Needham Investment Management LLC bought a new position in Camtek Ltd. (NASDAQ:CAMT - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 47,500 shares of the semiconductor company's stock, valued at approximately $2,785,000. Needham Investment Management LLC owned 0.10% of Camtek at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Cetera Investment Advisers lifted its position in Camtek by 3.3% in the fourth quarter. Cetera Investment Advisers now owns 5,288 shares of the semiconductor company's stock worth $427,000 after purchasing an additional 171 shares during the period. Advisors Asset Management Inc. lifted its position in Camtek by 61.6% in 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 period. Blue Trust Inc. lifted its position in Camtek by 9.0% in 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. Envestnet Asset Management Inc. lifted its position in Camtek by 4.1% in the first quarter. Envestnet Asset Management Inc. now owns 11,609 shares of the semiconductor company's stock worth $681,000 after purchasing an additional 457 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Camtek in the first quarter worth approximately $31,000. 41.93% of the stock is currently owned by institutional investors and hedge funds.
Camtek Stock Down 1.8%
NASDAQ:CAMT traded down $1.52 during trading hours on Wednesday, hitting $81.21. 195,187 shares of the stock traded hands, compared to its average volume of 454,155. The firm has a 50 day moving average price of $87.77 and a 200 day moving average price of $74.48. The company has a current ratio of 5.41, a quick ratio of 4.38 and a debt-to-equity ratio of 0.32. Camtek Ltd. has a fifty-two week low of $47.41 and a fifty-two week high of $110.73. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 29.75, a PEG ratio of 2.11 and a beta of 1.35.
Camtek (NASDAQ:CAMT - Get Free Report) last announced its earnings results on Tuesday, August 5th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.79. Camtek had a net margin of 28.36% and a return on equity of 23.95%. The company had revenue of $123.32 million for the quarter, compared to the consensus estimate of $121.57 million. During the same period in the previous year, the business earned $0.66 EPS. The company's revenue was up 20.2% on a year-over-year basis. Camtek has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that Camtek Ltd. will post 2.93 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the company. Jefferies Financial Group set a $105.00 target price on Camtek and gave the stock a "buy" rating in a research report on Tuesday, August 5th. B. Riley upped their price target on Camtek from $85.00 to $95.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Oppenheimer started coverage on Camtek in a report on Wednesday, July 2nd. They issued an "outperform" rating and a $100.00 price target on the stock. Needham & Company LLC upped their price target on Camtek from $80.00 to $98.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Finally, Evercore ISI upped their price target on Camtek from $82.00 to $100.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $96.10.
Read Our Latest Analysis on Camtek
About Camtek
(
Free Report)
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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