Harel Insurance Investments & Financial Services Ltd. Purchases 81,709 Shares of Camtek Ltd. (NASDAQ:CAMT)

Harel Insurance Investments & Financial Services Ltd. grew its position in Camtek Ltd. (NASDAQ:CAMT) by 9.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 963,874 shares of the semiconductor company’s stock after acquiring an additional 81,709 shares during the quarter. Camtek accounts for about 1.3% of Harel Insurance Investments & Financial Services Ltd.’s holdings, making the stock its 20th largest position. Harel Insurance Investments & Financial Services Ltd.’s holdings in Camtek were worth $77,852,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CAMT. Advisors Asset Management Inc. raised its position in Camtek by 78.8% in the third quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 145 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Camtek in the 3rd quarter valued at approximately $53,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Camtek by 23,300.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company’s stock worth $59,000 after buying an additional 466 shares in the last quarter. Gateway Wealth Partners LLC bought a new position in shares of Camtek during the 2nd quarter worth approximately $220,000. Finally, Susquehanna International Group Ltd. acquired a new stake in Camtek in the 2nd quarter valued at $237,000. Institutional investors and hedge funds own 41.93% of the company’s stock.

Camtek Stock Down 3.7 %

Shares of CAMT opened at $100.75 on Friday. The business’s fifty day moving average price is $83.10 and its two-hundred day moving average price is $87.16. The firm has a market capitalization of $4.57 billion, a price-to-earnings ratio of 46.43, a PEG ratio of 1.66 and a beta of 1.33. Camtek Ltd. has a 52 week low of $69.83 and a 52 week high of $140.50. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.36 and a current ratio of 5.28.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.06. The business had revenue of $112.30 million for the quarter, compared to analysts’ expectations of $108.51 million. Camtek had a return on equity of 24.21% and a net margin of 26.53%. The firm’s quarterly revenue was up 39.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.46 earnings per share. On average, analysts predict that Camtek Ltd. will post 2.53 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CAMT shares. Needham & Company LLC reissued a “buy” rating and set a $95.00 price objective on shares of Camtek in a report on Wednesday, November 13th. Northland Securities lifted their price target on shares of Camtek from $102.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. StockNews.com raised shares of Camtek from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Stifel Nicolaus reiterated a “buy” rating and issued a $105.00 target price on shares of Camtek in a research note on Thursday, December 12th. Finally, Cantor Fitzgerald initiated coverage on Camtek in a research report on Monday, January 13th. They set a “neutral” rating and a $100.00 price target on the stock. Two equities research 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’s stock. According to MarketBeat, Camtek currently has a consensus rating of “Moderate Buy” and an average target price of $112.44.

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.