Insider Selling: Camtek (NASDAQ:CAMT) COO Sells $1,100,607.84 in Stock

Camtek Ltd. (NASDAQ:CAMT) COO Ram Langer sold 6,387 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $172.32, for a total transaction of $1,100,607.84. Following the completion of the sale, the chief operating officer directly owned 17,532 shares of the company’s stock, valued at $3,021,114.24. The trade was a 26.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Camtek Stock Performance

NASDAQ CAMT opened at $150.65 on Thursday. The company has a quick ratio of 6.58, a current ratio of 7.38 and a debt-to-equity ratio of 0.69. Camtek Ltd. has a 52-week low of $75.75 and a 52-week high of $215.99. The business’s 50-day moving average price is $157.61 and its 200 day moving average price is $164.05. The firm has a market cap of $7.03 billion, a P/E ratio of 235.39, a P/E/G ratio of 3.47 and a beta of 1.58.

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

Institutional Trading of Camtek

A number of institutional investors have recently modified their holdings of CAMT. EverSource Wealth Advisors LLC grew its holdings in Camtek by 46.8% during the first quarter. EverSource Wealth Advisors LLC now owns 298 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 95 shares during the period. Lifestyle Asset Management Inc. lifted its holdings in Camtek by 2.5% in the fourth quarter. Lifestyle Asset Management Inc. now owns 4,764 shares of the semiconductor company’s stock valued at $507,000 after acquiring an additional 115 shares during the period. NewEdge Advisors LLC boosted its position in shares of Camtek by 6.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,072 shares of the semiconductor company’s stock worth $314,000 after purchasing an additional 117 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Camtek by 0.4% during the 4th 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 in the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in shares of Camtek by 202.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 299 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 200 shares in the last quarter. 41.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Morgan Stanley decreased their price target on Camtek from $167.00 to $165.00 and set an “equal weight” rating for the company in a report on Tuesday, August 11th. Needham & Company LLC boosted their price objective on shares of Camtek from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Oppenheimer upped their price objective on shares of Camtek from $180.00 to $195.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Evercore restated an “outperform” rating and issued a $200.00 target price on shares of Camtek in a research note on Wednesday, May 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Camtek in a report on Tuesday, August 11th. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Camtek has an average rating of “Moderate Buy” and a consensus target price of $173.25.

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.