Fred Alger Management LLC Makes New Investment in Camtek Ltd. $CAMT

Key Points

• Fred Alger Management LLC acquired a new stake in Camtek Ltd., purchasing 7,729 shares valued at approximately $453,000.
• The company has received positive analyst ratings, with a consensus price target of $96.10 and eight analysts rating it as a "Buy."
• Camtek reported earnings of $0.79 EPS for the last quarter, meeting analysts' expectations and showing a 20.2% increase in revenue year-over-year.

Fred Alger Management LLC bought a new position in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,729 shares of the semiconductor company's stock, valued at approximately $453,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Cetera Investment Advisers lifted its holdings in shares of Camtek by 3.3% during the 4th quarter. Cetera Investment Advisers now owns 5,288 shares of the semiconductor company's stock worth $427,000 after acquiring an additional 171 shares during the period. Advisors Asset Management Inc. increased its position in Camtek by 61.6% during the first quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company's stock worth $45,000 after purchasing an additional 293 shares during the last quarter. Blue Trust Inc. raised its stake in Camtek by 9.0% during the first quarter. Blue Trust Inc. now owns 4,237 shares of the semiconductor company's stock worth $248,000 after purchasing an additional 351 shares during the period. Petrus Trust Company LTA boosted its holdings in shares of Camtek by 12.9% in the 1st quarter. Petrus Trust Company LTA now owns 3,706 shares of the semiconductor company's stock valued at $217,000 after purchasing an additional 422 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Camtek by 4.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 11,609 shares of the semiconductor company's stock valued at $681,000 after purchasing an additional 457 shares during the last quarter. Hedge funds and other institutional investors own 41.93% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Zacks Research upgraded Camtek to a "hold" rating in a report on Monday, August 11th. Bank of America downgraded Camtek from a "buy" rating to a "neutral" rating and set a $95.00 price target for the company. in a research report on Wednesday, August 6th. Needham & Company LLC raised their price objective on Camtek from $80.00 to $98.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Cantor Fitzgerald set a $80.00 price objective on Camtek and gave the company a "neutral" rating in a research note on Tuesday, June 24th. Finally, Stifel Nicolaus increased their target price on shares of Camtek from $84.00 to $98.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Camtek has an average rating of "Moderate Buy" and an average target price of $96.10.

Camtek Stock Down 2.1%

Camtek stock traded down $1.81 during midday trading on Tuesday, hitting $85.84. 531,576 shares of the stock were exchanged, compared to its average volume of 370,088. Camtek Ltd. has a 1 year low of $47.41 and a 1 year high of $110.73. The company has a debt-to-equity ratio of 0.32, a current ratio of 5.41 and a quick ratio of 4.38. The firm has a market cap of $3.91 billion, a P/E ratio of 31.44, a P/E/G ratio of 2.28 and a beta of 1.35. The company has a 50 day moving average price of $87.30 and a two-hundred day moving average price of $74.77.

Camtek (NASDAQ:CAMT - Get Free Report) last announced its earnings results on Tuesday, August 5th. The semiconductor company reported $0.79 earnings per share for the quarter, meeting the consensus estimate of $0.79. Camtek had a return on equity of 23.95% and a net margin of 28.36%.The company had revenue of $123.32 million during the quarter, compared to the consensus estimate of $121.57 million. During the same period last year, the firm earned $0.66 earnings per share. The company's revenue was up 20.2% on a year-over-year basis. Camtek has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that Camtek Ltd. will post 2.93 earnings per share for the current fiscal year.

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.