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

Raiffeisen Bank International AG bought a new position in shares of Camtek Ltd. (NASDAQ:CAMT) during the fourth quarter, HoldingsChannel reports. The fund bought 95,000 shares of the semiconductor company’s stock, valued at approximately $7,650,000.

A number of other hedge funds have also modified their holdings of the business. Point72 Asset Management L.P. grew its position in shares of Camtek by 86.6% during the fourth quarter. Point72 Asset Management L.P. now owns 110,479 shares of the semiconductor company’s stock worth $8,923,000 after acquiring an additional 51,279 shares during the last quarter. Man Group plc purchased a new position in shares of Camtek during the fourth quarter worth approximately $601,000. Nuveen Asset Management LLC grew its position in shares of Camtek by 2.9% during the fourth quarter. Nuveen Asset Management LLC now owns 152,485 shares of the semiconductor company’s stock worth $12,471,000 after acquiring an additional 4,362 shares during the last quarter. Noked Israel Ltd grew its position in shares of Camtek by 132.8% during the fourth quarter. Noked Israel Ltd now owns 348,054 shares of the semiconductor company’s stock worth $28,112,000 after acquiring an additional 198,554 shares during the last quarter. Finally, Focus Partners Wealth grew its position in shares of Camtek by 12.2% during the fourth quarter. Focus Partners Wealth now owns 11,237 shares of the semiconductor company’s stock worth $908,000 after acquiring an additional 1,218 shares during the last quarter. 41.93% of the stock is currently owned by hedge funds and other institutional investors.

Camtek Trading Down 4.8%

Shares of CAMT stock opened at $66.51 on Friday. The firm has a 50-day moving average price of $62.99 and a 200 day moving average price of $75.50. Camtek Ltd. has a twelve month low of $47.41 and a twelve month high of $140.50. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 27.48, a PEG ratio of 1.89 and a beta of 1.36. The company has a current ratio of 5.00, a quick ratio of 4.11 and a debt-to-equity ratio of 0.36.

Camtek (NASDAQ:CAMT) last announced its earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share 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%. Research analysts forecast that Camtek Ltd. will post 2.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CAMT shares. Jefferies Financial Group lowered their price objective on shares of Camtek from $120.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. Barclays lowered their price objective 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. Evercore ISI decreased their target price on shares of Camtek from $100.00 to $82.00 and set an “outperform” rating on the stock in a research report on Wednesday. StockNews.com lowered shares of Camtek from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Bank of America cut their price target on Camtek from $105.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Camtek presently has an average rating of “Moderate Buy” and a consensus price target of $92.44.

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.