Phoenix Financial Ltd. lowered its stake in Camtek Ltd. (NASDAQ:CAMT – Free Report) by 68.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 58,594 shares of the semiconductor company’s stock after selling 125,000 shares during the quarter. Phoenix Financial Ltd. owned about 0.13% of Camtek worth $6,231,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of CAMT. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Camtek by 56.9% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,665,236 shares of the semiconductor company’s stock valued at $177,090,000 after buying an additional 604,097 shares in the last quarter. Wasatch Advisors LP lifted its stake in Camtek by 18.6% in the second quarter. Wasatch Advisors LP now owns 3,506,727 shares of the semiconductor company’s stock valued at $296,529,000 after buying an additional 550,072 shares in the last quarter. Menora Mivtachim Holdings LTD. lifted its stake in Camtek by 31.1% in the third quarter. Menora Mivtachim Holdings LTD. now owns 2,099,351 shares of the semiconductor company’s stock valued at $220,537,000 after buying an additional 497,918 shares in the last quarter. Millennium Management LLC lifted its stake in Camtek by 169.8% in the third quarter. Millennium Management LLC now owns 479,053 shares of the semiconductor company’s stock valued at $50,325,000 after buying an additional 301,484 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Camtek by 12.0% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,318,396 shares of the semiconductor company’s stock valued at $140,205,000 after purchasing an additional 140,796 shares during the last quarter. Institutional investors own 41.93% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. Northland Securities set a $174.00 price objective on shares of Camtek in a report on Wednesday. B. Riley Financial reiterated a “buy” rating on shares of Camtek in a report on Monday, April 20th. Zacks Research upgraded shares of Camtek from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Morgan Stanley lifted their price objective on shares of Camtek from $161.00 to $163.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, Evercore reiterated an “outperform” rating and issued a $200.00 price objective on shares of Camtek in a report on Wednesday. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $174.33.
Camtek Price Performance
NASDAQ:CAMT opened at $171.36 on Friday. Camtek Ltd. has a one year low of $62.88 and a one year high of $215.99. The company has a market cap of $7.85 billion, a P/E ratio of 196.97, a P/E/G ratio of 3.96 and a beta of 1.61. The firm’s fifty day moving average price is $172.89 and its two-hundred day moving average price is $143.61. The company has a debt-to-equity ratio of 0.71, a current ratio of 8.35 and a quick ratio of 7.31.
Camtek (NASDAQ:CAMT – Get Free Report) last released its quarterly earnings data on Tuesday, May 12th. The semiconductor company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.69 by $0.01. Camtek had a net margin of 9.63% and a return on equity of 22.26%. The firm had revenue of $121.66 million for the quarter, compared to the consensus estimate of $120.15 million. During the same period in the previous year, the company earned $0.79 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. Equities analysts expect that Camtek Ltd. will post 3.13 earnings per share for the current year.
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.
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