Clal Insurance Enterprises Holdings Ltd Purchases 154,548 Shares of Camtek Ltd. (NASDAQ:CAMT)

Clal Insurance Enterprises Holdings Ltd lifted its stake in Camtek Ltd. (NASDAQ:CAMT) by 10.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,670,000 shares of the semiconductor company’s stock after purchasing an additional 154,548 shares during the quarter. Camtek comprises about 1.2% of Clal Insurance Enterprises Holdings Ltd’s portfolio, making the stock its 23rd largest holding. Clal Insurance Enterprises Holdings Ltd owned about 3.68% of Camtek worth $135,743,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of CAMT. Meitav Investment House Ltd. raised its position in Camtek by 119.3% during the 4th quarter. Meitav Investment House Ltd. now owns 818,123 shares of the semiconductor company’s stock worth $66,159,000 after buying an additional 445,079 shares during the last quarter. Two Sigma Advisers LP grew its stake in Camtek by 107.5% in the 3rd quarter. Two Sigma Advisers LP now owns 720,700 shares of the semiconductor company’s stock valued at $57,548,000 after acquiring an additional 373,400 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Camtek by 3,005.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 330,716 shares of the semiconductor company’s stock worth $26,408,000 after purchasing an additional 320,066 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Camtek by 32.6% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,135,453 shares of the semiconductor company’s stock worth $91,711,000 after purchasing an additional 279,000 shares during the last quarter. Finally, Fred Alger Management LLC boosted its stake in Camtek by 224.8% during the 3rd quarter. Fred Alger Management LLC now owns 217,474 shares of the semiconductor company’s stock worth $17,365,000 after purchasing an additional 150,513 shares during the last quarter. 41.93% of the stock is owned by hedge funds and other institutional investors.

Camtek Stock Down 0.4 %

Shares of Camtek stock opened at $74.52 on Friday. The stock has a 50-day moving average price of $87.91 and a 200 day moving average price of $83.35. The company has a market cap of $3.38 billion, a P/E ratio of 30.79, a P/E/G ratio of 1.89 and a beta of 1.34. The company has a current ratio of 5.00, a quick ratio of 4.11 and a debt-to-equity ratio of 0.36. Camtek Ltd. has a 1 year low of $69.83 and a 1 year high of $140.50.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings data on Wednesday, February 12th. The semiconductor company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). Camtek had a net margin of 27.61% and a return on equity of 24.99%. As a group, analysts expect that Camtek Ltd. will post 2.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CAMT has been the topic of several recent research reports. Northland Securities boosted their price target on shares of Camtek from $102.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Needham & Company LLC reissued a “buy” rating and set a $110.00 price objective on shares of Camtek in a research report on Thursday, February 13th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $105.00 price target on shares of Camtek in a report on Thursday, December 12th. StockNews.com raised Camtek from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Barclays decreased their price objective on Camtek from $140.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Camtek has a consensus rating of “Moderate Buy” and an average target price of $114.11.

Camtek Company 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.