Y.D. More Investments Ltd Raises Holdings in Camtek Ltd. $CAMT

Y.D. More Investments Ltd raised its position in shares of Camtek Ltd. (NASDAQ:CAMT) by 20.8% during the first quarter, HoldingsChannel.com reports. The fund owned 783,365 shares of the semiconductor company’s stock after buying an additional 134,791 shares during the quarter. Camtek accounts for about 4.4% of Y.D. More Investments Ltd’s holdings, making the stock its 6th biggest position. Y.D. More Investments Ltd’s holdings in Camtek were worth $114,901,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Wasatch Advisors LP lifted its stake in shares of Camtek by 14.7% in the 3rd quarter. Wasatch Advisors LP now owns 4,020,683 shares of the semiconductor company’s stock valued at $422,373,000 after purchasing an additional 513,956 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its stake in Camtek by 56.9% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,665,236 shares of the semiconductor company’s stock worth $177,090,000 after purchasing an additional 604,097 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its stake in Camtek by 12.0% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,318,396 shares of the semiconductor company’s stock worth $140,205,000 after purchasing an additional 140,796 shares during the period. Vanguard Group Inc. grew its stake in Camtek by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 1,086,242 shares of the semiconductor company’s stock worth $116,615,000 after purchasing an additional 7,220 shares during the period. Finally, Analog Century Management LP increased its holdings in Camtek by 14.8% in the fourth quarter. Analog Century Management LP now owns 693,720 shares of the semiconductor company’s stock worth $73,774,000 after purchasing an additional 89,461 shares in the last quarter. 41.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CAMT has been the topic of several recent analyst reports. Oppenheimer boosted their price target on Camtek from $180.00 to $195.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Stifel Nicolaus reaffirmed a “hold” rating and set a $185.00 price objective on shares of Camtek in a research report on Friday, April 17th. Northland Securities set a $174.00 price objective on shares of Camtek in a research note on Wednesday, May 13th. Jefferies Financial Group boosted their target price on shares of Camtek from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen raised shares of Camtek from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. 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 MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $174.67.

Camtek Price Performance

Shares of NASDAQ CAMT opened at $143.79 on Monday. The company has a debt-to-equity ratio of 0.71, a current ratio of 8.35 and a quick ratio of 7.46. The company has a 50-day moving average price of $171.21 and a 200-day moving average price of $159.97. The stock has a market capitalization of $6.71 billion, a P/E ratio of 165.28, a P/E/G ratio of 3.45 and a beta of 1.55. Camtek Ltd. has a 1 year low of $75.75 and a 1 year high of $215.99.

Camtek (NASDAQ:CAMT) last posted its earnings results on Tuesday, May 12th. The semiconductor company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. Camtek had a net margin of 9.63% and a return on equity of 22.26%. The company had revenue of $121.66 million for the quarter, compared to analyst estimates of $120.15 million. During the same quarter in the prior year, the business posted $0.79 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. On average, equities research analysts forecast that Camtek Ltd. will post 3.14 EPS for the current fiscal 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.