Camtek Hits Record Revenue but Here's Why One Fund Still Cut $3 Million Amid a 30% Run

Core Insights - Camtek is a technology company focused on advanced inspection and metrology solutions for the semiconductor industry, supporting next-generation packaging and manufacturing processes [1] - The company reported record third-quarter revenue of $126 million, a 12% increase year over year, and expects full-year revenue of approximately $495 million, which is about 15% higher than last year's figures [5] Company Performance - Camtek's shares were priced at $109.14, reflecting a 30% increase over the past year, significantly outperforming the S&P 500, which rose about 15% in the same period [2] - The company has non-GAAP operating margins near 30%, indicating strong operational efficiency [5] Market Activity - First Wilshire Securities Management sold 81,598 shares of Camtek during the third quarter, reducing its stake to 206,424 shares valued at $21.68 million, representing a 1.94% shift in the fund's total reportable assets under management [3][4] - The reduction in stake is viewed as a rational risk management strategy rather than a loss of confidence in Camtek's performance [6] Growth Drivers - Demand for AI-driven advanced packaging is identified as the core growth engine for Camtek, contributing to its strong revenue performance [5] - The company is well-positioned as a key supplier to leading chip manufacturers globally, leveraging its proprietary hardware and software platforms for high-precision inspection capabilities [1]