Camtek Ltd. $CAMT Shares Sold by Meitav Investment House Ltd.

Meitav Investment House Ltd. cut its stake in Camtek Ltd. (NASDAQ:CAMT) by 38.6% in the third quarter, Holdings Channel.com reports. The fund owned 521,853 shares of the semiconductor company’s stock after selling 328,327 shares during the quarter. Meitav Investment House Ltd.’s holdings in Camtek were worth $54,695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Advisors Asset Management Inc. increased its position in shares of Camtek by 61.6% during the first quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 293 shares in the last quarter. Optimum Investment Advisors grew its position in shares of Camtek by 60.0% during the second quarter. Optimum Investment Advisors now owns 1,200 shares of the semiconductor company’s stock worth $101,000 after acquiring an additional 450 shares during the last quarter. Lombard Odier Asset Management USA Corp acquired a new position in shares of Camtek in the 2nd quarter valued at $267,000. Lido Advisors LLC purchased a new stake in Camtek in the 2nd quarter valued at $306,000. Finally, Jefferies Financial Group Inc. acquired a new stake in Camtek during the 2nd quarter worth $338,000. Hedge funds and other institutional investors own 41.93% of the company’s stock.

Camtek Price Performance

Camtek stock opened at $145.93 on Friday. The company has a market cap of $6.65 billion, a P/E ratio of 162.14, a price-to-earnings-growth ratio of 3.14 and a beta of 1.55. Camtek Ltd. has a one year low of $47.41 and a one year high of $150.99. The business has a fifty day moving average of $112.86 and a two-hundred day moving average of $103.56. The company has a debt-to-equity ratio of 0.90, a quick ratio of 6.52 and a current ratio of 7.58.

Analyst Ratings Changes

CAMT has been the topic of several research reports. The Goldman Sachs Group reissued a “neutral” rating and set a $141.00 price objective on shares of Camtek in a research report on Friday, January 9th. Wall Street Zen raised Camtek from a “sell” rating to a “hold” rating in a report on Sunday, January 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Camtek in a research note on Monday, December 29th. Jefferies Financial Group increased their price objective on Camtek from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Finally, Evercore ISI boosted their target price on Camtek from $100.00 to $130.00 and gave the company an “outperform” rating in a report on Tuesday, November 11th. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $132.58.

Camtek Profile

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.