Y.D. More Investments Ltd Has $5.29 Million Stake in Camtek Ltd. (NASDAQ:CAMT)

Y.D. More Investments Ltd reduced its holdings in shares of Camtek Ltd. (NASDAQ:CAMT) by 7.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 76,292 shares of the semiconductor company’s stock after selling 5,812 shares during the period. Camtek accounts for approximately 1.1% of Y.D. More Investments Ltd’s investment portfolio, making the stock its 27th biggest holding. Y.D. More Investments Ltd’s holdings in Camtek were worth $5,293,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CAMT. Clal Insurance Enterprises Holdings Ltd grew its position in shares of Camtek by 275.5% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,067,187 shares of the semiconductor company’s stock worth $66,405,000 after buying an additional 782,958 shares during the period. Vanguard Group Inc. increased its stake in Camtek by 3.7% in the third quarter. Vanguard Group Inc. now owns 937,408 shares of the semiconductor company’s stock valued at $58,363,000 after purchasing an additional 33,820 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Camtek by 8.9% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 834,265 shares of the semiconductor company’s stock valued at $51,941,000 after purchasing an additional 68,102 shares during the period. Federated Hermes Inc. boosted its position in shares of Camtek by 9.7% during the 4th quarter. Federated Hermes Inc. now owns 762,649 shares of the semiconductor company’s stock worth $52,913,000 after purchasing an additional 67,649 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of Camtek in the 3rd quarter valued at about $21,162,000. Institutional investors own 41.93% of the company’s stock.

Wall Street Analyst Weigh In

CAMT has been the topic of several recent research reports. Evercore ISI began coverage on Camtek in a report on Tuesday, April 16th. They issued an “outperform” rating and a $100.00 price target on the stock. Barclays lifted their price target on shares of Camtek from $82.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. Finally, B. Riley reiterated a “buy” rating and set a $102.00 price objective on shares of Camtek in a report on Tuesday, March 26th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $74.75.

Camtek Stock Performance

Shares of NASDAQ CAMT traded down $2.09 during midday trading on Wednesday, reaching $78.88. The company’s stock had a trading volume of 307,967 shares, compared to its average volume of 412,359. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.66 and a quick ratio of 4.77. The stock has a market capitalization of $3.54 billion, a P/E ratio of 49.55, a PEG ratio of 2.84 and a beta of 1.41. The firm has a 50 day moving average price of $80.36 and a 200-day moving average price of $71.99. Camtek Ltd. has a 12-month low of $25.70 and a 12-month high of $90.54.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings data on Tuesday, February 20th. The semiconductor company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.04. Camtek had a return on equity of 18.92% and a net margin of 24.93%. The business had revenue of $88.70 million for the quarter, compared to analysts’ expectations of $88.02 million. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The business’s revenue was up 7.9% on a year-over-year basis. As a group, equities analysts predict that Camtek Ltd. will post 2.12 earnings per share for the current year.

Camtek Announces Dividend

The business also recently disclosed a Variable dividend, which was paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th were given a $1.33 dividend. The ex-dividend date was Wednesday, April 3rd. Camtek’s dividend payout ratio is 82.10%.

About Camtek

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.