Camtek (NASDAQ:CAMT) VP Sells 415 Shares of Stock

Key Points

• Camtek VP Orit Geva-Dvash sold 415 shares at an average price of $174.06, generating $72,234.90 and reducing her direct holdings by 6.77% to 5,713 shares.
• Camtek’s latest quarterly results exceeded expectations, with EPS of $0.78 versus the $0.76 consensus and revenue of $133.24 million versus $130.44 million; revenue increased 8% year over year.
• The stock traded near $175, while analysts maintained a “Moderate Buy” consensus with an average price target of $173.25. Institutional investors own approximately 41.93% of the company.

Camtek Ltd. (NASDAQ:CAMT - Get Free Report) VP Orit Geva-Dvash sold 415 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $174.06, for a total transaction of $72,234.90. Following the completion of the transaction, the vice president directly owned 5,713 shares of the company's stock, valued at $994,404.78. This trade represents a 6.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Camtek Price Performance

CAMT traded up $0.81 during midday trading on Thursday, reaching $175.01. 67,503 shares of the company's stock were exchanged, compared to its average volume of 517,052. The company has a quick ratio of 7.46, a current ratio of 8.35 and a debt-to-equity ratio of 0.71. The business has a 50-day simple moving average of $158.26 and a two-hundred day simple moving average of $163.51. The firm has a market capitalization of $8.17 billion, a price-to-earnings ratio of 273.45, a price-to-earnings-growth ratio of 3.66 and a beta of 1.58. Camtek Ltd. has a one year low of $75.75 and a one year high of $215.99.

Camtek (NASDAQ:CAMT - Get Free Report) last posted its earnings results on Monday, August 10th. The semiconductor company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.76 by $0.02. The business 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 22.31% and a net margin of 7.40%.Camtek's revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the company earned $0.79 EPS. As a group, research analysts predict that Camtek Ltd. will post 3.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CAMT shares. Stifel Nicolaus set a $170.00 target price on shares of Camtek in a report on Monday. Northland Securities set a $174.00 price target on shares of Camtek in a research report on Wednesday, May 13th. Oppenheimer raised their price objective on shares of Camtek from $180.00 to $195.00 and gave the stock an "outperform" rating in a report on Wednesday, May 13th. Morgan Stanley cut their target price on shares of Camtek from $167.00 to $165.00 and set an "equal weight" rating for the company in a research note on Tuesday. Finally, Evercore restated an "outperform" rating and set a $200.00 price target on shares of Camtek in a research report on Wednesday, May 13th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, Camtek currently has an average rating of "Moderate Buy" and an average price target of $173.25.

Institutional Investors Weigh In On Camtek

Institutional investors and hedge funds have recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Camtek by 38.2% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,302,009 shares of the semiconductor company's stock valued at $349,008,000 after acquiring an additional 636,773 shares during the last quarter. Wasatch Advisors LP grew its position in shares of Camtek by 18.6% during the 2nd quarter. Wasatch Advisors LP now owns 3,506,727 shares of the semiconductor company's stock worth $296,529,000 after buying an additional 550,072 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Camtek in the fourth quarter valued at approximately $57,772,000. Millennium Management LLC boosted its stake in Camtek by 169.8% during the 3rd quarter. Millennium Management LLC now owns 479,053 shares of the semiconductor company's stock worth $50,325,000 after acquiring an additional 301,484 shares during the last quarter. Finally, Nuveen LLC grew its position in shares of Camtek by 723.2% in the 4th quarter. Nuveen LLC now owns 183,859 shares of the semiconductor company's stock valued at $19,758,000 after purchasing an additional 161,524 shares during the period. 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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