Camtek Ltd. (NASDAQ:CAMT) Position Increased by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Camtek Ltd. (NASDAQ:CAMT) by 9.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 963,874 shares of the semiconductor company’s stock after acquiring an additional 81,709 shares during the quarter. Camtek accounts for about 1.3% of Harel Insurance Investments & Financial Services Ltd.’s holdings, making the stock its 20th largest position. Harel Insurance Investments & Financial Services Ltd. owned approximately 2.12% of Camtek worth $77,852,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CAMT. Vanguard Personalized Indexing Management LLC grew its stake in Camtek by 14.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,851 shares of the semiconductor company’s stock valued at $605,000 after acquiring an additional 613 shares in the last quarter. Hsbc Holdings PLC increased its stake in Camtek by 30.1% in the 2nd quarter. Hsbc Holdings PLC now owns 5,050 shares of the semiconductor company’s stock valued at $635,000 after buying an additional 1,169 shares during the period. Sei Investments Co. lifted its position in Camtek by 16.6% in the 2nd quarter. Sei Investments Co. now owns 110,156 shares of the semiconductor company’s stock worth $13,796,000 after buying an additional 15,683 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Camtek by 11.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 16,905 shares of the semiconductor company’s stock valued at $2,117,000 after buying an additional 1,797 shares during the period. Finally, Marshall Wace LLP grew its holdings in shares of Camtek by 70.4% during the 2nd quarter. Marshall Wace LLP now owns 38,907 shares of the semiconductor company’s stock valued at $4,873,000 after acquiring an additional 16,078 shares in the last quarter. Hedge funds and other institutional investors own 41.93% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on CAMT. Cantor Fitzgerald assumed coverage on Camtek in a research report on Monday, January 13th. They set a “neutral” rating and a $100.00 price objective for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $95.00 price objective on shares of Camtek in a research report on Wednesday, November 13th. Northland Securities boosted their target price on shares of Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Barclays cut their price target on shares of Camtek from $140.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $105.00 price objective on shares of Camtek in a report on Thursday, December 12th. Two 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $112.44.

Camtek Trading Down 3.7 %

Shares of NASDAQ:CAMT opened at $100.75 on Friday. Camtek Ltd. has a 52-week low of $69.83 and a 52-week high of $140.50. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.36 and a current ratio of 5.28. The company has a market cap of $4.57 billion, a P/E ratio of 46.43, a P/E/G ratio of 1.66 and a beta of 1.33. The stock’s 50-day moving average is $83.10 and its 200-day moving average is $87.16.

Camtek (NASDAQ:CAMT) last released its earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. Camtek had a return on equity of 24.21% and a net margin of 26.53%. The firm had revenue of $112.30 million for the quarter, compared to analyst estimates of $108.51 million. During the same quarter last year, the firm posted $0.46 EPS. The company’s revenue was up 39.5% on a year-over-year basis. Equities research analysts predict that Camtek Ltd. will post 2.53 earnings per share for the current year.

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.