Camtek Ltd. (NASDAQ:CAMT) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. raised its holdings in Camtek Ltd. (NASDAQ:CAMT) by 9.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 329,882 shares of the semiconductor company’s stock after buying an additional 27,529 shares during the quarter. Franklin Resources Inc.’s holdings in Camtek were worth $26,645,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CAMT. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Camtek by 10.2% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,670,000 shares of the semiconductor company’s stock worth $135,743,000 after buying an additional 154,548 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its stake in Camtek by 32.6% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,135,453 shares of the semiconductor company’s stock worth $91,711,000 after acquiring an additional 279,000 shares during the last quarter. Vanguard Group Inc. lifted its position in Camtek by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 983,986 shares of the semiconductor company’s stock worth $80,028,000 after acquiring an additional 14,702 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its stake in 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 valued at $77,852,000 after purchasing an additional 81,709 shares during the last quarter. Finally, Meitav Investment House Ltd. increased its holdings in shares of 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 period. Institutional investors and hedge funds own 41.93% of the company’s stock.

Analyst Upgrades and Downgrades

CAMT has been the subject of a number of research reports. Northland Securities lifted their target price on Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Cantor Fitzgerald assumed coverage on shares of Camtek in a research report on Monday, January 13th. They set a “neutral” rating and a $100.00 price target for the company. Jefferies Financial Group dropped their price objective on shares of Camtek from $120.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Barclays reduced their target price on shares of Camtek from $140.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, StockNews.com raised shares of Camtek from a “sell” rating to a “hold” rating in a report on Sunday. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $110.22.

Camtek Stock Down 4.1 %

Shares of CAMT opened at $50.56 on Monday. The firm has a market cap of $2.31 billion, a P/E ratio of 20.89, a PEG ratio of 1.89 and a beta of 1.38. Camtek Ltd. has a 12 month low of $47.41 and a 12 month high of $140.50. The stock’s 50 day moving average is $74.49 and its two-hundred day moving average is $79.06. The company has a current ratio of 5.00, a quick ratio of 4.11 and a debt-to-equity ratio of 0.36.

Camtek (NASDAQ:CAMT) last released its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). Camtek had a net margin of 27.61% and a return on equity of 24.99%. Analysts predict 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.