Menora Mivtachim Holdings LTD. boosted its position in Camtek Ltd. (NASDAQ:CAMT – Free Report) by 2.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,601,433 shares of the semiconductor company’s stock after buying an additional 35,000 shares during the period. Menora Mivtachim Holdings LTD. owned approximately 3.51% of Camtek worth $135,417,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Camtek by 0.4% in the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,142,171 shares of the semiconductor company’s stock valued at $182,976,000 after purchasing an additional 7,500 shares during the period. Brown Capital Management LLC increased its holdings in Camtek by 3.5% in the second quarter. Brown Capital Management LLC now owns 1,140,137 shares of the semiconductor company’s stock worth $96,410,000 after purchasing an additional 38,485 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake 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 valued at $59,527,000 after buying an additional 532,944 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Camtek by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 1,002,302 shares of the semiconductor company’s stock worth $58,715,000 after buying an additional 18,316 shares in the last quarter. Finally, Y.D. More Investments Ltd grew its position in shares of Camtek by 22.5% during the 2nd quarter. Y.D. More Investments Ltd now owns 644,657 shares of the semiconductor company’s stock worth $55,435,000 after buying an additional 118,226 shares during the period. 41.93% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on CAMT. Weiss Ratings reissued a “hold (c)” rating on shares of Camtek in a research note on Wednesday, October 8th. Northland Securities set a $140.00 price objective on shares of Camtek in a research report on Tuesday, October 7th. Morgan Stanley started coverage on Camtek in a research report on Monday, December 1st. They issued an “equal weight” rating and a $110.00 target price for the company. Stifel Nicolaus increased their price target on Camtek from $98.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Finally, Barclays boosted their price objective on Camtek from $85.00 to $120.00 and gave the company an “overweight” rating in a report on Tuesday, November 11th. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $116.18.
Camtek Stock Performance
Shares of CAMT opened at $119.20 on Wednesday. The firm has a market capitalization of $5.43 billion, a P/E ratio of 132.44, a P/E/G ratio of 3.00 and a beta of 1.57. Camtek Ltd. has a 52 week low of $47.41 and a 52 week high of $129.41. The stock has a 50 day moving average price of $113.13 and a two-hundred day moving average price of $94.98. The company has a debt-to-equity ratio of 0.90, a quick ratio of 6.52 and a current ratio of 7.58.
About Camtek
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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