Camtek (NASDAQ:CAMT) Trading 4.9% Higher – Time to Buy?

Camtek Ltd. (NASDAQ:CAMT)’s stock price rose 4.9% on Monday . The company traded as high as $173.97 and last traded at $173.4770. 57,171 shares traded hands during trading, a decline of 89% from the average session volume of 515,860 shares. The stock had previously closed at $165.38.

Analyst Ratings Changes

Several research analysts recently issued reports on CAMT shares. Oppenheimer lifted their target price on Camtek from $180.00 to $195.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Barclays upped their price objective on Camtek from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Northland Securities set a $174.00 price target on shares of Camtek in a research note on Wednesday, May 13th. Stifel Nicolaus set a $170.00 target price on Camtek in a report on Monday, August 10th. Finally, Evercore reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Camtek in a report on Wednesday, May 13th. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.25.

Camtek Stock Performance

The company has a market cap of $8.28 billion, a P/E ratio of 277.61, a price-to-earnings-growth ratio of 3.68 and a beta of 1.58. The company has a debt-to-equity ratio of 0.69, a quick ratio of 6.58 and a current ratio of 7.38. The business has a 50 day moving average price of $158.11 and a two-hundred day moving average price of $163.88.

Camtek (NASDAQ:CAMT) last issued its earnings results on Monday, August 10th. The semiconductor company reported $0.78 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $130.44 million. During the same quarter last year, the business earned $0.79 earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. On average, sell-side analysts anticipate that Camtek Ltd. will post 3.16 earnings per share for the current year.

Insider Activity at Camtek

In other Camtek news, Director Karni Yarl Andorn sold 3,176 shares of Camtek stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $164.40, for a total transaction of $522,134.40. Following the sale, the director directly owned 1,343 shares of the company’s stock, valued at approximately $220,789.20. The trade was a 70.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lior Aviram sold 3,347 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $162.99, for a total value of $545,527.53. Following the completion of the sale, the director directly owned 15,865 shares in the company, valued at approximately $2,585,836.35. The trade was a 17.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 26,335 shares of company stock valued at $4,425,349 over the last 90 days. Company insiders own 79.40% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Wasatch Advisors LP raised its holdings in Camtek by 14.7% in the third quarter. Wasatch Advisors LP now owns 4,020,683 shares of the semiconductor company’s stock worth $422,373,000 after buying an additional 513,956 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Camtek by 38.2% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,302,009 shares of the semiconductor company’s stock worth $349,008,000 after buying an additional 636,773 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Camtek by 12.0% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,318,396 shares of the semiconductor company’s stock valued at $140,205,000 after buying an additional 140,796 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Camtek by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 1,086,242 shares of the semiconductor company’s stock worth $116,615,000 after purchasing an additional 7,220 shares during the period. Finally, Y.D. More Investments Ltd increased its stake in Camtek by 20.8% in the 1st quarter. Y.D. More Investments Ltd now owns 783,365 shares of the semiconductor company’s stock worth $114,901,000 after buying an additional 134,791 shares in the last quarter. Hedge funds and other institutional investors own 41.93% of the company’s stock.

About Camtek

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.