Camtek (NASDAQ:CAMT) VP Sells 415 Shares

Camtek Ltd. (NASDAQ:CAMT) VP Orit Geva-Dvash sold 415 shares of Camtek stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $174.06, for a total transaction of $72,234.90. Following the completion of the transaction, the vice president directly owned 5,713 shares of the company’s stock, valued at approximately $994,404.78. This trade represents a 6.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Camtek Stock Performance

NASDAQ:CAMT traded up $0.81 on Thursday, hitting $175.01. The company’s stock had a trading volume of 67,503 shares, compared to its average volume of 517,052. Camtek Ltd. has a one year low of $75.75 and a one year high of $215.99. The firm has a market capitalization of $8.17 billion, a P/E ratio of 273.45, a price-to-earnings-growth ratio of 3.66 and a beta of 1.58. The stock has a fifty day moving average of $158.26 and a two-hundred day moving average of $163.51. The company has a current ratio of 8.35, a quick ratio of 7.46 and a debt-to-equity ratio of 0.71.

Camtek (NASDAQ:CAMT) last announced 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 22.31% and a net margin of 7.40%.The business had revenue of $133.24 million during the quarter, compared to the consensus estimate of $130.44 million. During the same quarter last year, the firm posted $0.79 EPS. The company’s quarterly revenue was up 8.0% on a year-over-year basis. Research analysts predict that Camtek Ltd. will post 3.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

CAMT has been the topic of several research analyst reports. Barclays increased their price target on shares of Camtek from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Camtek in a research report on Tuesday. Northland Securities set a $174.00 target price on Camtek in a research note on Wednesday, May 13th. Stifel Nicolaus set a $170.00 price target on Camtek in a research note on Monday. Finally, B. Riley Financial reiterated a “buy” rating on shares of Camtek in a research report on Monday, April 20th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Camtek currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.25.

Hedge Funds Weigh In On Camtek

A number of institutional investors have recently modified their holdings of CAMT. Raiffeisen Bank International AG boosted its stake in Camtek by 26.3% in the fourth quarter. Raiffeisen Bank International AG now owns 120,000 shares of the semiconductor company’s stock valued at $13,032,000 after buying an additional 25,000 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Camtek by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 1,086,242 shares of the semiconductor company’s stock valued at $116,615,000 after purchasing an additional 7,220 shares in the last quarter. Ariose Capital Management Ltd acquired a new position in Camtek during the 4th quarter worth approximately $3,903,000. Y.D. More Investments Ltd lifted 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 valued at $114,901,000 after purchasing an additional 134,791 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its position in Camtek by 12.0% in 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 in the last quarter. Institutional investors and hedge funds 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.