Blue Trust Inc. grew its holdings in shares of Camtek Ltd. (NASDAQ:CAMT – Free Report) by 34.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,716 shares of the semiconductor company’s stock after purchasing an additional 1,479 shares during the period. Blue Trust Inc.’s holdings in Camtek were worth $483,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the business. Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Camtek by 27.8% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,134,671 shares of the semiconductor company’s stock valued at $123,622,000 after purchasing an additional 464,671 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Camtek by 27.6% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,448,441 shares of the semiconductor company’s stock valued at $84,922,000 after buying an additional 312,988 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Camtek by 110.5% during 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 in the last quarter. Vanguard Group Inc. boosted its stake in Camtek by 1.9% during the first quarter. Vanguard Group Inc. now owns 1,002,302 shares of the semiconductor company’s stock valued at $58,715,000 after buying an additional 18,316 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its stake in Camtek by 1.7% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 980,074 shares of the semiconductor company’s stock valued at $57,462,000 after buying an additional 16,200 shares in the last quarter. 41.93% of the stock is owned by institutional investors and hedge funds.
Camtek Stock Down 3.5%
CAMT opened at $110.05 on Monday. Camtek Ltd. has a fifty-two week low of $47.41 and a fifty-two week high of $119.26. The business has a 50-day moving average of $92.31 and a 200-day moving average of $79.99. The company has a debt-to-equity ratio of 0.32, a current ratio of 5.41 and a quick ratio of 4.38. The company has a market capitalization of $5.02 billion, a PE ratio of 40.31, a price-to-earnings-growth ratio of 2.86 and a beta of 1.39.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on CAMT shares. Zacks Research raised Camtek to a “hold” rating in a research note on Monday, August 11th. Stifel Nicolaus raised their target price on Camtek from $84.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, July 7th. Cantor Fitzgerald set a $80.00 target price on Camtek and gave the company a “neutral” rating in a research note on Tuesday, June 24th. B. Riley raised their target price on Camtek from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Friday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Camtek in a research note on Wednesday, October 8th. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $104.60.
View Our Latest Research Report on CAMT
Camtek Profile
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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