Camtek Ltd. (NASDAQ:CAMT) Shares Sold by Federated Hermes Inc.

Key Points

• Federated Hermes Inc. decreased its stake in Camtek Ltd. by 5.1%, now holding 610,000 shares valued at $35.76 million, following a sale of 32,528 shares.
• Multiple institutional investors, including Huntington National Bank and TD Asset Management Inc, have increased their stakes in Camtek, indicating growing interest from the investment community.
• Analysts have varying price targets for Camtek, with a consensus rating of "Moderate Buy" and an average target price of $89.00, reflecting optimism about the company's future performance.

Federated Hermes Inc. reduced its position in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 5.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 610,000 shares of the semiconductor company's stock after selling 32,528 shares during the period. Federated Hermes Inc. owned approximately 1.34% of Camtek worth $35,764,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Menora Mivtachim Holdings LTD. raised its holdings in Camtek by 81.8% during the fourth quarter. Menora Mivtachim Holdings LTD. now owns 1,566,433 shares of the semiconductor company's stock worth $126,521,000 after purchasing an additional 705,000 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Camtek by 27.6% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,448,441 shares of the semiconductor company's stock worth $84,922,000 after purchasing an additional 312,988 shares in the last quarter. Wasatch Advisors LP raised its holdings in Camtek by 311.8% during the fourth quarter. Wasatch Advisors LP now owns 1,192,784 shares of the semiconductor company's stock worth $96,341,000 after purchasing an additional 903,126 shares in the last quarter. Vanguard Group Inc. raised its holdings in Camtek by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 983,986 shares of the semiconductor company's stock worth $80,028,000 after purchasing an additional 14,702 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its holdings in Camtek by 1.7% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 980,074 shares of the semiconductor company's stock worth $57,462,000 after purchasing an additional 16,200 shares in the last quarter. 41.93% of the stock is owned by hedge funds and other institutional investors.

Camtek Trading Up 1.4%

Shares of CAMT traded up $1.35 during mid-day trading on Friday, reaching $95.50. The company had a trading volume of 488,703 shares, compared to its average volume of 331,901. The stock has a market cap of $4.35 billion, a price-to-earnings ratio of 36.59, a price-to-earnings-growth ratio of 2.57 and a beta of 1.31. The firm has a fifty day simple moving average of $82.59 and a 200-day simple moving average of $76.04. Camtek Ltd. has a fifty-two week low of $47.41 and a fifty-two week high of $110.73. The company has a current ratio of 5.28, a quick ratio of 4.27 and a debt-to-equity ratio of 0.34.

Camtek (NASDAQ:CAMT - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The semiconductor company reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.02. Camtek had a net margin of 28.40% and a return on equity of 24.57%. The company had revenue of $118.64 million for the quarter, compared to analyst estimates of $119.00 million. During the same quarter last year, the business earned $0.63 EPS. Camtek's revenue for the quarter was up 22.3% on a year-over-year basis. On average, sell-side analysts anticipate that Camtek Ltd. will post 2.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Northland Securities set a $105.00 price target on shares of Camtek in a report on Wednesday, May 14th. Stifel Nicolaus increased 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. Wall Street Zen raised shares of Camtek from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Bank of America dropped their target price on shares of Camtek from $105.00 to $80.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Finally, Evercore ISI dropped their target price on shares of Camtek from $100.00 to $82.00 and set an "outperform" rating for the company in a report on Wednesday, May 14th. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $89.00.

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.