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

Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Camtek Ltd. (NASDAQ:CAMT) by 56.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,665,236 shares of the semiconductor company’s stock after purchasing an additional 604,097 shares during the period. Camtek makes up 1.5% of Harel Insurance Investments & Financial Services Ltd.’s holdings, making the stock its 20th biggest holding. Harel Insurance Investments & Financial Services Ltd.’s holdings in Camtek were worth $177,090,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Advisory Services Network LLC purchased a new stake in Camtek during the 3rd quarter worth about $32,000. Rothschild Investment LLC purchased a new stake in Camtek during the 3rd quarter worth about $54,000. Advisors Asset Management Inc. lifted its holdings in Camtek by 61.6% during the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock worth $45,000 after buying an additional 293 shares during the last quarter. Aventura Private Wealth LLC purchased a new stake in Camtek during the 4th quarter worth about $108,000. Finally, Sovran Advisors LLC purchased a new stake in Camtek during the 4th quarter worth about $155,000. 41.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Oppenheimer lifted their price target on Camtek from $120.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, February 19th. Needham & Company LLC lifted their price target on Camtek from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Barclays lifted their price target on Camtek from $155.00 to $175.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Bank of America lifted their price target on Camtek from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $185.00 price target on shares of Camtek in a report on Wednesday, February 18th. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Camtek has a consensus rating of “Moderate Buy” and an average price target of $166.75.

Camtek Stock Up 7.9%

Camtek stock opened at $197.20 on Wednesday. Camtek Ltd. has a fifty-two week low of $62.88 and a fifty-two week high of $210.20. The company has a debt-to-equity ratio of 0.84, a quick ratio of 7.31 and a current ratio of 8.35. The company has a market capitalization of $9.04 billion, a P/E ratio of 209.79, a PEG ratio of 4.30 and a beta of 1.61. The stock has a 50-day simple moving average of $169.54 and a 200-day simple moving average of $140.20.

Camtek (NASDAQ:CAMT) last posted its earnings results on Wednesday, February 18th. The semiconductor company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.02). The firm had revenue of $128.12 million during the quarter, compared to analysts’ expectations of $127.10 million. Camtek had a net margin of 10.23% and a return on equity of 23.61%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.77 earnings per share. Equities research analysts expect that Camtek Ltd. will post 3.12 earnings per share for the current year.

Camtek Company Profile

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.