Bank of America Corp DE Sells 108,374 Shares of Camtek Ltd. $CAMT

Key Points

• Bank of America cut its Camtek stake by 38.1%, selling 108,374 shares and retaining 176,024 shares worth approximately $26.7 million. Other institutions, including Harel Insurance and Wasatch Advisors, increased their positions.
• Camtek reported quarterly results above expectations, with EPS of $0.78 versus $0.76 expected and revenue of $133.24 million, up 8% year over year. Analysts maintain a “Moderate Buy” consensus rating and an average price target of $173.25.
• Company insiders sold 8,166 shares worth approximately $1.33 million during the last quarter, while the stock trades at a high valuation of about 258 times earnings, creating potential downside risk if semiconductor growth expectations weaken.

Bank of America Corp DE lowered its holdings in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 38.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 176,024 shares of the semiconductor company's stock after selling 108,374 shares during the quarter. Bank of America Corp DE owned approximately 0.38% of Camtek worth $26,687,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. raised its position in Camtek by 38.2% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,302,009 shares of the semiconductor company's stock worth $349,008,000 after acquiring an additional 636,773 shares during the period. Wasatch Advisors LP increased its position in Camtek by 18.6% in the second quarter. Wasatch Advisors LP now owns 3,506,727 shares of the semiconductor company's stock worth $296,529,000 after buying an additional 550,072 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Camtek in the fourth quarter worth about $57,772,000. Millennium Management LLC increased its holdings in Camtek by 169.8% in the 3rd quarter. Millennium Management LLC now owns 479,053 shares of the semiconductor company's stock worth $50,325,000 after acquiring an additional 301,484 shares in the last quarter. Finally, Nuveen LLC raised its stake in Camtek by 723.2% during the 4th quarter. Nuveen LLC now owns 183,859 shares of the semiconductor company's stock worth $19,758,000 after acquiring an additional 161,524 shares during the period. Institutional investors own 41.93% of the company's stock.

Insider Activity at Camtek

In other news, CFO Moshe Eisenberg sold 3,759 shares of the business's stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $160.06, for a total transaction of $601,665.54. Following the completion of the sale, the chief financial officer directly owned 16,884 shares of the company's stock, valued at approximately $2,702,453.04. The trade was a 18.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Orit Geva-Dvash sold 415 shares of the firm's stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $174.06, for a total transaction of $72,234.90. Following the completion of the transaction, the vice president directly owned 5,713 shares in the company, valued at $994,404.78. This represents a 6.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 8,166 shares of company stock worth $1,330,800 in the last quarter. 79.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CAMT. Evercore reissued an "outperform" rating and issued a $200.00 price objective on shares of Camtek in a research note on Wednesday, May 13th. Northland Securities set a $174.00 target price on shares of Camtek in a research note on Wednesday, May 13th. Morgan Stanley dropped their target price on shares of Camtek from $167.00 to $165.00 and set an "equal weight" rating for the company in a report on Tuesday, August 11th. Oppenheimer increased their price target on Camtek from $180.00 to $195.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 13th. Finally, Barclays raised their price target on Camtek from $175.00 to $185.00 and gave the company an "overweight" rating in a report on Wednesday, May 13th. Seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Camtek currently has an average rating of "Moderate Buy" and a consensus price target of $173.25.

Camtek News Summary

Here are the key news stories impacting Camtek this week:

• Positive Sentiment: Wall Street analysts remain broadly constructive on Camtek. The stock carries a consensus “Moderate Buy” rating, with seven Buy ratings and seven Holds; the average price target is approximately $173.25, while some analysts maintain targets as high as $200. Wall Street Bulls Look Optimistic About Camtek
• Positive Sentiment: Semiconductor-equipment stocks, including CAMT, benefited from SanDisk’s bullish financial targets. The update reinforced expectations for memory demand, AI infrastructure investment and broader semiconductor capital spending—potential tailwinds for Camtek’s inspection and metrology systems. Lam Research, Applied Materials, and Camtek Rise After SanDisk Issues Bullish Financial Targets
• Positive Sentiment: Camtek’s latest quarterly results exceeded expectations: EPS was $0.78 versus the $0.76 consensus, while revenue reached $133.24 million versus estimates of $130.44 million. Revenue increased 8% year over year, supporting the company’s growth outlook.
• Neutral Sentiment: Institutional ownership data showed additional buying by several investors, including Vanguard, Migdal Insurance and Y.D. More Investments. Institutions and hedge funds own approximately 41.9% of CAMT, providing some shareholder support but not necessarily an immediate trading catalyst.
• Negative Sentiment: Multiple insiders sold shares in recent transactions. CFO Moshe Eisenberg sold approximately $713,000 across two trades, Director Lior Aviram sold about $545,500, and VP Orit Geva-Dvash sold roughly $72,200. Although each retained shares, the concentrated selling may weigh on sentiment and raise near-term caution. Camtek Insider Selling Report
• Negative Sentiment: CAMT remains richly valued, trading at a price-to-earnings ratio above 250 and a PEG ratio near 3.9. That valuation leaves the stock vulnerable to profit-taking or a sharper reaction if semiconductor growth expectations weaken.

Camtek Stock Performance

Camtek stock opened at $165.38 on Monday. The company's 50-day moving average price is $158.11 and its 200-day moving average price is $163.88. The company has a quick ratio of 6.58, a current ratio of 7.38 and a debt-to-equity ratio of 0.69. The company has a market cap of $7.72 billion, a PE ratio of 258.41, a price-to-earnings-growth ratio of 3.68 and a beta of 1.58. Camtek Ltd. has a twelve month low of $75.75 and a twelve month high of $215.99.

Camtek (NASDAQ:CAMT - Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The semiconductor company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.02. The company had revenue of $133.24 million for the quarter, compared to analysts' expectations of $130.44 million. Camtek had a return on equity of 21.58% and a net margin of 7.40%.The firm's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.79 earnings per share. On average, equities research analysts forecast that Camtek Ltd. will post 3.16 EPS for the current fiscal year.

About Camtek

Camtek Ltd. NASDAQ: CAMT is a provider of automated inspection and metrology solutions for the semiconductor and printed circuit board (PCB) industries. The company develops, manufactures and markets a suite of inline and stand-alone systems that perform high‐resolution 2D and 3D measurements, defect review and process control. Its products are used by integrated device manufacturers, foundries, OSAT (outsourced semiconductor assembly and test) providers, and PCB fabricators to optimize yield, improve product quality and reduce production costs.

Camtek's core offerings include wafer inspection systems that detect and classify defects on patterned wafers, patterned wafer metrology tools for overlay and critical dimension measurements, and advanced packaging inspection platforms for 3D ICs and fan-out wafer-level packaging.

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