Raiffeisen Bank International AG Takes $7.65 Million Position in Camtek Ltd. (NASDAQ:CAMT)

Raiffeisen Bank International AG purchased a new position in Camtek Ltd. (NASDAQ:CAMT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 95,000 shares of the semiconductor company's stock, valued at approximately $7,650,000. Raiffeisen Bank International AG owned approximately 0.21% of Camtek as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CAMT. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Camtek by 9.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 963,874 shares of the semiconductor company's stock worth $77,852,000 after acquiring an additional 81,709 shares in the last quarter. Blue Trust Inc. increased its holdings in Camtek by 24.0% in the 4th quarter. Blue Trust Inc. now owns 4,986 shares of the semiconductor company's stock worth $398,000 after acquiring an additional 966 shares in the last quarter. Prentiss Smith & Co. Inc. increased its holdings in Camtek by 10.8% in the 4th quarter. Prentiss Smith & Co. Inc. now owns 2,786 shares of the semiconductor company's stock worth $225,000 after acquiring an additional 272 shares in the last quarter. abrdn plc increased its holdings in Camtek by 25.6% in the 4th quarter. abrdn plc now owns 179,046 shares of the semiconductor company's stock worth $14,706,000 after acquiring an additional 36,447 shares in the last quarter. Finally, Stratos Wealth Partners LTD. purchased a new stake in Camtek in the 4th quarter worth $336,000. Hedge funds and other institutional investors own 41.93% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CAMT shares. StockNews.com lowered shares of Camtek from a "hold" rating to a "sell" rating in a report on Tuesday. Jefferies Financial Group dropped their target price on shares of Camtek from $120.00 to $85.00 and set a "buy" rating for the company in a report on Friday, March 28th. B. Riley upped their target price on shares of Camtek from $85.00 to $95.00 and gave the stock a "buy" rating in a report on Wednesday. Barclays lowered their price target on shares of Camtek from $120.00 to $85.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Bank of America dropped their price objective on shares of Camtek from $105.00 to $80.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $92.44.

Camtek Trading Down 4.8%

NASDAQ CAMT opened at $66.51 on Friday. The firm's 50-day moving average is $62.99 and its two-hundred day moving average is $75.50. Camtek Ltd. has a 12 month low of $47.41 and a 12 month high of $140.50. 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 stock has a market capitalization of $3.03 billion, a P/E ratio of 27.48, a PEG ratio of 1.89 and a beta of 1.36.

Camtek (NASDAQ:CAMT - Get Free Report) last posted its earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $0.74 by ($0.06). Camtek had a net margin of 27.61% and a return on equity of 24.99%. On average, sell-side analysts anticipate that Camtek Ltd. will post 2.93 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.