Meitav Investment House Ltd. Raises Holdings in Camtek Ltd. $CAMT

Meitav Investment House Ltd. increased its holdings in Camtek Ltd. (NASDAQ:CAMT) by 11.4% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 349,773 shares of the semiconductor company’s stock after buying an additional 35,811 shares during the quarter. Meitav Investment House Ltd. owned about 0.76% of Camtek worth $51,836,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Advisors Asset Management Inc. lifted its holdings in shares of Camtek by 61.6% during the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 293 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Camtek by 12.1% in the first quarter. Goldman Sachs Group Inc. now owns 149,223 shares of the semiconductor company’s stock worth $8,749,000 after acquiring an additional 16,117 shares during the period. Geode Capital Management LLC grew its holdings in shares of Camtek by 0.7% in the second quarter. Geode Capital Management LLC now owns 39,420 shares of the semiconductor company’s stock worth $3,333,000 after acquiring an additional 279 shares during the period. Cetera Investment Advisers increased its position in Camtek by 4.7% during the second quarter. Cetera Investment Advisers now owns 4,841 shares of the semiconductor company’s stock valued at $409,000 after acquiring an additional 217 shares during the last quarter. Finally, Invesco Ltd. increased its position in Camtek by 8.3% during the second quarter. Invesco Ltd. now owns 263,836 shares of the semiconductor company’s stock valued at $22,310,000 after acquiring an additional 20,237 shares during the last quarter. Hedge funds and other institutional investors own 41.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Weiss Ratings raised Camtek from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, May 14th. Evercore reaffirmed an “outperform” rating and set a $200.00 price target on shares of Camtek in a research report on Wednesday, May 13th. Barclays increased their price objective on shares of Camtek from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Oppenheimer raised their price objective on shares of Camtek from $180.00 to $195.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Finally, Stifel Nicolaus restated a “hold” rating and set a $185.00 target price on shares of Camtek in a research report on Friday, April 17th. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Camtek has an average rating of “Moderate Buy” and a consensus price target of $174.67.

Camtek Price Performance

NASDAQ:CAMT traded down $9.55 during trading hours on Tuesday, hitting $132.29. 264,808 shares of the stock traded hands, compared to its average volume of 509,534. The company has a market cap of $6.17 billion, a price-to-earnings ratio of 152.23, a price-to-earnings-growth ratio of 3.42 and a beta of 1.55. Camtek Ltd. has a 1 year low of $75.75 and a 1 year high of $215.99. The stock has a 50 day moving average price of $175.21 and a 200 day moving average price of $158.93. The company has a quick ratio of 7.46, a current ratio of 8.35 and a debt-to-equity ratio of 0.71.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings data on Tuesday, May 12th. The semiconductor company reported $0.70 earnings per share (EPS) 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 firm had revenue of $121.66 million during the quarter, compared to analysts’ expectations of $120.15 million. During the same period in the prior year, the company posted $0.79 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. Sell-side analysts forecast that Camtek Ltd. will post 3.14 EPS 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.