88,039 Shares in Camtek Ltd. (NASDAQ:CAMT) Purchased by Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD

Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD purchased a new position in Camtek Ltd. (NASDAQ:CAMT) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 88,039 shares of the semiconductor company’s stock, valued at approximately $7,105,000.

Several other institutional investors have also modified their holdings of the business. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Camtek by 10.2% in 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 acquiring an additional 154,548 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Camtek by 32.6% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,135,453 shares of the semiconductor company’s stock worth $91,711,000 after acquiring an additional 279,000 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Camtek by 9.3% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 963,874 shares of the semiconductor company’s stock worth $77,852,000 after acquiring an additional 81,709 shares in the last quarter. Meitav Investment House Ltd. lifted its stake in shares of Camtek by 119.3% in the fourth quarter. Meitav Investment House Ltd. now owns 818,123 shares of the semiconductor company’s stock worth $66,159,000 after acquiring an additional 445,079 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its stake in shares of Camtek by 107.5% in the third quarter. Two Sigma Advisers LP now owns 720,700 shares of the semiconductor company’s stock worth $57,548,000 after acquiring an additional 373,400 shares in the last quarter. Institutional investors and hedge funds own 41.93% of the company’s stock.

Camtek Price Performance

Shares of NASDAQ:CAMT opened at $63.39 on Wednesday. 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 Ltd. has a 1 year low of $62.44 and a 1 year high of $140.50. The business has a fifty day simple moving average of $85.80 and a 200 day simple moving average of $81.69. The firm has a market cap of $2.88 billion, a price-to-earnings ratio of 26.19, a P/E/G ratio of 1.89 and a beta of 1.38.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings data 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 return on equity of 24.99% and a net margin of 27.61%. As a group, sell-side analysts predict that Camtek Ltd. will post 2.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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 report on Thursday, February 13th. Stifel Nicolaus reaffirmed a “buy” rating and set a $105.00 target price on shares of Camtek in a report on Thursday, December 12th. Cantor Fitzgerald initiated coverage on Camtek in a research report on Monday, January 13th. They issued a “neutral” rating and a $100.00 target price on the stock. Barclays decreased their price target on Camtek from $140.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, Northland Securities raised their price objective on Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.