Meitav Investment House Ltd. Reduces Holdings in Camtek Ltd. $CAMT

Key Points

• Meitav Investment House Ltd. has reduced its holdings in Camtek Ltd. by 9.6%, now owning 850,180 shares, which represent 1.1% of its investment portfolio.
• Multiple hedge funds, including UBS AM and Phoenix Financial, significantly increased their positions in Camtek, indicating continued institutional interest in the semiconductor company.
• Analysts have a consensus rating of "Moderate Buy" for Camtek, with an average price target of $96.10, reflecting positive outlook for the company's stock.

Meitav Investment House Ltd. trimmed its stake in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 9.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 850,180 shares of the semiconductor company's stock after selling 90,443 shares during the period. Camtek makes up 1.1% of Meitav Investment House Ltd.'s investment portfolio, making the stock its 25th largest holding. Meitav Investment House Ltd. owned about 1.86% of Camtek worth $72,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of CAMT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Camtek by 110.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,015,307 shares of the semiconductor company's stock valued at $59,527,000 after buying an additional 532,944 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its stake in Camtek by 27.8% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,134,671 shares of the semiconductor company's stock worth $123,622,000 after purchasing an additional 464,671 shares during the period. Phoenix Financial Ltd. boosted its stake in Camtek by 266.0% during the 1st quarter. Phoenix Financial Ltd. now owns 469,178 shares of the semiconductor company's stock worth $27,740,000 after purchasing an additional 341,000 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Camtek by 27.6% during the 1st 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 during the period. Finally, First Wilshire Securities Management Inc. lifted its stake in shares of Camtek by 1,525.1% in the 1st quarter. First Wilshire Securities Management Inc. now owns 194,802 shares of the semiconductor company's stock worth $11,421,000 after acquiring an additional 182,815 shares during the period. 41.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on CAMT. Stifel Nicolaus raised their price objective on shares of Camtek from $84.00 to $98.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Weiss Ratings reiterated a "hold (c)" rating on shares of Camtek in a research note on Saturday, September 27th. Oppenheimer started coverage on shares of Camtek in a research note on Wednesday, July 2nd. They issued an "outperform" rating and a $100.00 price objective for the company. Zacks Research upgraded shares of Camtek to a "hold" rating in a report on Monday, August 11th. Finally, Cantor Fitzgerald set a $80.00 target price on shares of Camtek and gave the stock a "neutral" rating in a research report on Tuesday, June 24th. Eight research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $96.10.

Camtek Trading Up 3.0%

NASDAQ CAMT opened at $116.68 on Tuesday. The company has a current ratio of 5.41, a quick ratio of 4.38 and a debt-to-equity ratio of 0.32. The company's fifty day simple moving average is $90.97 and its 200-day simple moving average is $78.66. The stock has a market cap of $5.32 billion, a P/E ratio of 42.74, a PEG ratio of 2.94 and a beta of 1.39. Camtek Ltd. has a 52 week low of $47.41 and a 52 week high of $119.26.

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

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