Camtek (NASDAQ:CAMT) Director Lior Aviram Sells 3,347 Shares of Stock

Key Points

• Director Lior Aviram sold 3,347 Camtek shares for approximately $545,528, reducing his ownership by 17.42% to 15,865 shares.
• Camtek’s shares rose 0.5% to $175.01, while the company reported quarterly EPS of $0.78 and revenue of $133.24 million, exceeding analyst estimates; revenue increased 8% year over year.
• Analysts maintain a consensus “Moderate Buy” rating with a $173.25 price target, while institutional investors own 41.93% of the company.

Camtek Ltd. (NASDAQ:CAMT - Get Free Report) Director Lior Aviram sold 3,347 shares of the company's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $162.99, for a total value of $545,527.53. Following the transaction, the director owned 15,865 shares in the company, valued at $2,585,836.35. This trade represents a 17.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Camtek Trading Up 0.5%

Shares of NASDAQ CAMT traded up $0.81 during trading on Thursday, reaching $175.01. The stock had a trading volume of 64,596 shares, compared to its average volume of 517,052. Camtek Ltd. has a fifty-two week low of $75.75 and a fifty-two week high of $215.99. The company has a debt-to-equity ratio of 0.71, a quick ratio of 7.46 and a current ratio of 8.35. The business's 50-day moving average price is $158.26 and its 200-day moving average price is $163.51. The company has a market cap of $8.17 billion, a P/E ratio of 272.89, a PEG ratio of 3.66 and a beta of 1.58.

Camtek (NASDAQ:CAMT - Get Free Report) last posted its earnings results on Monday, August 10th. The semiconductor company reported $0.78 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $133.24 million for the quarter, compared to analyst estimates of $130.44 million. During the same quarter in the prior year, the company earned $0.79 EPS. Camtek's revenue was up 8.0% on a year-over-year basis. On average, equities research analysts predict that Camtek Ltd. will post 3.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Camtek

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. increased its holdings in shares of Camtek by 61.6% in the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company's stock valued at $45,000 after purchasing an additional 293 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Camtek by 12.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 149,223 shares of the semiconductor company's stock worth $8,749,000 after acquiring an additional 16,117 shares in the last quarter. Geode Capital Management LLC increased its stake in Camtek by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 39,420 shares of the semiconductor company's stock valued at $3,333,000 after purchasing an additional 279 shares in the last quarter. Cetera Investment Advisers raised its holdings in Camtek by 4.7% during the second quarter. Cetera Investment Advisers now owns 4,841 shares of the semiconductor company's stock worth $409,000 after purchasing an additional 217 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Camtek by 8.3% in the second quarter. Invesco Ltd. now owns 263,836 shares of the semiconductor company's stock valued at $22,310,000 after purchasing an additional 20,237 shares during the last quarter. Hedge funds and other institutional investors own 41.93% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on CAMT. Weiss Ratings reiterated a "hold (c)" rating on shares of Camtek in a report on Tuesday. Jefferies Financial Group boosted their price target 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. Barclays upped their price objective on Camtek from $175.00 to $185.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 13th. Needham & Company LLC boosted their target price on Camtek from $175.00 to $190.00 and gave the stock a "buy" rating in a research note on Tuesday, May 12th. Finally, Morgan Stanley cut their price target on Camtek from $167.00 to $165.00 and set an "equal weight" rating on the stock in a report on Tuesday. Seven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.

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