Optimum Investment Advisors boosted its stake in Camtek Ltd. (NASDAQ:CAMT – Free Report) by 60.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,200 shares of the semiconductor company’s stock after acquiring an additional 450 shares during the period. Optimum Investment Advisors’ holdings in Camtek were worth $101,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in CAMT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Camtek by 110.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,015,307 shares of the semiconductor company’s stock worth $59,527,000 after acquiring an additional 532,944 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Camtek by 27.8% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,134,671 shares of the semiconductor company’s stock valued at $123,622,000 after purchasing an additional 464,671 shares during the period. Phoenix Financial Ltd. raised its position in shares of Camtek by 266.0% in the first quarter. Phoenix Financial Ltd. now owns 469,178 shares of the semiconductor company’s stock valued at $27,740,000 after purchasing an additional 341,000 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Camtek by 27.6% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,448,441 shares of the semiconductor company’s stock valued at $84,922,000 after purchasing an additional 312,988 shares during the period. Finally, First Wilshire Securities Management Inc. raised its position in shares of Camtek by 1,525.1% in the first quarter. First Wilshire Securities Management Inc. now owns 194,802 shares of the semiconductor company’s stock valued at $11,421,000 after purchasing an additional 182,815 shares during the period. Institutional investors own 41.93% of the company’s stock.
Camtek Stock Performance
Camtek stock opened at $119.15 on Friday. The firm’s 50 day simple moving average is $99.17 and its 200 day simple moving average is $84.33. The company has a current ratio of 5.41, a quick ratio of 4.38 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $5.43 billion, a PE ratio of 43.64, a price-to-earnings-growth ratio of 3.01 and a beta of 1.39. Camtek Ltd. has a 1-year low of $47.41 and a 1-year high of $127.08.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on CAMT. Needham & Company LLC boosted their price target on shares of Camtek from $80.00 to $98.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Stifel Nicolaus boosted their price target on shares of Camtek from $98.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Camtek in a research report on Friday. Oppenheimer began coverage on shares of Camtek in a research report on Wednesday, July 2nd. They issued an “outperform” rating and a $100.00 price target on the stock. Finally, Northland Securities set a $140.00 price target on shares of Camtek in a research report on Tuesday, October 7th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $110.30.
Read Our Latest Research Report on Camtek
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.
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