Karni Yarl Andorn Sells 2,356 Shares of Camtek (NASDAQ:CAMT) Stock

Key Points

• Director Karni Yarl Andorn sold 2,356 Camtek shares at an average price of $172.35, generating $406,056.60. The sale reduced the director’s direct holdings by 63.69% to 1,343 shares; an additional 3,176 shares were sold the following day.
• Camtek reported quarterly EPS of $0.78, beating estimates of $0.76, while revenue reached $133.24 million, above the $130.44 million consensus and up 8% year over year.
• Analysts maintain a “Moderate Buy” consensus, with seven Buy and seven Hold ratings and an average price target of $173.25. Institutional investors and hedge funds own approximately 41.93% of the company.

Camtek Ltd. (NASDAQ:CAMT - Get Free Report) Director Karni Yarl Andorn sold 2,356 shares of Camtek stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $172.35, for a total transaction of $406,056.60. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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 value of $522,134.40.

Camtek Stock Performance

Shares of Camtek stock opened at $165.38 on Monday. 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 0.69, a quick ratio of 6.58 and a current ratio of 7.38. The firm has a market capitalization of $7.72 billion, a price-to-earnings ratio of 258.41, a PEG ratio of 3.68 and a beta of 1.58. The stock has a 50 day moving average of $158.11 and a 200 day moving average of $163.88.

Camtek (NASDAQ:CAMT - Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The semiconductor company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.76 by $0.02. The business had revenue of $133.24 million for the quarter, compared to analyst estimates of $130.44 million. Camtek had a return on equity of 21.58% and a net margin of 7.40%.The company's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.79 EPS. As a group, research analysts predict that Camtek Ltd. will post 3.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CAMT has been the subject of a number of recent analyst reports. Needham & Company LLC lifted their price target on shares of Camtek from $175.00 to $190.00 and gave the company a "buy" rating in a research report on Tuesday, May 12th. Morgan Stanley lowered their price objective on shares of Camtek from $167.00 to $165.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 11th. Jefferies Financial Group lifted their target price on shares of Camtek from $185.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, May 13th. Evercore reissued an "outperform" rating and issued a $200.00 target price on shares of Camtek in a research report on Wednesday, May 13th. Finally, B. Riley Financial restated a "buy" rating on shares of Camtek in a research note on Monday, April 20th. Seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, Camtek presently has an average rating of "Moderate Buy" and a consensus target price of $173.25.

Institutional Trading of Camtek

Several hedge funds have recently made changes to their positions in CAMT. Wasatch Advisors LP boosted its stake in shares of Camtek by 14.7% in the third quarter. Wasatch Advisors LP now owns 4,020,683 shares of the semiconductor company's stock valued at $422,373,000 after purchasing an additional 513,956 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of 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 purchasing an additional 636,773 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in Camtek by 12.0% during the 4th 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 during the period. Vanguard Group Inc. increased its stake in Camtek by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 1,086,242 shares of the semiconductor company's stock worth $116,615,000 after buying an additional 7,220 shares during the period. Finally, Y.D. More Investments Ltd lifted its holdings in Camtek by 20.8% during the 1st 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. Institutional investors and hedge funds 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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