Insider Selling: Camtek (NASDAQ:CAMT) Director Sells 3,347 Shares of Stock

Camtek Ltd. (NASDAQ:CAMT) Director Lior Aviram sold 3,347 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $162.99, for a total transaction of $545,527.53. Following the transaction, the director directly owned 15,865 shares of the company’s stock, valued at approximately $2,585,836.35. This trade represents a 17.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Camtek Price Performance

NASDAQ:CAMT traded up $0.81 during trading hours on Thursday, reaching $175.01. 64,596 shares of the company traded hands, compared to its average volume of 517,052. The company has a debt-to-equity ratio of 0.71, a current ratio of 8.35 and a quick ratio of 7.46. The firm’s 50-day moving average is $158.26 and its 200-day moving average is $163.51. The stock has a market cap of $8.17 billion, a P/E ratio of 272.89, a P/E/G ratio of 3.66 and a beta of 1.58. Camtek Ltd. has a 1-year low of $75.75 and a 1-year high of $215.99.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings data 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. The business had revenue of $133.24 million for the quarter, compared to the consensus estimate of $130.44 million. Camtek had a return on equity of 22.31% and a net margin of 7.40%.The business’s revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.79 earnings per share. Equities research analysts expect that Camtek Ltd. will post 3.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Camtek

A number of institutional investors and hedge funds have recently bought and sold shares of CAMT. Wasatch Advisors LP raised its position in shares of Camtek by 14.7% during the 3rd 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 in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Camtek by 38.2% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,302,009 shares of the semiconductor company’s stock valued at $349,008,000 after purchasing an additional 636,773 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of 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 during the period. Vanguard Group Inc. boosted its stake in Camtek by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 1,086,242 shares of the semiconductor company’s stock valued at $116,615,000 after buying an additional 7,220 shares in the last quarter. Finally, Y.D. More Investments Ltd raised its position in Camtek by 20.8% in the first quarter. Y.D. More Investments Ltd now owns 783,365 shares of the semiconductor company’s stock worth $114,901,000 after acquiring an additional 134,791 shares in the last quarter. Institutional investors own 41.93% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. B. Riley Financial reaffirmed a “buy” rating on shares of Camtek in a research note on Monday, April 20th. Jefferies Financial Group increased 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. Barclays increased their price objective on shares of Camtek from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Northland Securities set a $174.00 price target on shares of Camtek in a research note on Wednesday, May 13th. Finally, Morgan Stanley lowered their price objective 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. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $173.25.

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.