Camtek Ltd. $CAMT Shares Sold by Clal Insurance Enterprises Holdings Ltd

Clal Insurance Enterprises Holdings Ltd lowered its stake in Camtek Ltd. (NASDAQ:CAMT) by 2.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,900,493 shares of the semiconductor company’s stock after selling 54,720 shares during the quarter. Camtek accounts for about 1.3% of Clal Insurance Enterprises Holdings Ltd’s portfolio, making the stock its 15th biggest holding. Clal Insurance Enterprises Holdings Ltd owned 4.17% of Camtek worth $203,211,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Camtek by 56.9% in the 4th 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 purchasing an additional 604,097 shares in the last quarter. Wasatch Advisors LP lifted its holdings in Camtek by 18.6% in the 2nd quarter. Wasatch Advisors LP now owns 3,506,727 shares of the semiconductor company’s stock valued at $296,529,000 after purchasing an additional 550,072 shares in the last quarter. Menora Mivtachim Holdings LTD. lifted its holdings in Camtek by 31.1% in the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 2,099,351 shares of the semiconductor company’s stock valued at $220,537,000 after purchasing an additional 497,918 shares in the last quarter. Millennium Management LLC lifted its holdings in Camtek by 169.8% in the 3rd quarter. Millennium Management LLC now owns 479,053 shares of the semiconductor company’s stock valued at $50,325,000 after purchasing an additional 301,484 shares in the last quarter. Finally, Nuveen LLC lifted its holdings in Camtek by 723.2% in the 4th quarter. Nuveen LLC now owns 183,859 shares of the semiconductor company’s stock valued at $19,758,000 after purchasing an additional 161,524 shares in the last quarter. Institutional investors and hedge funds own 41.93% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. The Goldman Sachs Group restated a “neutral” rating and issued a $145.00 price objective on shares of Camtek in a report on Wednesday, February 18th. Jefferies Financial Group raised their price objective on Camtek from $185.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Wall Street Zen upgraded Camtek from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Evercore restated an “outperform” rating and issued a $200.00 price objective on shares of Camtek in a report on Wednesday, May 13th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $185.00 price target on shares of Camtek in a report on Friday, April 17th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $174.33.

Camtek Stock Up 5.0%

NASDAQ CAMT opened at $193.27 on Friday. Camtek Ltd. has a 52 week low of $70.07 and a 52 week high of $215.99. The company has a quick ratio of 7.46, a current ratio of 8.35 and a debt-to-equity ratio of 0.71. The business’s fifty day simple moving average is $177.22 and its 200-day simple moving average is $152.17. The firm has a market cap of $8.86 billion, a PE ratio of 222.15, a P/E/G ratio of 4.42 and a beta of 1.54.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings results on Tuesday, May 12th. The semiconductor company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.69 by $0.01. Camtek had a return on equity of 22.26% and a net margin of 9.63%.The business had revenue of $121.66 million for the quarter, compared to analyst estimates of $120.15 million. During the same quarter in the previous year, the firm earned $0.79 EPS. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. As a group, equities analysts anticipate that Camtek Ltd. will post 3.14 earnings per share for the current year.

Camtek Company 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.