Camtek (NASDAQ:CAMT) CEO Sells 6,250 Shares

Camtek Ltd. (NASDAQ:CAMT) CEO Rafi Amit sold 6,250 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $170.52, for a total transaction of $1,065,750.00. Following the transaction, the chief executive officer directly owned 55,350 shares of the company’s stock, valued at approximately $9,438,282. This represents a 10.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Camtek Stock Performance

CAMT stock opened at $165.38 on Monday. The business has a fifty day simple moving average of $158.11 and a 200-day simple moving average of $163.88. Camtek Ltd. has a 52 week low of $75.75 and a 52 week high of $215.99. The company has a quick ratio of 6.58, a current ratio of 7.38 and a debt-to-equity ratio of 0.69. The company has a market cap of $7.72 billion, a price-to-earnings ratio of 258.41, a PEG ratio of 3.68 and a beta of 1.58.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings results on Monday, August 10th. The semiconductor company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.76 by $0.02. Camtek had a net margin of 7.40% and a return on equity of 21.58%. The firm had revenue of $133.24 million for the quarter, compared to analyst estimates of $130.44 million. During the same quarter last year, the firm posted $0.79 earnings per share. Camtek’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, equities research analysts expect that Camtek Ltd. will post 3.16 EPS for the current year.

Analysts Set New Price Targets

CAMT has been the subject of several research reports. Jefferies Financial Group lifted their target price on Camtek from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Evercore reissued an “outperform” rating and set a $200.00 price target on shares of Camtek in a report on Wednesday, May 13th. B. Riley Financial reaffirmed a “buy” rating on shares of Camtek in a report on Monday, April 20th. Oppenheimer lifted their price objective on shares of Camtek from $180.00 to $195.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Finally, Morgan Stanley reduced their target price on shares of Camtek from $167.00 to $165.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 11th. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $173.25.

Institutional Trading of Camtek

Several hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its stake in shares of Camtek by 46.8% in the first quarter. EverSource Wealth Advisors LLC now owns 298 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 95 shares in the last quarter. Lifestyle Asset Management Inc. raised its stake in shares of Camtek by 2.5% during the fourth quarter. Lifestyle Asset Management Inc. now owns 4,764 shares of the semiconductor company’s stock valued at $507,000 after purchasing an additional 115 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in Camtek by 6.0% in the first quarter. NewEdge Advisors LLC now owns 2,072 shares of the semiconductor company’s stock worth $314,000 after purchasing an additional 117 shares during the period. Geode Capital Management LLC lifted its holdings in Camtek by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 39,576 shares of the semiconductor company’s stock worth $4,209,000 after purchasing an additional 162 shares during the period. Finally, Daiwa Securities Group Inc. grew its position in Camtek by 202.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 299 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 200 shares in the last quarter. Institutional investors own 41.93% of the company’s stock.

Camtek Company Profile

Camtek Ltd. (NASDAQ: CAMT) is a provider of automated inspection and metrology solutions for the semiconductor and printed circuit board (PCB) industries. The company develops, manufactures and markets a suite of inline and stand-alone systems that perform high?resolution 2D and 3D measurements, defect review and process control. Its products are used by integrated device manufacturers, foundries, OSAT (outsourced semiconductor assembly and test) providers, and PCB fabricators to optimize yield, improve product quality and reduce production costs.

Camtek’s core offerings include wafer inspection systems that detect and classify defects on patterned wafers, patterned wafer metrology tools for overlay and critical dimension measurements, and advanced packaging inspection platforms for 3D ICs and fan-out wafer-level packaging.