Deutsche Bank AG Sells 52,103 Shares of Camtek Ltd. $CAMT

Key Points

• Deutsche Bank AG has reduced its position in Camtek Ltd. by 32.2%, owning 109,746 shares after selling 52,103 during the first quarter of the year.
• Multiple hedge funds, including Cetera Investment Advisers and Blue Trust Inc., have adjusted their stakes in Camtek, with a combined 41.93% of the stock now owned by institutional investors.
• A recent report indicates that Camtek's earnings per share for the last quarter met expectations at $0.79, with a 20.2% increase in revenue year-over-year.

Deutsche Bank AG decreased its stake in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 32.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 109,746 shares of the semiconductor company's stock after selling 52,103 shares during the period. Deutsche Bank AG owned about 0.24% of Camtek worth $6,434,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in Camtek by 25.4% during the fourth quarter. Royal Bank of Canada now owns 206,927 shares of the semiconductor company's stock valued at $16,714,000 after purchasing an additional 41,865 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in Camtek during the first quarter valued at approximately $1,101,000. Ameriprise Financial Inc. increased its holdings in Camtek by 16.9% during the fourth quarter. Ameriprise Financial Inc. now owns 25,129 shares of the semiconductor company's stock valued at $2,030,000 after buying an additional 3,635 shares during the last quarter. Cetera Investment Advisers increased its holdings in Camtek by 3.3% during the fourth quarter. Cetera Investment Advisers now owns 5,288 shares of the semiconductor company's stock valued at $427,000 after buying an additional 171 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in Camtek during the first quarter valued at approximately $1,055,000. Institutional investors own 41.93% of the company's stock.

Camtek Price Performance

Shares of NASDAQ CAMT traded down $0.68 during midday trading on Thursday, reaching $81.74. The stock had a trading volume of 244,310 shares, compared to its average volume of 398,959. The stock has a 50-day moving average of $86.80 and a 200-day moving average of $74.95. The company has a debt-to-equity ratio of 0.32, a quick ratio of 4.38 and a current ratio of 5.41. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 29.94, a price-to-earnings-growth ratio of 2.14 and a beta of 1.31. Camtek Ltd. has a 12-month low of $47.41 and a 12-month high of $110.73.

Camtek (NASDAQ:CAMT - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.79. The firm had revenue of $123.32 million during the quarter, compared to analysts' expectations of $121.57 million. Camtek had a net margin of 28.36% and a return on equity of 23.95%. The company's revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.66 earnings per share. Camtek has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Camtek Ltd. will post 2.93 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on CAMT shares. Needham & Company LLC upped their target price on shares of Camtek from $80.00 to $98.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Evercore ISI upped their target price on shares of Camtek from $82.00 to $100.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. Stifel Nicolaus upped their target price on shares of Camtek from $84.00 to $98.00 and gave the company a "buy" rating in a report on Monday, July 7th. Northland Securities set a $105.00 target price on shares of Camtek in a report on Wednesday, May 14th. Finally, Bank of America cut shares of Camtek from a "buy" rating to a "neutral" rating and set a $95.00 target price for the company. in a report on Wednesday, August 6th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $96.10.

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.