Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD Purchases New Shares in Camtek Ltd. (NASDAQ:CAMT)

Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD purchased a new stake in Camtek Ltd. (NASDAQ:CAMT) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 29,997 shares of the semiconductor company’s stock, valued at approximately $2,421,000.

A number of other institutional investors have also made changes to their positions in the business. Clal Insurance Enterprises Holdings Ltd raised its holdings 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 valued at $135,743,000 after buying an additional 154,548 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Camtek by 32.6% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,135,453 shares of the semiconductor company’s stock worth $91,711,000 after purchasing an additional 279,000 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its holdings in Camtek by 9.3% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 963,874 shares of the semiconductor company’s stock worth $77,852,000 after purchasing an additional 81,709 shares during the last quarter. Meitav Investment House Ltd. raised its holdings in Camtek by 119.3% during the 4th quarter. Meitav Investment House Ltd. now owns 818,123 shares of the semiconductor company’s stock worth $66,159,000 after purchasing an additional 445,079 shares during the last quarter. Finally, Two Sigma Advisers LP raised its holdings in Camtek by 107.5% during the 3rd quarter. Two Sigma Advisers LP now owns 720,700 shares of the semiconductor company’s stock worth $57,548,000 after purchasing an additional 373,400 shares during the last quarter. 41.93% of the stock is owned by institutional investors.

Camtek Price Performance

Shares of CAMT opened at $63.39 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.11 and a current ratio of 5.00. The stock has a 50 day simple moving average of $85.80 and a 200 day simple moving average of $81.69. Camtek Ltd. has a 52-week low of $62.44 and a 52-week high of $140.50. The firm has a market capitalization of $2.88 billion, a PE ratio of 26.19, a P/E/G ratio of 1.89 and a beta of 1.38.

Camtek (NASDAQ:CAMT) last released its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). Camtek had a return on equity of 24.99% and a net margin of 27.61%. Sell-side analysts predict that Camtek Ltd. will post 2.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. StockNews.com raised Camtek from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Stifel Nicolaus restated a “buy” rating and set a $105.00 target price on shares of Camtek in a research report on Thursday, December 12th. Barclays decreased their target price on Camtek from $140.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Northland Securities boosted their target price on Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Finally, Cantor Fitzgerald initiated coverage on Camtek in a research report on Monday, January 13th. They set a “neutral” rating and a $100.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $114.11.

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.