Palisades Investment Partners LLC Trims Position in Camtek Ltd. $CAMT

Key Points

• Palisades Investment Partners LLC significantly reduced its stake in Camtek Ltd. by 90.7%, selling off 58,591 shares and leaving them with only 6,015 shares worth approximately $509,000.
• Camtek recently reported earnings per share of $0.79, meeting analyst expectations, with revenue of $123.32 million for the quarter, a 20.2% increase year-over-year.
• Analysts have mostly positive outlooks for Camtek, with several firms raising their target prices, and a consensus rating of "Moderate Buy" for the stock.

Palisades Investment Partners LLC trimmed its holdings in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 90.7% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 6,015 shares of the semiconductor company's stock after selling 58,591 shares during the period. Palisades Investment Partners LLC's holdings in Camtek were worth $509,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CAMT. Caitong International Asset Management Co. Ltd purchased a new position in Camtek during the first quarter worth about $31,000. Advisors Asset Management Inc. raised its holdings 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 in the last quarter. Petrus Trust Company LTA raised its holdings in 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 purchasing an additional 422 shares in the last quarter. Blue Trust Inc. raised its holdings 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 in the last quarter. Finally, State of Wyoming raised its holdings in Camtek by 111.0% during the first quarter. State of Wyoming now owns 4,264 shares of the semiconductor company's stock worth $250,000 after purchasing an additional 2,243 shares in the last quarter. 41.93% of the stock is owned by hedge funds and other institutional investors.

Camtek Trading Up 1.2%

Shares of CAMT opened at $104.63 on Friday. 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 50 day simple moving average of $88.95 and a 200-day simple moving average of $76.64. Camtek Ltd. has a 1-year low of $47.41 and a 1-year high of $110.73. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 38.33, a price-to-earnings-growth ratio of 2.72 and a beta of 1.35.

Camtek (NASDAQ:CAMT - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The semiconductor company reported $0.79 earnings per share 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 analysts' expectations of $121.57 million. During the same period last year, the company posted $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 analysts forecast that Camtek Ltd. will post 2.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Needham & Company LLC increased their price target on shares of Camtek from $80.00 to $98.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Jefferies Financial Group set a $105.00 target price on shares of Camtek and gave the company a "buy" rating in a report on Tuesday, August 5th. 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. Evercore ISI increased their target price on shares of Camtek from $82.00 to $100.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. Finally, Bank of America cut shares of Camtek from a "buy" rating to a "neutral" rating and set a $95.00 target price for the company. in a report on Wednesday, August 6th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Camtek has a consensus rating of "Moderate Buy" and a consensus price target of $96.10.

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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