Clal Insurance Enterprises Holdings Ltd Buys 154,548 Shares of Camtek Ltd. (NASDAQ:CAMT)

Clal Insurance Enterprises Holdings Ltd raised its holdings in Camtek Ltd. (NASDAQ:CAMT) by 10.2% in the fourth quarter, Holdings Channel reports. The fund owned 1,670,000 shares of the semiconductor company’s stock after acquiring an additional 154,548 shares during the period. Camtek accounts for about 1.2% of Clal Insurance Enterprises Holdings Ltd’s portfolio, making the stock its 23rd biggest position. Clal Insurance Enterprises Holdings Ltd’s holdings in Camtek were worth $135,743,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CAMT. Jones Financial Companies Lllp increased its stake in shares of Camtek by 364.0% during the fourth quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 324 shares during the period. Taylor Frigon Capital Management LLC acquired a new stake in shares of Camtek in the 4th quarter valued at $2,290,000. ARK Investment Management LLC boosted its holdings in shares of Camtek by 20.3% during the 4th quarter. ARK Investment Management LLC now owns 21,855 shares of the semiconductor company’s stock valued at $1,765,000 after acquiring an additional 3,685 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Camtek by 44.0% during the 4th quarter. Bank of New York Mellon Corp now owns 57,752 shares of the semiconductor company’s stock valued at $4,665,000 after acquiring an additional 17,637 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd raised its position in Camtek by 4.0% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 9,600 shares of the semiconductor company’s stock worth $775,000 after purchasing an additional 366 shares during the last quarter. 41.93% of the stock is owned by institutional investors and hedge funds.

Camtek Stock Down 0.4 %

NASDAQ CAMT opened at $74.52 on Friday. The business’s 50-day moving average is $87.91 and its 200 day moving average is $83.35. 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 $3.38 billion, a PE ratio of 30.79, a PEG ratio of 1.89 and a beta of 1.34. Camtek Ltd. has a 1 year low of $69.83 and a 1 year high of $140.50.

Camtek (NASDAQ:CAMT) last released its earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.06). Camtek had a net margin of 27.61% and a return on equity of 24.99%. Sell-side analysts forecast that Camtek Ltd. will post 2.93 earnings per share for the current year.

Analyst Ratings Changes

CAMT has been the subject of several research analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $110.00 price objective on shares of Camtek in a research report on Thursday, February 13th. Barclays cut their target price on Camtek from $140.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Northland Securities upped their target price on Camtek from $102.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. StockNews.com raised Camtek from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Cantor Fitzgerald began coverage on Camtek in a report on Monday, January 13th. They set a “neutral” rating and a $100.00 price objective for the company. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $114.11.

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.