Migdal Insurance & Financial Holdings Ltd. Sells 179,000 Shares of Camtek Ltd. (NASDAQ:CAMT)

Migdal Insurance & Financial Holdings Ltd. lessened its stake in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 15.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 948,973 shares of the semiconductor company's stock after selling 179,000 shares during the period. Camtek comprises about 1.3% of Migdal Insurance & Financial Holdings Ltd.'s portfolio, making the stock its 21st largest holding. Migdal Insurance & Financial Holdings Ltd. owned 2.13% of Camtek worth $65,840,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of CAMT. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Camtek by 275.5% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,067,187 shares of the semiconductor company's stock valued at $66,405,000 after purchasing an additional 782,958 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in Camtek during the third quarter valued at about $21,162,000. Millennium Management LLC boosted its holdings in shares of Camtek by 104.3% in the fourth quarter. Millennium Management LLC now owns 397,423 shares of the semiconductor company's stock worth $8,727,000 after buying an additional 202,935 shares during the period. Westfield Capital Management Co. LP purchased a new position in shares of Camtek in the third quarter worth approximately $12,093,000. Finally, Eagle Asset Management Inc. purchased a new position in shares of Camtek in the third quarter worth approximately $12,022,000. 41.93% of the stock is owned by institutional investors.

Camtek Stock Down 3.8 %

Shares of CAMT traded down $3.15 during midday trading on Wednesday, reaching $80.36. 290,767 shares of the stock were exchanged, compared to its average volume of 428,302. The company has a market cap of $3.61 billion, a price-to-earnings ratio of 49.78, a P/E/G ratio of 2.69 and a beta of 1.41. The firm has a 50 day simple moving average of $81.05 and a 200-day simple moving average of $70.70. Camtek Ltd. has a 12-month low of $24.89 and a 12-month high of $90.54. The company has a quick ratio of 4.77, a current ratio of 5.66 and a debt-to-equity ratio of 0.41.

Camtek (NASDAQ:CAMT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 20th. The semiconductor company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.04. The firm had revenue of $88.70 million for the quarter, compared to analyst estimates of $88.02 million. Camtek had a net margin of 24.93% and a return on equity of 18.92%. The company's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 earnings per share. Research analysts forecast that Camtek Ltd. will post 2.12 EPS for the current year.

Camtek Announces Dividend

The firm also recently disclosed a Variable dividend, which will be paid on Thursday, April 18th. Investors of record on Thursday, April 4th will be issued a $1.33 dividend. The ex-dividend date is Wednesday, April 3rd. Camtek's dividend payout ratio is presently 82.10%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Barclays raised their price objective on shares of Camtek from $82.00 to $90.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 21st. B. Riley reaffirmed a "buy" rating and issued a $102.00 target price on shares of Camtek in a research report on Tuesday, March 26th. Finally, Evercore ISI began coverage on Camtek in a research report on Tuesday. They set an "outperform" rating and a $100.00 price target on the stock. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $74.75.

About Camtek

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.