Camtek Ltd. (NASDAQ:CAMT) Shares Purchased by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. boosted its position in Camtek Ltd. (NASDAQ:CAMT) by 27.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,448,441 shares of the semiconductor company’s stock after purchasing an additional 312,988 shares during the quarter. Camtek comprises approximately 1.2% of Migdal Insurance & Financial Holdings Ltd.’s investment portfolio, making the stock its 25th largest position. Migdal Insurance & Financial Holdings Ltd. owned about 3.18% of Camtek worth $84,922,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CAMT. Wasatch Advisors LP raised its stake in Camtek by 311.8% in the 4th quarter. Wasatch Advisors LP now owns 1,192,784 shares of the semiconductor company’s stock valued at $96,341,000 after purchasing an additional 903,126 shares during the last quarter. Menora Mivtachim Holdings LTD. raised its stake in Camtek by 81.8% in the 4th quarter. Menora Mivtachim Holdings LTD. now owns 1,566,433 shares of the semiconductor company’s stock valued at $126,521,000 after purchasing an additional 705,000 shares during the last quarter. Driehaus Capital Management LLC acquired a new position in Camtek in the 4th quarter valued at $30,956,000. Noked Israel Ltd raised its stake in Camtek by 132.8% in the 4th quarter. Noked Israel Ltd now owns 348,054 shares of the semiconductor company’s stock valued at $28,112,000 after purchasing an additional 198,554 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Camtek by 46.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 483,245 shares of the semiconductor company’s stock worth $39,032,000 after acquiring an additional 152,529 shares during the last quarter. 41.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on CAMT. Barclays cut their target price on Camtek from $120.00 to $85.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Needham & Company LLC cut their target price on Camtek from $110.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, May 14th. Oppenheimer began coverage on Camtek in a research note on Wednesday, July 2nd. They issued an “outperform” rating and a $100.00 target price for the company. Evercore ISI cut their target price on Camtek from $100.00 to $82.00 and set an “outperform” rating for the company in a research note on Wednesday, May 14th. Finally, Stifel Nicolaus raised their target price on Camtek from $84.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, July 7th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Camtek presently has an average rating of “Moderate Buy” and a consensus target price of $89.00.

Camtek Stock Performance

NASDAQ CAMT opened at $92.40 on Friday. The stock has a market cap of $4.21 billion, a PE ratio of 35.43, a P/E/G ratio of 2.48 and a beta of 1.34. The company has a current ratio of 5.28, a quick ratio of 4.27 and a debt-to-equity ratio of 0.34. Camtek Ltd. has a twelve month low of $47.41 and a twelve month high of $117.26. The stock has a fifty day simple moving average of $76.29 and a 200-day simple moving average of $75.39.

Camtek (NASDAQ:CAMT) last announced its earnings results on Tuesday, May 13th. The semiconductor company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. Camtek had a return on equity of 24.57% and a net margin of 28.40%. The company had revenue of $118.64 million during the quarter, compared to analysts’ expectations of $119.00 million. During the same period last year, the business posted $0.63 EPS. Camtek’s revenue for the quarter was up 22.3% on a year-over-year basis. Equities analysts anticipate that Camtek Ltd. will post 2.93 earnings per share for the current year.

Camtek 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.