E Fund Management Co. Ltd. Purchases New Position in Camtek Ltd. (NASDAQ:CAMT)

E Fund Management Co. Ltd. acquired a new stake in Camtek Ltd. (NASDAQ:CAMT) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 8,627 shares of the semiconductor company’s stock, valued at approximately $599,000.

A number of other hedge funds have also recently added to or reduced their stakes in CAMT. Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Camtek by 275.5% during the third 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 in the last quarter. Vanguard Group Inc. raised its position 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 during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in Camtek by 8.9% in 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 last quarter. Federated Hermes Inc. boosted its stake in shares of Camtek by 9.7% during the fourth quarter. Federated Hermes Inc. now owns 762,649 shares of the semiconductor company’s stock valued at $52,913,000 after purchasing an additional 67,649 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Camtek during the third quarter worth about $21,162,000. Institutional investors and hedge funds own 41.93% of the company’s stock.

Camtek Stock Down 0.1 %

CAMT traded down $0.05 during midday trading on Wednesday, hitting $84.37. The company had a trading volume of 543,312 shares, compared to its average volume of 414,610. The stock’s 50 day moving average price is $80.69 and its 200 day moving average price is $72.96. Camtek Ltd. has a 52 week low of $25.70 and a 52 week high of $90.54. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of 52.08, a PEG ratio of 2.86 and a beta of 1.39. The company has a quick ratio of 4.77, a current ratio of 5.66 and a debt-to-equity ratio of 0.41.

Camtek (NASDAQ:CAMT) last issued its earnings results on Tuesday, February 20th. The semiconductor company reported $0.57 EPS for the quarter, beating 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 company had revenue of $88.70 million during the quarter, compared to the consensus estimate of $88.02 million. During the same period last year, the business posted $0.45 EPS. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, research analysts anticipate that Camtek Ltd. will post 2.12 earnings per share for the current fiscal year.

Camtek Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CAMT shares. Barclays raised their price target on shares of Camtek from $82.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, February 21st. B. Riley reaffirmed a “buy” rating and set a $102.00 target price on shares of Camtek in a research report on Tuesday, March 26th. Finally, Evercore ISI began coverage on Camtek in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $100.00 price target for the company. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Camtek presently has an average rating of “Moderate Buy” and an average price target of $74.75.

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.