ARK Investment Management LLC Increases Stake in Camtek Ltd. (NASDAQ:CAMT)

ARK Investment Management LLC grew its holdings in Camtek Ltd. (NASDAQ:CAMT) by 20.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,855 shares of the semiconductor company’s stock after acquiring an additional 3,685 shares during the period. ARK Investment Management LLC’s holdings in Camtek were worth $1,765,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CAMT. Meitav Investment House Ltd. increased its stake in shares of 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 purchasing an additional 46,016 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd grew its holdings 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 valued at $121,734,000 after purchasing an additional 268,258 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its position in Camtek by 7.5% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 856,453 shares of the semiconductor company’s stock worth $68,388,000 after buying an additional 60,088 shares in the last quarter. Blueshift Asset Management LLC bought a new position in shares of Camtek in the third quarter worth about $624,000. Finally, Point72 Hong Kong Ltd lifted its position in shares of 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 buying an additional 60,059 shares in the last quarter. Hedge funds and other institutional investors own 41.93% of the company’s stock.

Camtek Stock Up 3.0 %

Shares of CAMT stock opened at $79.18 on Thursday. The company’s fifty day simple moving average is $88.28 and its two-hundred day simple moving average is $83.53. Camtek Ltd. has a 52 week low of $69.83 and a 52 week high of $140.50. The stock has a market cap of $3.59 billion, a P/E ratio of 32.72, a PEG ratio of 1.89 and a beta of 1.34. The company has a quick ratio of 4.11, a current ratio of 5.00 and a debt-to-equity ratio of 0.36.

Camtek (NASDAQ:CAMT) last posted its earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). Camtek had a return on equity of 24.99% and a net margin of 27.61%. Analysts predict that Camtek Ltd. will post 2.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CAMT shares. StockNews.com upgraded Camtek from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Stifel Nicolaus reissued a “buy” rating and issued a $105.00 price objective on shares of Camtek in a research note on Thursday, December 12th. 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 objective on the stock. Barclays dropped 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, Northland Securities raised their price target on Camtek from $102.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Camtek currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.11.

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.