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Investing.com - Jefferies raised its price target on Camtek (NASDAQ:CAMT) to $130 from $105 while maintaining a Buy rating on the semiconductor equipment maker’s stock. Currently trading at $110.57, CAMT has moved between $47.41 and $129.41 over the past 52 weeks, with analysts broadly sharing Jefferies’ optimism as reflected in their consensus "Strong Buy" recommendation.
The firm noted that Camtek’s quarterly results and guidance were relatively in line with expectations, though it highlighted an expected pullback in the first quarter, likely around 8% compared to the Street’s flat expectations.
Despite the projected Q1 weakness, Jefferies expects 2025 to remain a growth year for Camtek, with business returning in the second quarter and strong acceleration continuing into the second half of 2026.
Jefferies indicated that concerns about potential share loss at HBM (High Bandwidth Memory) customers should be alleviated by Camtek’s confirmation of its position as the "Tool of Reference" for HBM4 technology across all three memory vendors.
The price target increase reflects Jefferies’ confidence in Camtek’s market position in the growing HBM inspection equipment segment, despite near-term quarterly fluctuations.
In other recent news, Camtek Ltd reported its third-quarter 2025 earnings, exceeding market expectations. The company achieved an earnings per share (EPS) of $0.82, surpassing the forecasted $0.81. Revenue for the quarter reached $126 million, slightly higher than the anticipated $125.04 million. These results indicate a positive performance for Camtek in the recent quarter. Despite the earnings beat, Camtek’s stock experienced a decline due to broader market trends and investor sentiment. Investors may find the earnings and revenue figures encouraging, as they reflect Camtek’s ability to perform above expectations. No significant changes in analyst ratings were reported following the earnings release.
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