Clal Insurance Enterprises Holdings Ltd Trims Stock Holdings in Camtek Ltd. $CAMT

Clal Insurance Enterprises Holdings Ltd reduced its stake in Camtek Ltd. (NASDAQ:CAMT) by 2.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,900,493 shares of the semiconductor company’s stock after selling 54,720 shares during the period. Camtek comprises approximately 1.3% of Clal Insurance Enterprises Holdings Ltd’s investment portfolio, making the stock its 15th largest position. Clal Insurance Enterprises Holdings Ltd’s holdings in Camtek were worth $203,211,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wasatch Advisors LP raised its holdings in 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 buying an additional 513,956 shares during the period. Menora Mivtachim Holdings LTD. raised its holdings in Camtek by 31.1% in the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 2,099,351 shares of the semiconductor company’s stock valued at $220,537,000 after buying an additional 497,918 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its holdings in Camtek by 56.9% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,665,236 shares of the semiconductor company’s stock valued at $177,090,000 after buying an additional 604,097 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Camtek by 12.0% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,318,396 shares of the semiconductor company’s stock valued at $140,205,000 after buying an additional 140,796 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Camtek by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 1,086,242 shares of the semiconductor company’s stock valued at $116,615,000 after buying an additional 7,220 shares during the period. 41.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on CAMT shares. The Goldman Sachs Group reiterated a “neutral” rating and set a $145.00 price target on shares of Camtek in a research note on Wednesday, February 18th. B. Riley Financial reiterated a “buy” rating on shares of Camtek in a research note on Monday, April 20th. Morgan Stanley boosted their price target on shares of Camtek from $161.00 to $163.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 13th. Needham & Company LLC boosted 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. Finally, Evercore reiterated an “outperform” rating and set a $200.00 price target on shares of Camtek in a research note on Wednesday, May 13th. Seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.33.

Camtek Stock Up 5.0%

Shares of NASDAQ:CAMT opened at $193.27 on Friday. 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 firm has a market capitalization of $8.86 billion, a PE ratio of 222.15, a price-to-earnings-growth ratio of 4.42 and a beta of 1.54. The firm’s 50-day moving average is $177.22 and its two-hundred day moving average is $152.17. Camtek Ltd. has a 1 year low of $70.07 and a 1 year high of $215.99.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings data on Tuesday, May 12th. The semiconductor company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. Camtek had a return on equity of 22.26% and a net margin of 9.63%.The business had revenue of $121.66 million during the quarter, compared to the consensus estimate of $120.15 million. During the same period in the previous year, the company posted $0.79 earnings per share. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. Analysts predict that Camtek Ltd. will post 3.14 EPS for the current 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.