Rafi Amit Sells 6,250 Shares of Camtek (NASDAQ:CAMT) Stock

Camtek Ltd. (NASDAQ:CAMT) CEO Rafi Amit sold 6,250 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $170.52, for a total transaction of $1,065,750.00. Following the completion of the sale, the chief executive officer directly owned 55,350 shares of the company’s stock, valued at approximately $9,438,282. The trade was a 10.15% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Camtek Price Performance

Shares of NASDAQ CAMT opened at $165.38 on Monday. Camtek Ltd. has a 52 week low of $75.75 and a 52 week high of $215.99. The stock has a market capitalization of $7.72 billion, a price-to-earnings ratio of 258.41, a price-to-earnings-growth ratio of 3.68 and a beta of 1.58. The company has a quick ratio of 6.58, a current ratio of 7.38 and a debt-to-equity ratio of 0.69. The firm has a 50-day simple moving average of $158.11 and a 200-day simple moving average of $163.88.

Camtek (NASDAQ:CAMT) last announced 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. The firm had revenue of $133.24 million during the quarter, compared to analyst estimates of $130.44 million. Camtek had a net margin of 7.40% and a return on equity of 21.58%. Camtek’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.79 earnings per share. On average, equities analysts predict that Camtek Ltd. will post 3.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Camtek

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

Analyst Ratings Changes

Several research firms have commented on CAMT. Oppenheimer boosted their price target on shares of Camtek from $180.00 to $195.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Northland Securities set a $174.00 price objective on 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. Morgan Stanley lowered their target price 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. Finally, Jefferies Financial Group upped their price target on Camtek from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Seven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.