Point72 Asset Management L.P. Makes New $4.73 Million Investment in Camtek Ltd. (NASDAQ:CAMT)

Point72 Asset Management L.P. acquired a new stake in Camtek Ltd. (NASDAQ:CAMT) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 59,200 shares of the semiconductor company’s stock, valued at approximately $4,727,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CAMT. Clal Insurance Enterprises Holdings Ltd raised its position 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 worth $121,734,000 after purchasing an additional 268,258 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Camtek by 7.5% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 856,453 shares of the semiconductor company’s stock valued at $68,388,000 after purchasing an additional 60,088 shares during the period. Y.D. More Investments Ltd raised its holdings in shares of Camtek by 723.7% in the 2nd quarter. Y.D. More Investments Ltd now owns 626,973 shares of the semiconductor company’s stock worth $78,709,000 after buying an additional 550,854 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of 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 worth $38,855,000 after buying an additional 67,250 shares during the period. Finally, Meitav Investment House Ltd. boosted its stake in Camtek by 14.1% in the 3rd quarter. Meitav Investment House Ltd. now owns 373,044 shares of the semiconductor company’s stock valued at $29,887,000 after buying an additional 46,016 shares in the last quarter. 41.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on CAMT. StockNews.com upgraded Camtek from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Northland Securities lifted their price target on shares of Camtek from $99.00 to $102.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $95.00 price objective on shares of Camtek in a research note on Wednesday, November 13th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $110.57.

Camtek Stock Up 1.6 %

Shares of NASDAQ CAMT opened at $72.72 on Monday. Camtek Ltd. has a 12-month low of $60.90 and a 12-month high of $140.50. The firm’s 50-day simple moving average is $78.18 and its 200 day simple moving average is $93.74. The company has a quick ratio of 4.36, a current ratio of 5.28 and a debt-to-equity ratio of 0.38. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 33.51, a price-to-earnings-growth ratio of 1.38 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. The company had revenue of $112.30 million for the quarter, compared to analyst estimates of $108.51 million. Camtek had a net margin of 26.53% and a return on equity of 24.21%. Camtek’s quarterly revenue was up 39.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.46 earnings per share. On average, research analysts expect 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.