Raiffeisen Bank International AG Acquires Shares of 95,000 Camtek Ltd. (NASDAQ:CAMT)

Raiffeisen Bank International AG purchased a new position in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 95,000 shares of the semiconductor company's stock, valued at approximately $7,650,000. Raiffeisen Bank International AG owned about 0.21% of Camtek as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CAMT. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Camtek by 10.2% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,670,000 shares of the semiconductor company's stock worth $135,743,000 after purchasing an additional 154,548 shares during the last quarter. Menora Mivtachim Holdings LTD. lifted its position 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 worth $126,521,000 after buying an additional 705,000 shares in the last quarter. Wasatch Advisors LP boosted its stake in shares of Camtek by 311.8% during the 4th quarter. Wasatch Advisors LP now owns 1,192,784 shares of the semiconductor company's stock worth $96,341,000 after buying an additional 903,126 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of 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 acquiring an additional 279,000 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of 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 acquiring an additional 14,702 shares in the last quarter. 41.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CAMT has been the subject of several recent research reports. Barclays reduced their price target on Camtek from $120.00 to $85.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Bank of America cut their price objective on Camtek from $105.00 to $80.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Jefferies Financial Group decreased their target price on shares of Camtek from $120.00 to $85.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Northland Securities set a $105.00 price target on shares of Camtek in a research report on Wednesday, May 14th. Finally, StockNews.com upgraded shares of Camtek from a "sell" rating to a "hold" rating in a research note on Wednesday. Two 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, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $90.78.

Camtek Stock Performance

CAMT stock traded down $1.29 during midday trading on Wednesday, reaching $64.49. 99,727 shares of the company were exchanged, compared to its average volume of 567,452. Camtek Ltd. has a one year low of $47.41 and a one year high of $140.50. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 26.82, a price-to-earnings-growth ratio of 1.89 and a beta of 1.36. The business has a 50-day moving average price of $63.11 and a two-hundred day moving average price of $75.18. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.00 and a quick ratio of 4.11.

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