81,086 Shares in Camtek Ltd. (NASDAQ:CAMT) Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new stake in shares of Camtek Ltd. (NASDAQ:CAMT) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 81,086 shares of the semiconductor company’s stock, valued at approximately $6,481,000.

Several other large investors also recently added to or reduced their stakes in the stock. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Camtek by 21.5% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,515,452 shares of the semiconductor company’s stock worth $121,734,000 after acquiring an additional 268,258 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its stake in Camtek by 7.5% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 856,453 shares of the semiconductor company’s stock worth $68,388,000 after purchasing an additional 60,088 shares in 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 worth $57,548,000 after purchasing an additional 373,400 shares in the last quarter. Y.D. More Investments Ltd increased its holdings in Camtek by 723.7% during the 2nd quarter. Y.D. More Investments Ltd now owns 626,973 shares of the semiconductor company’s stock worth $78,709,000 after purchasing an additional 550,854 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Camtek by 16.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 486,606 shares of the semiconductor company’s stock valued at $38,855,000 after purchasing an additional 67,250 shares in the last quarter. 41.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CAMT shares. Northland Securities increased their price target on Camtek from $99.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. StockNews.com upgraded shares of Camtek from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Needham & Company LLC restated a “buy” rating and issued a $95.00 price target on shares of Camtek in a report on Wednesday, November 13th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $105.00 price objective on shares of Camtek in a research note on Thursday. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $109.88.

Camtek Stock Up 1.5 %

NASDAQ:CAMT opened at $74.87 on Friday. The company’s 50-day simple moving average is $77.80 and its 200-day simple moving average is $92.85. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.36 and a current ratio of 5.28. Camtek Ltd. has a fifty-two week low of $60.90 and a fifty-two week high of $140.50. The stock has a market capitalization of $3.40 billion, a P/E ratio of 34.50, a P/E/G ratio of 1.36 and a beta of 1.34.

Camtek (NASDAQ:CAMT) last announced its earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.06. The company had revenue of $112.30 million during the quarter, compared to the consensus estimate of $108.51 million. Camtek had a net margin of 26.53% and a return on equity of 24.21%. Camtek’s revenue was up 39.5% compared to the same quarter last year. During the same period last year, the firm earned $0.46 earnings per share. On average, equities analysts anticipate that Camtek Ltd. will post 2.53 earnings per share for the current fiscal year.

Camtek Company 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.