Migdal Insurance & Financial Holdings Ltd. Buys 279,000 Shares of Camtek Ltd. (NASDAQ:CAMT)

Migdal Insurance & Financial Holdings Ltd. increased its stake in Camtek Ltd. (NASDAQ:CAMT) by 32.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,135,453 shares of the semiconductor company’s stock after purchasing an additional 279,000 shares during the quarter. Camtek makes up approximately 1.3% of Migdal Insurance & Financial Holdings Ltd.’s investment portfolio, making the stock its 22nd biggest position. Migdal Insurance & Financial Holdings Ltd. owned approximately 2.50% of Camtek worth $91,711,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Meitav Investment House Ltd. raised its holdings in Camtek by 14.1% in the 3rd quarter. Meitav Investment House Ltd. now owns 373,044 shares of the semiconductor company’s stock worth $29,887,000 after purchasing an additional 46,016 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its holdings in Camtek by 21.5% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,515,452 shares of the semiconductor company’s stock worth $121,734,000 after purchasing an additional 268,258 shares during the period. Blueshift Asset Management LLC bought a new position in Camtek in the 3rd quarter worth $624,000. Point72 Hong Kong Ltd raised its holdings in Camtek by 193,738.7% in the 3rd quarter. Point72 Hong Kong Ltd now owns 60,090 shares of the semiconductor company’s stock worth $4,798,000 after purchasing an additional 60,059 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Camtek by 16.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 486,606 shares of the semiconductor company’s stock worth $38,855,000 after purchasing an additional 67,250 shares during the period. 41.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. StockNews.com raised Camtek from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Northland Securities raised their price target on Camtek from $102.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Cantor Fitzgerald assumed coverage on Camtek in a report on Monday, January 13th. They set a “neutral” rating and a $100.00 price target on the stock. Barclays decreased their price target on Camtek from $140.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $95.00 target price on shares of Camtek in a report on Wednesday, November 13th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $112.44.

Camtek Trading Down 2.4 %

CAMT opened at $91.31 on Friday. The firm has a market cap of $4.14 billion, a P/E ratio of 42.08, a P/E/G ratio of 1.48 and a beta of 1.34. Camtek Ltd. has a 12 month low of $69.83 and a 12 month high of $140.50. The company has a current ratio of 5.28, a quick ratio of 4.36 and a debt-to-equity ratio of 0.38. The stock has a 50-day moving average of $85.62 and a 200 day moving average of $84.91.

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

Camtek 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.