Sphera Funds Management LTD. Has $2.90 Million Stock Position in Camtek Ltd. (NASDAQ:CAMT)

Sphera Funds Management LTD. lifted its stake in Camtek Ltd. (NASDAQ:CAMT) by 1,770.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 36,287 shares of the semiconductor company’s stock after buying an additional 34,347 shares during the quarter. Sphera Funds Management LTD.’s holdings in Camtek were worth $2,898,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CAMT. Y.D. More Investments Ltd boosted its stake in Camtek by 723.7% in the 2nd quarter. Y.D. More Investments Ltd now owns 626,973 shares of the semiconductor company’s stock valued at $78,709,000 after buying an additional 550,854 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Camtek by 3,005.3% in 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 buying an additional 320,066 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its stake in Camtek by 21.5% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,515,452 shares of the semiconductor company’s stock valued at $121,734,000 after buying an additional 268,258 shares in the last quarter. Fred Alger Management LLC boosted its stake in Camtek by 224.8% in the 3rd quarter. Fred Alger Management LLC now owns 217,474 shares of the semiconductor company’s stock valued at $17,365,000 after buying an additional 150,513 shares in the last quarter. Finally, abrdn plc acquired a new stake in Camtek in the 3rd quarter valued at $11,387,000. Institutional investors and hedge funds own 41.93% of the company’s stock.

Camtek Stock Down 0.4 %

NASDAQ:CAMT opened at $75.67 on Thursday. Camtek Ltd. has a 1 year low of $60.60 and a 1 year high of $140.50. 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 has a market cap of $3.43 billion, a price-to-earnings ratio of 34.87, a PEG ratio of 1.38 and a beta of 1.34. The stock has a 50-day moving average price of $78.67 and a two-hundred day moving average price of $94.20.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings data on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.06. The company had revenue of $112.30 million during the quarter, compared to analysts’ expectations of $108.51 million. Camtek had a return on equity of 24.21% and a net margin of 26.53%. Camtek’s revenue for the quarter was up 39.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 earnings per share. As a group, equities analysts expect that Camtek Ltd. will post 2.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Northland Securities boosted their price target on Camtek from $99.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. StockNews.com upgraded Camtek from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $95.00 price objective on shares of Camtek in a research report on Wednesday, November 13th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $110.57.

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.