Navellier & Associates Inc. Sells 197 Shares of Camtek Ltd. (NASDAQ:CAMT)

Navellier & Associates Inc. lessened its stake in Camtek Ltd. (NASDAQ:CAMT) by 2.0% in the fourth quarter, HoldingsChannel reports. The firm owned 9,889 shares of the semiconductor company’s stock after selling 197 shares during the period. Navellier & Associates Inc.’s holdings in Camtek were worth $799,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CAMT. Meitav Investment House Ltd. increased its holdings in Camtek by 119.3% in the fourth quarter. Meitav Investment House Ltd. now owns 818,123 shares of the semiconductor company’s stock valued at $66,159,000 after purchasing an additional 445,079 shares during the last quarter. Two Sigma Advisers LP grew its stake 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 period. The Manufacturers Life Insurance Company grew its stake in Camtek by 3,005.3% in the third quarter. The Manufacturers Life Insurance Company now owns 330,716 shares of the semiconductor company’s stock valued at $26,408,000 after acquiring an additional 320,066 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its stake in Camtek by 32.6% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,135,453 shares of the semiconductor company’s stock valued at $91,711,000 after acquiring an additional 279,000 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd grew its stake in Camtek by 21.5% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,515,452 shares of the semiconductor company’s stock valued at $121,734,000 after acquiring an additional 268,258 shares during the period. Institutional investors own 41.93% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. StockNews.com raised Camtek from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Barclays decreased their target price on Camtek from $140.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Cantor Fitzgerald assumed coverage on Camtek in a research note on Monday, January 13th. They issued a “neutral” rating and a $100.00 target price for the company. Needham & Company LLC reissued a “buy” rating and issued a $110.00 target price on shares of Camtek in a research note on Thursday, February 13th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $105.00 price objective on shares of Camtek in a research report on Thursday, December 12th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $114.11.

Camtek Stock Down 4.7 %

CAMT stock opened at $76.11 on Friday. Camtek Ltd. has a fifty-two week low of $69.83 and a fifty-two week high of $140.50. The stock has a market capitalization of $3.45 billion, a P/E ratio of 31.45, a P/E/G ratio of 1.89 and a beta of 1.34. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.00 and a quick ratio of 4.11. The business has a 50-day moving average of $88.30 and a 200-day moving average of $83.77.

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

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.