HighTower Advisors LLC Increases Stock Holdings in Camtek Ltd. (NASDAQ:CAMT)

HighTower Advisors LLC increased its holdings in shares of Camtek Ltd. (NASDAQ:CAMT) by 75.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,926 shares of the semiconductor company’s stock after purchasing an additional 4,272 shares during the quarter. HighTower Advisors LLC’s holdings in Camtek were worth $802,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Camtek by 10.2% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,670,000 shares of the semiconductor company’s stock worth $135,743,000 after acquiring an additional 154,548 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Camtek by 32.6% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,135,453 shares of the semiconductor company’s stock valued at $91,711,000 after buying an additional 279,000 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Camtek by 9.3% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 963,874 shares of the semiconductor company’s stock worth $77,852,000 after buying an additional 81,709 shares during the last quarter. Meitav Investment House Ltd. raised its position in shares of Camtek by 119.3% in the 4th quarter. Meitav Investment House Ltd. now owns 818,123 shares of the semiconductor company’s stock worth $66,159,000 after buying an additional 445,079 shares during the period. Finally, Two Sigma Advisers LP boosted its holdings in Camtek by 107.5% in the third quarter. Two Sigma Advisers LP now owns 720,700 shares of the semiconductor company’s stock valued at $57,548,000 after acquiring an additional 373,400 shares during the last quarter. 41.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Needham & Company LLC restated a “buy” rating and issued a $110.00 price objective on shares of Camtek in a report on Thursday, February 13th. Barclays reduced their price target on shares of Camtek from $140.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Northland Securities increased their price objective on shares of Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Cantor Fitzgerald began coverage on shares of Camtek in a report on Monday, January 13th. They set a “neutral” rating and a $100.00 target price on the stock. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $105.00 price objective on shares of Camtek in a research report on Thursday, December 12th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Camtek currently has a consensus rating of “Moderate Buy” and an average target price of $114.11.

Camtek Trading Down 2.6 %

Shares of CAMT opened at $62.97 on Friday. Camtek Ltd. has a one year low of $62.13 and a one year high of $140.50. The stock has a 50-day moving average price of $80.20 and a 200 day moving average price of $79.88. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.11 and a current ratio of 5.00. The company has a market capitalization of $2.87 billion, a P/E ratio of 26.02, a P/E/G ratio of 1.89 and a beta of 1.38.

Camtek (NASDAQ:CAMT) last released its earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.06). Camtek had a net margin of 27.61% and a return on equity of 24.99%. Sell-side analysts forecast that Camtek Ltd. will post 2.93 EPS for the current fiscal year.

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.