Clal Insurance Enterprises Holdings Ltd Sells 21,343 Shares of Camtek Ltd. $CAMT

Clal Insurance Enterprises Holdings Ltd lowered its holdings in Camtek Ltd. (NASDAQ:CAMT) by 1.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,879,150 shares of the semiconductor company’s stock after selling 21,343 shares during the period. Camtek accounts for approximately 1.7% of Clal Insurance Enterprises Holdings Ltd’s investment portfolio, making the stock its 12th biggest holding. Clal Insurance Enterprises Holdings Ltd’s holdings in Camtek were worth $279,661,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Fifth Third Bancorp bought a new position in shares of Camtek during the first quarter valued at approximately $42,000. Daiwa Securities Group Inc. boosted its holdings in Camtek by 202.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 299 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 200 shares in the last quarter. Advisory Services Network LLC bought a new stake in Camtek in the third quarter valued at $32,000. Global Retirement Partners LLC purchased a new position in Camtek during the 4th quarter valued at $52,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Camtek during the 4th quarter valued at $63,000. 41.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CAMT shares. Jefferies Financial Group raised their target price on shares of Camtek from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Oppenheimer boosted their price target on shares of Camtek from $180.00 to $195.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Needham & Company LLC increased their price target on shares of Camtek from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Weiss Ratings upgraded shares of Camtek from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, May 14th. Finally, 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. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $174.67.

Camtek Stock Performance

Shares of Camtek stock opened at $156.15 on Wednesday. Camtek Ltd. has a 12 month low of $75.75 and a 12 month high of $215.99. The firm has a market capitalization of $7.29 billion, a P/E ratio of 179.48, a P/E/G ratio of 3.53 and a beta of 1.55. The company has a current ratio of 8.35, a quick ratio of 7.46 and a debt-to-equity ratio of 0.71. The business has a fifty day simple moving average of $164.39 and a two-hundred day simple moving average of $161.83.

Camtek (NASDAQ:CAMT) last released 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. The firm had revenue of $121.66 million for the quarter, compared to the consensus estimate of $120.15 million. Camtek had a net margin of 9.63% and a return on equity of 22.26%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.79 EPS. On average, equities analysts forecast that Camtek Ltd. will post 3.14 earnings per share for the current fiscal year.

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.