Wellington Management Group LLP Buys 22,190 Shares of Camtek Ltd. $CAMT

Key Points

• Wellington Management Group LLP increased its stake in Camtek Ltd. by 14.9% during the 1st quarter, now holding 170,780 shares valued at approximately $10 million.
• Analysts have set new price targets for Camtek, with estimates ranging from $80.00 to $105.00, giving the stock an average target of $96.10 and a "Moderate Buy" rating.
• Camtek reported a 20.2% increase in revenue year-over-year, achieving earnings of $0.79 per share for the last quarter, consistent with analyst expectations.

Wellington Management Group LLP raised its holdings in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 14.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 170,780 shares of the semiconductor company's stock after buying an additional 22,190 shares during the quarter. Wellington Management Group LLP owned 0.37% of Camtek worth $10,013,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CAMT. Clal Insurance Enterprises Holdings Ltd grew its holdings in Camtek by 27.8% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,134,671 shares of the semiconductor company's stock valued at $123,622,000 after buying an additional 464,671 shares during the last quarter. Driehaus Capital Management LLC bought a new stake in shares of Camtek in the 4th quarter worth approximately $30,956,000. Phoenix Financial Ltd. lifted its position in shares of Camtek by 266.0% in the 1st quarter. Phoenix Financial Ltd. now owns 469,178 shares of the semiconductor company's stock worth $27,740,000 after acquiring an additional 341,000 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Camtek by 27.6% in 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 acquiring an additional 312,988 shares during the period. Finally, Noked Israel Ltd lifted its position in shares of Camtek by 132.8% during the 4th quarter. Noked Israel Ltd now owns 348,054 shares of the semiconductor company's stock worth $28,112,000 after buying an additional 198,554 shares during the period. Institutional investors and hedge funds own 41.93% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Northland Securities set a $105.00 target price on Camtek in a research report on Wednesday, May 14th. Oppenheimer started coverage on Camtek in a research report on Wednesday, July 2nd. They issued an "outperform" rating and a $100.00 price objective for the company. Zacks Research upgraded Camtek to a "hold" rating in a research report on Monday, August 11th. Evercore ISI lifted their price objective on Camtek from $82.00 to $100.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Finally, Bank of America cut Camtek from a "buy" rating to a "neutral" rating and set a $95.00 target price for the company. in a research note on Wednesday, August 6th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $96.10.

Camtek Stock Down 5.1%

Shares of CAMT stock traded down $4.25 on Tuesday, hitting $78.46. 598,902 shares of the stock were exchanged, compared to its average volume of 335,584. 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 firm has a market capitalization of $3.58 billion, a P/E ratio of 28.74, a price-to-earnings-growth ratio of 2.15 and a beta of 1.35. The business has a 50-day moving average of $88.16 and a 200 day moving average of $74.57. Camtek Ltd. has a fifty-two week low of $47.41 and a fifty-two week high of $110.73.

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

Camtek 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.