Camtek (NASDAQ:CAMT) Director Sells $406,056.60 in Stock

Camtek Ltd. (NASDAQ:CAMT) Director Karni Yarl Andorn sold 2,356 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $172.35, for a total transaction of $406,056.60. Following the completion of the sale, the director directly owned 1,343 shares in the company, valued at approximately $231,466.05. The trade was a 63.69% decrease in their ownership of the stock. 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 Friday, August 14th, Karni Yarl Andorn sold 3,176 shares of Camtek stock. The shares were sold at an average price of $164.40, for a total transaction of $522,134.40.

Camtek Price Performance

Shares of NASDAQ CAMT opened at $150.65 on Thursday. The business’s 50 day moving average price is $157.61 and its two-hundred day moving average price is $164.05. The company has a market cap of $7.03 billion, a PE ratio of 235.39, a price-to-earnings-growth ratio of 3.47 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. Camtek Ltd. has a twelve month low of $75.75 and a twelve month high of $215.99.

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

Institutional Trading of Camtek

A number of institutional investors have recently modified their holdings of the stock. Raiffeisen Bank International AG increased its position in shares of Camtek by 26.3% in the fourth quarter. Raiffeisen Bank International AG now owns 120,000 shares of the semiconductor company’s stock worth $13,032,000 after purchasing an additional 25,000 shares during the period. Vanguard Group Inc. lifted its position in Camtek by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 1,086,242 shares of the semiconductor company’s stock worth $116,615,000 after purchasing an additional 7,220 shares during the period. Ariose Capital Management Ltd bought a new stake in Camtek during the fourth quarter worth about $3,903,000. Y.D. More Investments Ltd grew its stake in Camtek by 20.8% during the first quarter. Y.D. More Investments Ltd now owns 783,365 shares of the semiconductor company’s stock worth $114,901,000 after buying an additional 134,791 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. grew its stake in Camtek by 12.0% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,318,396 shares of the semiconductor company’s stock worth $140,205,000 after buying an additional 140,796 shares in the last quarter. 41.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on CAMT. Evercore reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Camtek in a research report on Wednesday, May 13th. Jefferies Financial Group raised their target price on shares of Camtek from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Stifel Nicolaus set a $170.00 target price on shares of Camtek in a report on Monday, August 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Camtek in a research note on Tuesday, August 11th. Finally, 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. Seven equities research 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, the company presently has a consensus 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.