5 Beaten-Down Asian Stocks to Buy Today

3. Camtek Ltd. (NASDAQ:CAMT)

Number of Hedge Fund Holders: 16

YTD Share Price Decline as of June 9: 42.72%

Camtek Ltd. (NASDAQ:CAMT) is an Israel-based company that manufactures inspection and metrology equipment for the semiconductor industry. On May 12, Camtek Ltd. (NASDAQ:CAMT) reported its first quarter results, posting an EPS of $0.44 and a revenue of $77.17 million, above consensus by $0.01 and $664,780, respectively. 

Riley analyst Craig Ellis on May 13 reiterated a Buy rating on Camtek Ltd. (NASDAQ:CAMT) but lowered the price target on the stock to $34 from $45 after the Q1 results. The analyst believes that the company is performing well, supported by solid advanced packaging secular tailwinds. 

According to Insider Monkey’s database, 16 hedge funds were bullish on Camtek Ltd. (NASDAQ:CAMT) at the end of Q1 2022, compared to 15 funds in the preceding quarter. Israel Englander’s Millennium Management is one of the leading stakeholders of the company, with 499,181 shares worth $15.20 million.