Camtek (NASDAQ:CAMT) Director Sells $522,134.40 in Stock

Camtek Ltd. (NASDAQ:CAMT) Director Karni Yarl Andorn sold 3,176 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $164.40, for a total transaction of $522,134.40. Following the completion of 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 sale was disclosed in a document filed with the SEC, which is available through this link.

Karni Yarl Andorn also recently made the following trade(s):

• On Thursday, August 13th, Karni Yarl Andorn sold 2,356 shares of Camtek stock. The shares were sold at an average price of $172.35, for a total transaction of $406,056.60.

Camtek Price Performance

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

Camtek (NASDAQ:CAMT) last posted its quarterly earnings data on Monday, August 10th. The semiconductor company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $130.44 million. During the same quarter in the previous year, the firm posted $0.79 EPS. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, sell-side analysts predict that Camtek Ltd. will post 3.16 earnings per share for the current year.

Wall Street Analyst Weigh In

CAMT has been the subject of several recent research reports. Morgan Stanley cut their price target on Camtek from $167.00 to $165.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 11th. Weiss Ratings restated a “hold (c)” rating on shares of Camtek in a research note on Tuesday, August 11th. Evercore reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Camtek in a report on Wednesday, May 13th. Needham & Company LLC upped their target price on Camtek from $175.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Finally, Northland Securities set a $174.00 target price on Camtek in a report on Wednesday, May 13th. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $173.25.

Institutional Trading of Camtek

A number of institutional investors and hedge funds have recently made changes to their positions in CAMT. Public Employees Retirement System of Ohio bought a new position in Camtek in the second quarter valued at approximately $1,217,000. Compass Financial Management LLC acquired a new position in Camtek during the second quarter valued at approximately $57,000. Annex Advisory Services LLC lifted its stake in Camtek by 51.1% during the second quarter. Annex Advisory Services LLC now owns 15,272 shares of the semiconductor company’s stock worth $2,491,000 after purchasing an additional 5,167 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Camtek by 6.0% during 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 last quarter. Finally, Cim LLC boosted its holdings in shares of Camtek by 168.7% in the 1st quarter. Cim LLC now owns 15,536 shares of the semiconductor company’s stock valued at $2,355,000 after purchasing an additional 9,755 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.