Fred Alger Management LLC Purchases Shares of 7,729 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 purchased a new stake in 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 purchased 7,729 shares of the semiconductor company's stock, valued at approximately $453,000.

Several other hedge funds also recently added to or reduced their stakes in CAMT. Caitong International Asset Management Co. Ltd purchased a new position in Camtek in the first quarter valued at approximately $31,000. Advisors Asset Management Inc. grew its position in shares of 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 acquiring an additional 293 shares during the last quarter. State of Wyoming grew its position in shares of Camtek by 146.2% during the fourth quarter. State of Wyoming now owns 2,021 shares of the semiconductor company's stock worth $163,000 after acquiring an additional 1,200 shares during the last quarter. Petrus Trust Company LTA grew its position in shares of Camtek by 12.9% during the first quarter. Petrus Trust Company LTA now owns 3,706 shares of the semiconductor company's stock worth $217,000 after acquiring an additional 422 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Camtek by 9.0% in the 1st quarter. Blue Trust Inc. now owns 4,237 shares of the semiconductor company's stock valued at $248,000 after buying an additional 351 shares during the last quarter. 41.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CAMT has been the topic of a number of analyst reports. Oppenheimer initiated coverage on shares of Camtek in a research report on Wednesday, July 2nd. They issued an "outperform" rating and a $100.00 price objective on the stock. Cantor Fitzgerald set a $80.00 price objective on shares of Camtek and gave the company a "neutral" rating in a research report on Tuesday, June 24th. Stifel Nicolaus lifted their price objective on shares of Camtek from $84.00 to $98.00 and gave the company a "buy" rating in a research report on Monday, July 7th. B. Riley lifted their price objective on shares of Camtek from $85.00 to $95.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Finally, Needham & Company LLC lifted their price objective on shares of Camtek from $80.00 to $98.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $96.10.

Camtek Price Performance

Camtek stock opened at $81.21 on Thursday. Camtek Ltd. has a one year low of $47.41 and a one year high of $110.73. 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 business has a fifty day moving average of $87.64 and a two-hundred day moving average of $74.53. The company has a market cap of $3.70 billion, a P/E ratio of 29.75, a price-to-earnings-growth ratio of 2.15 and a beta of 1.35.

Camtek (NASDAQ:CAMT - Get Free Report) last released its earnings results on Tuesday, August 5th. The semiconductor company reported $0.79 EPS for the quarter, meeting analysts' consensus estimates 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 quarter last year, the company earned $0.66 earnings per share. Camtek's quarterly revenue was up 20.2% compared to the same quarter last year. Camtek has set its Q3 2025 guidance at EPS. As a group, analysts predict that Camtek Ltd. will post 2.93 earnings per share for the current fiscal year.

About Camtek

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.

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