Clal Insurance Enterprises Holdings Ltd Raises Stake in Camtek Ltd. (NASDAQ:CAMT)

Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Camtek Ltd. (NASDAQ:CAMT) by 21.5% during the third quarter, HoldingsChannel reports. The firm owned 1,515,452 shares of the semiconductor company’s stock after buying an additional 268,258 shares during the period. Camtek accounts for 1.1% of Clal Insurance Enterprises Holdings Ltd’s portfolio, making the stock its 26th largest position. Clal Insurance Enterprises Holdings Ltd’s holdings in Camtek were worth $121,734,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CAMT. Advisors Asset Management Inc. increased its stake in Camtek by 78.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock worth $26,000 after buying an additional 145 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Camtek by 23,300.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company’s stock worth $59,000 after acquiring an additional 466 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Camtek by 524.6% in the first quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock worth $123,000 after acquiring an additional 1,238 shares in the last quarter. Gateway Wealth Partners LLC acquired a new stake in Camtek during the 2nd quarter valued at approximately $220,000. Finally, Susquehanna International Group Ltd. purchased a new stake in Camtek during the 2nd quarter worth approximately $237,000. Institutional investors and hedge funds own 41.93% of the company’s stock.

Camtek Stock Performance

CAMT opened at $74.94 on Friday. Camtek Ltd. has a twelve month low of $59.33 and a twelve month high of $140.50. The stock has a market cap of $3.40 billion, a PE ratio of 34.91, a price-to-earnings-growth ratio of 1.36 and a beta of 1.38. The business’s 50 day moving average is $79.05 and its 200-day moving average is $95.31. The company has a current ratio of 5.28, a quick ratio of 4.36 and a debt-to-equity ratio of 0.38.

Camtek (NASDAQ:CAMT) last released its earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. The business had revenue of $112.30 million for the quarter, compared to the consensus estimate of $108.51 million. Camtek had a net margin of 26.53% and a return on equity of 24.21%. The business’s revenue for the quarter was up 39.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 EPS. On average, analysts predict that Camtek Ltd. will post 2.52 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on CAMT shares. Northland Securities upped their price target on shares of Camtek from $99.00 to $102.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Northland Capmk raised shares of Camtek from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. Needham & Company LLC reissued a “buy” rating and issued a $95.00 price objective on shares of Camtek in a report on Wednesday, November 13th. StockNews.com raised Camtek from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, B. Riley decreased their price objective on shares of Camtek from $150.00 to $140.00 and set a “buy” rating for the company in a report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Camtek has a consensus rating of “Buy” and an average target price of $110.57.

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.