Camtek Ltd. $CAMT Shares Purchased by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. boosted its stake in Camtek Ltd. (NASDAQ:CAMT) by 38.2% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,302,009 shares of the semiconductor company’s stock after buying an additional 636,773 shares during the quarter. Camtek makes up about 2.4% of Harel Insurance Investments & Financial Services Ltd.’s holdings, making the stock its 15th biggest position. Harel Insurance Investments & Financial Services Ltd. owned about 0.05% of Camtek worth $349,008,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Lifestyle Asset Management Inc. lifted its position in shares of Camtek by 2.5% in the fourth quarter. Lifestyle Asset Management Inc. now owns 4,764 shares of the semiconductor company’s stock valued at $507,000 after acquiring an additional 115 shares in the last quarter. Geode Capital Management LLC raised its stake in Camtek by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 39,576 shares of the semiconductor company’s stock valued at $4,209,000 after purchasing an additional 162 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in Camtek by 202.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 299 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 200 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Camtek by 4.7% during the 2nd quarter. Cetera Investment Advisers now owns 4,841 shares of the semiconductor company’s stock worth $409,000 after purchasing an additional 217 shares during the last quarter. Finally, Fifth Third Bancorp acquired a new stake in shares of Camtek during the 1st quarter worth about $42,000. Hedge funds and other institutional investors own 41.93% of the company’s stock.

Camtek Stock Up 9.6%

CAMT opened at $149.90 on Wednesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 8.35 and a quick ratio of 7.46. The stock has a market capitalization of $6.99 billion, a price-to-earnings ratio of 172.30, a price-to-earnings-growth ratio of 3.28 and a beta of 1.55. The business has a 50-day moving average of $169.16 and a two-hundred day moving average of $160.43. Camtek Ltd. has a 12 month low of $75.75 and a 12 month high of $215.99.

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

Analyst Ratings Changes

A number of brokerages have recently commented on CAMT. Evercore reiterated an “outperform” rating and set a $200.00 price target on shares of Camtek in a report on Wednesday, May 13th. Jefferies Financial Group raised their target price on shares of Camtek from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. B. Riley Financial reaffirmed a “buy” rating on shares of Camtek in a research note on Monday, April 20th. Needham & Company LLC boosted their price target on Camtek from $175.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Finally, Weiss Ratings raised Camtek from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 14th. Seven research 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 presently has an average rating of “Moderate Buy” and a consensus target price of $174.67.

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.