Camtek Ltd. (NASDAQ:CAMT) Shares Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D boosted its position in Camtek Ltd. (NASDAQ:CAMT) by 1.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,150 shares of the semiconductor company’s stock after purchasing an additional 381 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.06% of Camtek worth $2,031,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. 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 worth $29,887,000 after buying an additional 46,016 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Camtek by 21.5% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,515,452 shares of the semiconductor company’s stock valued at $121,734,000 after buying an additional 268,258 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Camtek by 7.5% during 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. Blueshift Asset Management LLC purchased a new position in Camtek in the 3rd quarter valued at about $624,000. Finally, Point72 Hong Kong Ltd grew its stake in Camtek by 193,738.7% during the 3rd quarter. Point72 Hong Kong Ltd now owns 60,090 shares of the semiconductor company’s stock valued at $4,798,000 after purchasing an additional 60,059 shares in the last quarter. Hedge funds and other institutional investors own 41.93% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CAMT shares. Northland Securities upped their price target on shares of Camtek from $102.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Barclays decreased their price target on Camtek from $140.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 target price on shares of Camtek in a report on Thursday, February 13th. StockNews.com upgraded Camtek from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Cantor Fitzgerald started coverage on Camtek in a research report on Monday, January 13th. They set a “neutral” rating and a $100.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Camtek has an average rating of “Moderate Buy” and an average target price of $114.11.

Camtek Price Performance

Shares of NASDAQ CAMT opened at $76.11 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.00 and a quick ratio of 4.11. The firm has a market capitalization of $3.45 billion, a PE ratio of 31.45, a P/E/G ratio of 1.89 and a beta of 1.34. Camtek Ltd. has a 1-year low of $69.83 and a 1-year high of $140.50. The business’s fifty day moving average price is $88.30 and its two-hundred day moving average price is $83.76.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings data on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.06). Camtek had a net margin of 27.61% and a return on equity of 24.99%. On average, research analysts expect that Camtek Ltd. will post 2.93 EPS for the current 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.