Camtek (NASDAQ:CAMT) VP Orit Geva-Dvash Sells 508 Shares of Stock

Key Points

• Camtek VP Orit Geva-Dvash sold 508 shares at an average of $175, generating $88,900 and reducing her stake by 8.89% to 5,205 shares. She also sold 415 shares the previous week.
• Camtek’s latest quarterly results exceeded expectations, with EPS of $0.78 versus $0.76 expected and revenue of $133.24 million, up 8% year over year.
• The stock traded near $171.80, while analysts maintained a “Moderate Buy” consensus and an average price target of $173.25. However, several executives and directors have recently sold shares, and Camtek’s valuation remains elevated at more than 268 times earnings.

Camtek Ltd. (NASDAQ:CAMT - Get Free Report) VP Orit Geva-Dvash sold 508 shares of the firm's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $175.00, for a total value of $88,900.00. Following the completion of the sale, the vice president directly owned 5,205 shares of the company's stock, valued at approximately $910,875. This trade represents a 8.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Orit Geva-Dvash also recently made the following trade(s):

• On Wednesday, August 12th, Orit Geva-Dvash sold 415 shares of Camtek stock. The shares were sold at an average price of $174.06, for a total transaction of $72,234.90.

Camtek Trading Up 3.9%

NASDAQ:CAMT opened at $171.80 on Tuesday. The company has a market capitalization of $8.02 billion, a PE ratio of 268.44, a price-to-earnings-growth ratio of 3.68 and a beta of 1.58. Camtek Ltd. has a 52-week low of $75.75 and a 52-week high of $215.99. The stock has a fifty day simple moving average of $158.18 and a 200-day simple moving average of $164.05. 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 (NASDAQ:CAMT - Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The semiconductor company reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.02. Camtek had a net margin of 7.40% and a return on equity of 21.58%. The business had revenue of $133.24 million during the quarter, compared to analysts' expectations of $130.44 million. During the same period last year, the company posted $0.79 EPS. The company's revenue was up 8.0% on a year-over-year basis. On average, equities research analysts expect that Camtek Ltd. will post 3.16 earnings per share for the current fiscal year.

More Camtek News

Here are the key news stories impacting Camtek this week:

• Positive Sentiment: Camtek reported quarterly revenue of $133.24 million, up 8% year over year and above the $130.44 million consensus estimate. Earnings per share of $0.78 also exceeded expectations by $0.02, indicating continued demand for the company’s semiconductor inspection and metrology systems.
• Positive Sentiment: Analyst sentiment remains constructive. The consensus rating is “Moderate Buy,” with seven Buy ratings and seven Holds, while the average price target is $173.25. Evercore, Jefferies and Oppenheimer have maintained positive ratings and price targets ranging from $195 to $200.
• Positive Sentiment: Institutional ownership trends were supportive, with Goldman Sachs, Invesco, Cetera Investment Advisers and Advisors Asset Management increasing their CAMT positions in recent quarters. Hedge funds and other institutional investors own approximately 41.93% of the company.
• Neutral Sentiment: CEO Rafi Amit sold 6,250 shares for approximately $1.07 million, reducing his holdings by 10.15% but leaving him with 55,350 shares. The sale may reflect personal liquidity or diversification rather than a change in business outlook. CEO Form 4 filing
• Neutral Sentiment: COO Ram Langer sold 6,387 shares worth about $1.10 million, reducing his position by 26.7% while retaining 17,532 shares. COO Form 4 filing
• Negative Sentiment: Director Karni Yarl Andorn sold 5,532 shares across transactions on August 13 and 14 for approximately $928,000. The sales reduced her holdings by more than 60%, leaving 1,343 shares. Multiple insider sales in a short period could weigh on investor confidence and increase volatility, particularly given CAMT’s elevated valuation of more than 268 times earnings. Director Form 4 filing

Institutional Investors Weigh In On Camtek

Hedge funds and other institutional investors have recently bought and sold shares of the business. Daiwa Securities Group Inc. increased its stake 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 worth $32,000 after buying an additional 200 shares during the last quarter. Advisory Services Network LLC acquired a new position in Camtek during the 3rd quarter worth $32,000. Fifth Third Bancorp bought a new stake in shares of Camtek in the 1st quarter worth about $42,000. EverSource Wealth Advisors LLC increased its position 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 worth $45,000 after purchasing an additional 95 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its stake 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. 41.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CAMT has been the subject of several research analyst reports. Oppenheimer upped their price target on 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. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Camtek in a research report on Tuesday, August 11th. Stifel Nicolaus set a $170.00 target price on Camtek in a research note on Monday, August 10th. Finally, Morgan Stanley dropped their target price on Camtek from $167.00 to $165.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 11th. Seven equities research 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, Camtek has an average rating of "Moderate Buy" and an average 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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