Camtek (NASDAQ:CAMT) CFO Moshe Eisenberg Sells 3,759 Shares

Camtek Ltd. (NASDAQ:CAMT) CFO Moshe Eisenberg sold 3,759 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $160.06, for a total value of $601,665.54. Following the completion of the sale, the chief financial officer directly owned 16,884 shares of the company’s stock, valued at $2,702,453.04. This represents a 18.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Moshe Eisenberg also recently made the following trade(s):

• On Wednesday, August 12th, Moshe Eisenberg sold 645 shares of Camtek stock. The shares were sold at an average price of $172.67, for a total value of $111,372.15.

Camtek Price Performance

NASDAQ CAMT traded up $0.81 during trading hours on Thursday, reaching $175.01. The company’s stock had a trading volume of 64,596 shares, compared to its average volume of 517,052. 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 company’s 50-day moving average is $158.26 and its two-hundred day moving average is $163.51. Camtek Ltd. has a fifty-two week low of $75.75 and a fifty-two week high of $215.99. The stock has a market cap of $8.17 billion, a PE ratio of 272.89, a PEG ratio of 3.66 and a beta of 1.58.

Camtek (NASDAQ:CAMT) last announced its earnings results on Monday, August 10th. The semiconductor company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.02. Camtek had a net margin of 7.40% and a return on equity of 22.31%. The firm had revenue of $133.24 million during the quarter, compared to the consensus estimate of $130.44 million. During the same quarter in the previous year, the company posted $0.79 EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. Analysts forecast that Camtek Ltd. will post 3.16 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CAMT. Needham & Company LLC increased their target price 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. Northland Securities set a $174.00 price objective on shares of Camtek in a report on Wednesday, May 13th. Barclays increased their price target on shares of Camtek from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. B. Riley Financial reiterated a “buy” rating on shares of Camtek in a research note on Monday, April 20th. Finally, Jefferies Financial Group raised their price target on shares of Camtek from $185.00 to $200.00 and gave the company a “buy” rating in a 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $173.25.

Hedge Funds Weigh In On Camtek

Several institutional investors and hedge funds have recently made changes to their positions in CAMT. Daiwa Securities Group Inc. grew its stake in Camtek by 202.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 299 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 200 shares during the period. Advisory Services Network LLC acquired a new position in shares of Camtek in the 3rd quarter valued at approximately $32,000. Fifth Third Bancorp bought a new stake in Camtek during the 1st quarter worth approximately $42,000. EverSource Wealth Advisors LLC raised its holdings in Camtek by 46.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 298 shares of the semiconductor company’s stock worth $45,000 after buying an additional 95 shares during the period. Finally, Advisors Asset Management Inc. lifted its stake in Camtek by 61.6% in the first quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 293 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.