Migdal Insurance & Financial Holdings Ltd. Acquires 140,796 Shares of Camtek Ltd. $CAMT

Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Camtek Ltd. (NASDAQ:CAMT) by 12.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,318,396 shares of the semiconductor company’s stock after purchasing an additional 140,796 shares during the quarter. Camtek accounts for 1.2% of Migdal Insurance & Financial Holdings Ltd.’s portfolio, making the stock its 23rd biggest position. Migdal Insurance & Financial Holdings Ltd.’s holdings in Camtek were worth $140,205,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CAMT. Blue Trust Inc. grew its holdings in Camtek by 2.8% during the third quarter. Blue Trust Inc. now owns 5,877 shares of the semiconductor company’s stock valued at $617,000 after purchasing an additional 161 shares during the period. Cetera Investment Advisers grew its holdings in Camtek by 4.7% during the second quarter. Cetera Investment Advisers now owns 4,841 shares of the semiconductor company’s stock valued at $409,000 after purchasing an additional 217 shares during the period. Geode Capital Management LLC grew its holdings in Camtek by 0.7% during the second quarter. Geode Capital Management LLC now owns 39,420 shares of the semiconductor company’s stock valued at $3,333,000 after purchasing an additional 279 shares during the period. Palisades Investment Partners LLC grew its holdings in Camtek by 4.7% during the third quarter. Palisades Investment Partners LLC now owns 6,299 shares of the semiconductor company’s stock valued at $662,000 after purchasing an additional 284 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in Camtek by 61.6% during the first quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 293 shares during the period. 41.93% of the stock is owned by institutional investors.

Camtek Stock Up 1.7%

Camtek stock opened at $187.71 on Wednesday. The stock has a market capitalization of $8.60 billion, a PE ratio of 199.69, a price-to-earnings-growth ratio of 4.34 and a beta of 1.56. Camtek Ltd. has a twelve month low of $59.08 and a twelve month high of $193.30. The company has a quick ratio of 7.31, a current ratio of 8.35 and a debt-to-equity ratio of 0.84. The company has a 50 day moving average of $163.95 and a 200-day moving average of $135.99.

Camtek (NASDAQ:CAMT) last released its quarterly earnings results on Wednesday, February 18th. The semiconductor company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.02). The company had revenue of $128.12 million during the quarter, compared to analyst estimates of $127.10 million. Camtek had a net margin of 10.23% and a return on equity of 23.61%. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.77 EPS. On average, equities research analysts anticipate that Camtek Ltd. will post 3.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CAMT. Weiss Ratings restated a “hold (c+)” rating on shares of Camtek in a report on Monday, December 29th. The Goldman Sachs Group restated a “neutral” rating and set a $145.00 price objective on shares of Camtek in a report on Wednesday, February 18th. Zacks Research upgraded shares of Camtek from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Morgan Stanley boosted their price objective on shares of Camtek from $151.00 to $161.00 and gave the company an “equal weight” rating in a report on Tuesday, March 24th. Finally, Wall Street Zen upgraded shares of Camtek from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Camtek currently has an average rating of “Moderate Buy” and an average price target of $166.75.

About Camtek

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.