Meitav Investment House Ltd. Buys 35,811 Shares of Camtek Ltd. $CAMT

Meitav Investment House Ltd. grew its position in shares of Camtek Ltd. (NASDAQ:CAMT) by 11.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 349,773 shares of the semiconductor company’s stock after purchasing an additional 35,811 shares during the period. Meitav Investment House Ltd.’s holdings in Camtek were worth $51,836,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CAMT. Daiwa Securities Group Inc. raised its holdings in shares of Camtek by 202.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 299 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 200 shares in the last quarter. Advisory Services Network LLC purchased a new stake in Camtek during the third quarter valued at $32,000. Advisors Asset Management Inc. lifted its position in Camtek by 61.6% during the first quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 293 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in Camtek during the fourth quarter valued at approximately $52,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Camtek in the fourth quarter worth $63,000. Hedge funds and other institutional investors own 41.93% of the company’s stock.

Camtek Stock Down 6.7%

NASDAQ:CAMT traded down $9.55 during mid-day trading on Tuesday, hitting $132.29. 264,808 shares of the company’s stock traded hands, compared to its average volume of 509,534. The company has a market capitalization of $6.17 billion, a P/E ratio of 152.23, a P/E/G ratio of 3.42 and a beta of 1.55. The company has a debt-to-equity ratio of 0.71, a quick ratio of 7.46 and a current ratio of 8.35. The company has a fifty day moving average of $175.21 and a 200 day moving average of $158.93. Camtek Ltd. has a twelve month low of $75.75 and a twelve month high of $215.99.

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

Analyst Ratings Changes

Several brokerages have issued reports on CAMT. Jefferies Financial Group raised their price objective on shares of Camtek from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Stifel Nicolaus reiterated a “hold” rating and issued a $185.00 price target on shares of Camtek in a report on Friday, April 17th. Morgan Stanley raised their price target on Camtek from $163.00 to $167.00 and gave the stock an “equal weight” rating in a research note on Monday. Oppenheimer upped their price objective on Camtek from $180.00 to $195.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Finally, Barclays lifted their target price on Camtek from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Camtek currently has a consensus rating of “Moderate Buy” and an average price target of $174.67.

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.