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Camtek (CAMT) Is Up 11.2% After New Coverage And Lower Short Interest Has The Bull Case Changed?

Simply Wall St · 2d ago
  • Morgan Stanley recently initiated coverage on Camtek with an Equal-Weight rating and a US$110.00 price objective, while multiple other firms have reiterated positive views on the company.
  • At the same time, a meaningful reduction in short interest suggests a shift toward more optimistic investor positioning around Camtek’s outlook and risk profile.
  • Against this backdrop of fresh analyst coverage and easing short interest, we’ll explore how these developments influence Camtek’s investment narrative.

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Camtek Investment Narrative Recap

To own Camtek, you need to believe that demand for advanced packaging and AI‑related semiconductor inspection will keep expanding, and that Camtek can preserve its technology edge despite rising competition and cyclical swings. The new Morgan Stanley coverage and softer short interest may support sentiment, but they do not materially change the near term dependence on a handful of high performance computing customers or the cyclicality of semiconductor equipment spending.

The most relevant recent development here is the sharp drop in short interest as a percent of float, even though it remains above peers at 14.57% versus 8.34%. That shift lines up with analysts’ generally positive stance and reinforces the idea that investors are watching Camtek’s execution in advanced packaging tools as a key catalyst, while still keeping an eye on valuation and earnings volatility.

Yet investors should not overlook how concentrated Camtek’s revenue is in Asia and what that could mean if...

Read the full narrative on Camtek (it's free!)

Camtek's narrative projects $679.8 million revenue and $183.6 million earnings by 2028. This requires 13.0% yearly revenue growth and a $49.8 million earnings increase from $133.8 million today.

Uncover how Camtek's forecasts yield a $125.60 fair value, a 7% upside to its current price.

Exploring Other Perspectives

CAMT Earnings & Revenue Growth as at Dec 2025
CAMT Earnings & Revenue Growth as at Dec 2025

Five fair value estimates from the Simply Wall St Community span roughly US$37.63 to US$125.60, showing how far apart individual views on Camtek run. Set against that wide range, the dependence on a small group of high performance computing customers reminds you why it can pay to compare several different scenarios for the business before committing capital.

Explore 5 other fair value estimates on Camtek - why the stock might be worth as much as 7% more than the current price!

Build Your Own Camtek Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

  • A great starting point for your Camtek research is our analysis highlighting 1 key reward and 2 important warning signs that could impact your investment decision.
  • Our free Camtek research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Camtek's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.