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Investing.com - Stifel raised its price target on Camtek (NASDAQ:CAMT) to $120.00 from $115.00 on Monday, maintaining a Buy rating following the company’s third-quarter results that exceeded expectations.
Camtek reported third-quarter results slightly above analyst and consensus estimates, with fourth-quarter guidance also coming in ahead of Stifel’s projections. The company continues to see approximately 45% of its revenue driven by high-performance computing (HPC) and artificial intelligence advanced packaging applications.
Growth in China, logic/outsourced semiconductor assembly and test (OSAT) markets, and Micron has helped offset broader weakness in Korea this year, likely related to Samsung, according to Stifel’s analysis. Camtek remains on track to grow revenue by approximately 15% in 2025, with management projecting continued growth in 2026.
Stifel noted that based on indications from HPC/AI packaging customers, metrology and inspection shipments appear to be weighted toward the second half of 2026, prompting the firm to lower its first-half 2026 estimates while modeling a strong recovery by the third quarter of that year.
Camtek management emphasized that its 3D metrology market share in HBM4 (high bandwidth memory) remains intact, with upgrades to its high-end Hawk metrology and inspection platform expected in early 2026.
In other recent news, Camtek Ltd reported its Q3 2025 earnings, which exceeded market expectations. The company achieved an earnings per share of $0.82, slightly surpassing the forecast of $0.81. Revenue for the quarter reached $126 million, marginally higher than the anticipated $125.04 million. Despite these positive financial results, Camtek’s stock experienced a decline due to broader market trends. Additionally, Jefferies raised its price target for Camtek to $130 from $105, while maintaining a Buy rating on the stock. The firm noted that Camtek’s quarterly results and guidance were largely in line with expectations. However, Jefferies highlighted an expected pullback in the first quarter, estimating a decrease of about 8% compared to the Street’s flat expectations. These developments provide investors with key insights into Camtek’s recent performance and future outlook.
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