Ram Langer Sells 6,387 Shares of Camtek (NASDAQ:CAMT) Stock

Key Points

• Camtek COO Ram Langer sold 6,387 shares at an average price of $172.32, generating approximately $1.10 million. His remaining 17,532-share stake is valued at about $3.02 million, representing a 26.7% reduction.
• Camtek reported quarterly adjusted earnings of $0.78 per share, beating estimates by $0.02, while revenue reached $133.24 million, up 8% year over year and above expectations.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $173.25; institutional investors own 41.93% of the company.

Camtek Ltd. (NASDAQ:CAMT - Get Free Report) COO Ram Langer sold 6,387 shares of the company's stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $172.32, for a total value of $1,100,607.84. Following the completion of the sale, the chief operating officer directly owned 17,532 shares in the company, valued at approximately $3,021,114.24. The trade was a 26.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Camtek Price Performance

Shares of NASDAQ:CAMT opened at $165.38 on Monday. The business's fifty day moving average price is $158.11 and its two-hundred day moving average price is $163.88. The stock has a market cap of $7.72 billion, a PE ratio of 258.41, a price-to-earnings-growth ratio of 3.68 and a beta of 1.58. The company has a debt-to-equity ratio of 0.69, a quick ratio of 6.58 and a current ratio of 7.38. 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 released its quarterly earnings results 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 return on equity of 21.58% and a net margin of 7.40%.The company had revenue of $133.24 million during the quarter, compared to analysts' expectations of $130.44 million. During the same period in the previous year, the firm posted $0.79 earnings per share. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. On average, analysts forecast that Camtek Ltd. will post 3.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CAMT has been the subject of a number of recent research reports. Evercore reiterated an "outperform" rating and set a $200.00 price target on shares of Camtek in a report on Wednesday, May 13th. Oppenheimer lifted their target price 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. Stifel Nicolaus set a $170.00 price target on Camtek in a research note on Monday, August 10th. Needham & Company LLC raised their price objective on Camtek from $175.00 to $190.00 and gave the stock a "buy" rating in a report on Tuesday, May 12th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Camtek in a research report on Tuesday, August 11th. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Camtek presently has a consensus rating of "Moderate Buy" and an average target price of $173.25.

Institutional Trading of Camtek

Institutional investors and hedge funds have recently made changes to their positions in the company. Wasatch Advisors LP raised its position in 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. boosted its stake 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 during the period. 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 position in shares of Camtek by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 1,086,242 shares of the semiconductor company's stock worth $116,615,000 after acquiring an additional 7,220 shares during the last quarter. Finally, Y.D. More Investments Ltd boosted its holdings in Camtek by 20.8% in the first quarter. Y.D. More Investments Ltd now owns 783,365 shares of the semiconductor company's stock valued at $114,901,000 after purchasing an additional 134,791 shares during the last quarter. 41.93% of the stock is currently owned by institutional investors and hedge funds.

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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