Camtek (NASDAQ:CAMT) Director Karni Yarl Andorn Sells 3,176 Shares of Stock

Key Points

• Director insider sale: Karni Yarl Andorn sold 3,176 Camtek shares for approximately $522,134 at an average price of $164.40, reducing their direct holdings by 70.28% to 1,343 shares. They also sold 2,356 shares for about $406,057 the previous day.
• Quarterly results exceeded expectations: Camtek reported $0.78 in quarterly EPS versus the $0.76 consensus estimate and revenue of $133.24 million versus $130.44 million expected. Revenue increased 8% year over year.
• Analyst sentiment remains moderately positive: Seven analysts rate Camtek a Buy and seven rate it Hold, producing a “Moderate Buy” consensus and an average price target of $173.25.

Camtek Ltd. (NASDAQ:CAMT - Get Free Report) Director Karni Yarl Andorn sold 3,176 shares of the company's stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $164.40, for a total value of $522,134.40. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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 value of $406,056.60.

Camtek Stock Performance

NASDAQ:CAMT opened at $165.38 on Monday. The stock has a market cap of $7.72 billion, a P/E ratio of 258.41, a price-to-earnings-growth ratio of 3.68 and a beta of 1.58. The company has a current ratio of 7.38, a quick ratio of 6.58 and a debt-to-equity ratio of 0.69. The stock's 50-day moving average is $158.11 and its 200-day moving average is $163.88. Camtek Ltd. has a 1-year low of $75.75 and a 1-year high of $215.99.

Camtek (NASDAQ:CAMT - Get Free Report) last released 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 company had revenue of $133.24 million during the quarter, compared to the consensus estimate of $130.44 million. Camtek had a return on equity of 21.58% and a net margin of 7.40%.The firm's revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.79 earnings per share. Equities research analysts anticipate that Camtek Ltd. will post 3.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CAMT. Northland Securities set a $174.00 price target on shares of Camtek in a research note on Wednesday, May 13th. Oppenheimer boosted their price objective 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. Morgan Stanley decreased their price objective on Camtek from $167.00 to $165.00 and set an "equal weight" rating for the company in a report on Tuesday, August 11th. Jefferies Financial Group raised 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. Finally, Stifel Nicolaus set a $170.00 target price on Camtek in a report on Monday, August 10th. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $173.25.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp acquired a new position in shares of Camtek in the 1st quarter worth approximately $42,000. EverSource Wealth Advisors LLC boosted its stake in shares of 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 purchasing an additional 95 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Camtek by 202.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 299 shares of the semiconductor company's stock worth $32,000 after buying an additional 200 shares during the period. Advisory Services Network LLC bought a new position in Camtek during the third quarter worth $32,000. Finally, Compass Financial Management LLC bought a new position in Camtek during the second quarter worth $57,000. Institutional investors own 41.93% of the company's stock.

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.

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