ARK Investment Management LLC Acquires 3,685 Shares of Camtek Ltd. (NASDAQ:CAMT)

ARK Investment Management LLC lifted its holdings in Camtek Ltd. (NASDAQ:CAMT) by 20.3% in the fourth quarter, Holdings Channel reports. The fund owned 21,855 shares of the semiconductor company’s stock after purchasing an additional 3,685 shares during the quarter. ARK Investment Management LLC’s holdings in Camtek were worth $1,765,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Meitav Investment House Ltd. raised its position in Camtek by 119.3% during 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. Two Sigma Advisers LP increased its position in shares of Camtek by 107.5% during the 3rd quarter. Two Sigma Advisers LP now owns 720,700 shares of the semiconductor company’s stock valued at $57,548,000 after purchasing an additional 373,400 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Camtek by 3,005.3% in the third quarter. The Manufacturers Life Insurance Company now owns 330,716 shares of the semiconductor company’s stock worth $26,408,000 after buying an additional 320,066 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in Camtek by 32.6% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,135,453 shares of the semiconductor company’s stock worth $91,711,000 after buying an additional 279,000 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd boosted its stake in 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 buying an additional 268,258 shares during the period. Hedge funds and other institutional investors own 41.93% of the company’s stock.

Camtek Stock Up 3.0 %

Shares of NASDAQ CAMT opened at $79.18 on Thursday. Camtek Ltd. has a 52-week low of $69.83 and a 52-week high of $140.50. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 1.89 and a beta of 1.34. The stock has a 50 day moving average price of $88.28 and a 200 day moving average price of $83.53. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.11 and a current ratio of 5.00.

Camtek (NASDAQ:CAMT) last issued its earnings results 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 return on equity of 24.99% and a net margin of 27.61%. Sell-side analysts expect that Camtek Ltd. will post 2.93 earnings per share for the current year.

Analyst Ratings Changes

CAMT has been the topic of several recent analyst reports. Cantor Fitzgerald started coverage on shares of Camtek in a research note on Monday, January 13th. They issued a “neutral” rating and a $100.00 target price on the stock. Northland Securities increased their price objective on shares of Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. StockNews.com upgraded Camtek from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Stifel Nicolaus reaffirmed a “buy” rating and set a $105.00 target price on shares of Camtek in a research note on Thursday, December 12th. Finally, 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. Two research 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $114.11.

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.