Camtek Ltd. (NASDAQ:CAMT) Shares Bought by Y.D. More Investments Ltd

Y.D. More Investments Ltd lifted its position in shares of Camtek Ltd. (NASDAQ:CAMT) by 6.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 525,413 shares of the semiconductor company’s stock after purchasing an additional 29,580 shares during the quarter. Camtek comprises approximately 3.8% of Y.D. More Investments Ltd’s holdings, making the stock its 6th largest holding. Y.D. More Investments Ltd owned approximately 1.16% of Camtek worth $42,905,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CAMT. Two Sigma Advisers LP raised its holdings in shares of Camtek by 107.5% during the 3rd quarter. Two Sigma Advisers LP now owns 720,700 shares of the semiconductor company’s stock valued at $57,548,000 after buying an additional 373,400 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Camtek by 3,005.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 330,716 shares of the semiconductor company’s stock valued at $26,408,000 after purchasing an additional 320,066 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd increased its stake in Camtek by 21.5% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,515,452 shares of the semiconductor company’s stock worth $121,734,000 after buying an additional 268,258 shares during the period. Fred Alger Management LLC lifted its holdings in Camtek by 224.8% in the 3rd quarter. Fred Alger Management LLC now owns 217,474 shares of the semiconductor company’s stock worth $17,365,000 after buying an additional 150,513 shares in the last quarter. Finally, abrdn plc purchased a new position in Camtek in the 3rd quarter valued at about $11,387,000. Hedge funds and other institutional investors own 41.93% of the company’s stock.

Camtek Trading Down 1.2 %

Shares of NASDAQ CAMT opened at $88.20 on Wednesday. Camtek Ltd. has a 12-month low of $69.83 and a 12-month high of $140.50. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 40.65, a price-to-earnings-growth ratio of 1.48 and a beta of 1.34. The company has a current ratio of 5.28, a quick ratio of 4.36 and a debt-to-equity ratio of 0.38. The stock’s 50 day simple moving average is $85.18 and its 200 day simple moving average is $84.85.

Camtek (NASDAQ:CAMT) last announced 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 company had revenue of $112.30 million during the quarter, compared to the consensus estimate of $108.51 million. Camtek had a net margin of 26.53% and a return on equity of 24.21%. The company’s revenue for the quarter was up 39.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 earnings per share. Equities research analysts expect that Camtek Ltd. will post 2.53 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the company. Needham & Company LLC reiterated a “buy” rating and issued a $95.00 price target on shares of Camtek in a research note on Wednesday, November 13th. Northland Securities increased their target price on Camtek from $102.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Barclays dropped their price target on shares of Camtek from $140.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Cantor Fitzgerald initiated coverage on shares of Camtek in a research note on Monday, January 13th. They set a “neutral” rating and a $100.00 price objective on the stock. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $105.00 target price on shares of Camtek in a research report on Thursday, December 12th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.44.

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.