.D. More Investments reduced its Camtek holding by 11.5% in Q4, selling 84,090 shares and now owning 648,574 shares worth about $69.61 million, which represents 1.42% of Camtek and ~3.3% of Y.D. More’s portfolio (its 8th largest position).
• Analyst sentiment is positive overall with a MarketBeat consensus of "Moderate Buy" and a consensus target of $166.75, while several firms raised targets (e.g., Evercore $190, Stifel $185, Needham $175).
• Camtek’s latest quarter showed $0.81 EPS (slightly below estimates) and revenue of $128.1 million (up 9.2% YoY), with a market cap of $7.23 billion and a 12‑month range of $47.41–$180.83.

Y.D. More Investments Ltd lessened its position in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 11.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 648,574 shares of the semiconductor company's stock after selling 84,090 shares during the quarter. Camtek makes up about 3.3% of Y.D. More Investments Ltd's investment portfolio, making the stock its 8th largest position. Y.D. More Investments Ltd owned 1.42% of Camtek worth $69,606,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of CAMT. Wasatch Advisors LP lifted its position in Camtek by 14.7% in the third quarter. Wasatch Advisors LP now owns 4,020,683 shares of the semiconductor company's stock worth $422,373,000 after purchasing an additional 513,956 shares during the period. Menora Mivtachim Holdings LTD. increased its holdings in Camtek by 31.1% in the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 2,099,351 shares of the semiconductor company's stock valued at $220,537,000 after buying an additional 497,918 shares during the period. Brown Capital Management LLC raised its stake in shares of Camtek by 1.2% in the 3rd quarter. Brown Capital Management LLC now owns 1,153,943 shares of the semiconductor company's stock valued at $121,222,000 after buying an additional 13,806 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Camtek by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,079,022 shares of the semiconductor company's stock valued at $113,454,000 after buying an additional 15,432 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Camtek by 12.6% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,061,139 shares of the semiconductor company's stock worth $111,473,000 after acquiring an additional 119,065 shares during the period. 41.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on CAMT shares. Morgan Stanley lifted their target price on shares of Camtek from $151.00 to $161.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 24th. Needham & Company LLC raised their price target on shares of Camtek from $160.00 to $175.00 and gave the stock a "buy" rating in a research note on Wednesday, February 18th. Evercore reaffirmed an "outperform" rating and set a $190.00 price objective on shares of Camtek in a report on Wednesday, February 18th. Stifel Nicolaus upped their price objective on Camtek from $120.00 to $185.00 and gave the company a "buy" rating in a research note on Wednesday, February 18th. Finally, Zacks Research raised Camtek from a "strong sell" rating to a "hold" rating in a report on Monday, February 2nd. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $166.75.

Camtek Stock Performance

Shares of Camtek stock opened at $157.73 on Monday. The stock has a market capitalization of $7.23 billion, a P/E ratio of 167.80, a price-to-earnings-growth ratio of 3.71 and a beta of 1.56. The company has a quick ratio of 7.31, a current ratio of 8.35 and a debt-to-equity ratio of 0.84. The company has a 50-day simple moving average of $156.87 and a 200 day simple moving average of $130.09. Camtek Ltd. has a 12-month low of $47.41 and a 12-month high of $180.83.

Camtek (NASDAQ:CAMT - Get Free Report) last released its quarterly earnings results on Wednesday, February 18th. The semiconductor company reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.83 by ($0.02). The firm had revenue of $128.12 million during the quarter, compared to analyst estimates of $127.10 million. Camtek had a net margin of 10.23% and a return on equity of 23.61%. Camtek's quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.77 earnings per share. Research analysts expect that Camtek Ltd. will post 2.93 earnings per share for the current fiscal year.

About Camtek

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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