Migdal Insurance & Financial Holdings Ltd. Has $123.71 Million Stock Holdings in Camtek Ltd. $CAMT

Migdal Insurance & Financial Holdings Ltd. lessened its position in shares of Camtek Ltd. (NASDAQ:CAMT) by 9.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,177,600 shares of the semiconductor company’s stock after selling 119,000 shares during the period. Camtek makes up approximately 1.3% of Migdal Insurance & Financial Holdings Ltd.’s investment portfolio, making the stock its 24th largest position. Migdal Insurance & Financial Holdings Ltd.’s holdings in Camtek were worth $123,707,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. ARK Investment Management LLC boosted its position in shares of Camtek by 38.2% during the 2nd quarter. ARK Investment Management LLC now owns 27,386 shares of the semiconductor company’s stock valued at $2,316,000 after acquiring an additional 7,566 shares during the last quarter. Jefferies Financial Group Inc. purchased a new stake in Camtek during the second quarter valued at about $338,000. Legal & General Group Plc grew its position in Camtek by 18.9% during the 2nd quarter. Legal & General Group Plc now owns 117,163 shares of the semiconductor company’s stock worth $10,103,000 after acquiring an additional 18,584 shares during the last quarter. Taylor Frigon Capital Management LLC raised its holdings in Camtek by 18.2% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 32,518 shares of the semiconductor company’s stock valued at $2,750,000 after buying an additional 5,005 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Camtek during the third quarter worth about $1,503,000. 41.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group reissued a “neutral” rating and issued a $141.00 price target on shares of Camtek in a research note on Friday, January 9th. Weiss Ratings restated a “hold (c+)” rating on shares of Camtek in a research note on Monday, December 29th. Evercore ISI upped their price target on Camtek from $100.00 to $130.00 and gave the company an “outperform” rating in a report on Tuesday, November 11th. Jefferies Financial Group lifted their target price on shares of Camtek from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Finally, Zacks Research cut shares of Camtek from a “hold” rating to a “strong sell” rating in a research note on Friday, January 2nd. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.67.

Camtek Stock Down 1.0%

NASDAQ CAMT opened at $144.54 on Wednesday. The firm has a market capitalization of $6.59 billion, a price-to-earnings ratio of 160.60, a PEG ratio of 3.14 and a beta of 1.55. Camtek Ltd. has a 52 week low of $47.41 and a 52 week high of $150.99. The company has a fifty day moving average of $114.36 and a two-hundred day moving average of $104.42. The company has a quick ratio of 6.52, a current ratio of 7.58 and a debt-to-equity ratio of 0.90.

Camtek Profile

Camtek Ltd. (NASDAQ: CAMT) is a provider of automated inspection and metrology solutions for the semiconductor and printed circuit board (PCB) industries. The company develops, manufactures and markets a suite of inline and stand-alone systems that perform high‐resolution 2D and 3D measurements, defect review and process control. Its products are used by integrated device manufacturers, foundries, OSAT (outsourced semiconductor assembly and test) providers, and PCB fabricators to optimize yield, improve product quality and reduce production costs.

Camtek’s core offerings include wafer inspection systems that detect and classify defects on patterned wafers, patterned wafer metrology tools for overlay and critical dimension measurements, and advanced packaging inspection platforms for 3D ICs and fan-out wafer-level packaging.