Altshuler Shaham Ltd Acquires 44,148 Shares of Camtek Ltd. (NASDAQ:CAMT)

Altshuler Shaham Ltd boosted its stake in Camtek Ltd. (NASDAQ:CAMT) by 397.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 55,251 shares of the semiconductor company’s stock after buying an additional 44,148 shares during the period. Camtek makes up 0.2% of Altshuler Shaham Ltd’s portfolio, making the stock its 13th largest holding. Altshuler Shaham Ltd owned 0.12% of Camtek worth $3,837,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CAMT. Optimum Investment Advisors grew its stake in Camtek by 15.0% in the fourth quarter. Optimum Investment Advisors now owns 1,725 shares of the semiconductor company’s stock valued at $120,000 after acquiring an additional 225 shares during the period. BluePath Capital Management LLC purchased a new position in shares of Camtek in the 3rd quarter worth approximately $31,000. Van ECK Associates Corp grew its holdings in shares of Camtek by 6.8% in the third quarter. Van ECK Associates Corp now owns 8,381 shares of the semiconductor company’s stock valued at $522,000 after acquiring an additional 533 shares in the last quarter. Legato Capital Management LLC increased its holdings in Camtek by 8.6% during the fourth quarter. Legato Capital Management LLC now owns 8,510 shares of the semiconductor company’s stock worth $590,000 after buying an additional 675 shares during the last quarter. Finally, Truvestments Capital LLC raised its position in Camtek by 9.2% in the third quarter. Truvestments Capital LLC now owns 9,013 shares of the semiconductor company’s stock worth $561,000 after acquiring an additional 761 shares during the period. 41.93% of the stock is currently owned by institutional investors and hedge funds.

Camtek Trading Up 8.6 %

Shares of CAMT stock traded up $7.25 on Thursday, hitting $91.62. 1,270,245 shares of the company’s stock traded hands, compared to its average volume of 424,077. The company has a debt-to-equity ratio of 0.41, a quick ratio of 4.77 and a current ratio of 5.66. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 56.56, a P/E/G ratio of 2.86 and a beta of 1.39. The company’s fifty day simple moving average is $80.69 and its 200 day simple moving average is $72.96. Camtek Ltd. has a one year low of $25.70 and a one year high of $95.13.

Camtek (NASDAQ:CAMT) last released its quarterly earnings data on Tuesday, February 20th. The semiconductor company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.53 by $0.04. The firm had revenue of $88.70 million for the quarter, compared to the consensus estimate of $88.02 million. Camtek had a return on equity of 18.92% and a net margin of 24.93%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 earnings per share. Equities analysts forecast that Camtek Ltd. will post 2.12 EPS for the current year.

Camtek Dividend Announcement

The firm also recently declared a Variable dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, April 4th were paid a $1.33 dividend. The ex-dividend date was Wednesday, April 3rd. Camtek’s payout ratio is 82.10%.

Analyst Ratings Changes

CAMT has been the topic of a number of recent research reports. Barclays upped their price target on Camtek from $82.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. Evercore ISI began coverage on shares of Camtek in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $100.00 price target on the stock. Finally, B. Riley reaffirmed a “buy” rating and issued a $102.00 price objective on shares of Camtek in a report on Tuesday, March 26th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Camtek currently has an average rating of “Moderate Buy” and an average price target of $74.75.

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.