Meitav Investment House Ltd. Has $29.89 Million Stock Holdings in Camtek Ltd. (NASDAQ:CAMT)

Meitav Investment House Ltd. boosted its holdings in shares of Camtek Ltd. (NASDAQ:CAMTFree Report) by 14.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 373,044 shares of the semiconductor company’s stock after buying an additional 46,016 shares during the period. Meitav Investment House Ltd.’s holdings in Camtek were worth $29,887,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CAMT. PNC Financial Services Group Inc. grew its stake in shares of Camtek by 17.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the semiconductor company’s stock worth $158,000 after acquiring an additional 340 shares in the last quarter. Jennison Associates LLC grew its stake in shares of Camtek by 383.1% in the 1st quarter. Jennison Associates LLC now owns 23,015 shares of the semiconductor company’s stock worth $1,928,000 after acquiring an additional 18,251 shares in the last quarter. Swiss National Bank grew its stake in shares of Camtek by 1.3% in the 1st quarter. Swiss National Bank now owns 58,287 shares of the semiconductor company’s stock worth $4,850,000 after acquiring an additional 750 shares in the last quarter. Sei Investments Co. grew its stake in shares of Camtek by 41.5% in the 1st quarter. Sei Investments Co. now owns 94,473 shares of the semiconductor company’s stock worth $7,914,000 after acquiring an additional 27,707 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of Camtek in the 1st quarter worth $50,000. Institutional investors own 41.93% of the company’s stock.

Camtek Stock Down 2.0 %

CAMT opened at $80.45 on Thursday. Camtek Ltd. has a 12 month low of $49.71 and a 12 month high of $140.50. The company has a market cap of $3.61 billion, a PE ratio of 46.38, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38. The company has a current ratio of 5.21, a quick ratio of 4.29 and a debt-to-equity ratio of 0.42. The company has a 50 day moving average of $82.28 and a 200 day moving average of $95.73.

Camtek (NASDAQ:CAMTGet Free Report) last posted its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. Camtek had a return on equity of 22.57% and a net margin of 25.93%. The firm had revenue of $102.60 million during the quarter, compared to analyst estimates of $101.26 million. During the same period last year, the company earned $0.38 earnings per share. The business’s revenue for the quarter was up 39.4% on a year-over-year basis. On average, sell-side analysts expect that Camtek Ltd. will post 2.45 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CAMT shares. Northland Securities upgraded shares of Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 target price for the company in a research note on Monday, August 5th. Needham & Company LLC reiterated a “buy” rating and issued a $140.00 target price on shares of Camtek in a research note on Friday, August 2nd. StockNews.com upgraded shares of Camtek from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. B. Riley reduced their price target on shares of Camtek from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, Northland Capmk upgraded shares of Camtek from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $116.57.

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About Camtek

(Free Report)

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.

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Institutional Ownership by Quarter for Camtek (NASDAQ:CAMT)

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