Camtek Ltd. $CAMT Shares Sold by Meitav Investment House Ltd.

Meitav Investment House Ltd. trimmed its holdings in shares of Camtek Ltd. (NASDAQ:CAMT) by 38.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 521,853 shares of the semiconductor company’s stock after selling 328,327 shares during the quarter. Meitav Investment House Ltd. owned 1.14% of Camtek worth $54,695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Advisors Asset Management Inc. raised its holdings in shares of Camtek by 61.6% in the first 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. Optimum Investment Advisors grew its stake in Camtek by 60.0% during the 2nd quarter. Optimum Investment Advisors now owns 1,200 shares of the semiconductor company’s stock valued at $101,000 after purchasing an additional 450 shares during the last quarter. Lombard Odier Asset Management USA Corp acquired a new position in shares of Camtek in the second quarter valued at about $267,000. Lido Advisors LLC acquired a new stake in shares of Camtek during the second quarter worth about $306,000. Finally, Jefferies Financial Group Inc. purchased a new stake in Camtek in the second quarter valued at approximately $338,000. 41.93% of the stock is currently owned by institutional investors and hedge funds.

Camtek Price Performance

Shares of CAMT stock opened at $145.93 on Friday. Camtek Ltd. has a 12 month low of $47.41 and a 12 month high of $150.99. The company has a market capitalization of $6.65 billion, a PE ratio of 162.14, a price-to-earnings-growth ratio of 3.14 and a beta of 1.55. The firm’s 50-day moving average is $112.86 and its two-hundred day moving average is $103.56. The company has a debt-to-equity ratio of 0.90, a current ratio of 7.58 and a quick ratio of 6.52.

Wall Street Analyst Weigh In

CAMT has been the subject of a number of recent research reports. Bank of America raised their price target on shares of Camtek from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. B. Riley increased their price objective on shares of Camtek from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Evercore ISI boosted their target price on shares of Camtek from $100.00 to $130.00 and gave the company an “outperform” rating in a research report on Tuesday, November 11th. Stifel Nicolaus upped their price target on shares of Camtek from $98.00 to $115.00 and gave the company a “buy” rating in a report on Monday, October 13th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Camtek in a research note on Monday, December 29th. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Camtek currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.58.

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.