Camtek (NASDAQ:CAMT) VP Sells $88,900.00 in Stock

Camtek Ltd. (NASDAQ:CAMT) VP Orit Geva-Dvash sold 508 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $175.00, for a total transaction of $88,900.00. Following the transaction, the vice president owned 5,205 shares of the company’s stock, valued at $910,875. This represents a 8.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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 stock was sold at an average price of $174.06, for a total transaction of $72,234.90.

Camtek Trading Down 1.4%

Shares of NASDAQ:CAMT opened at $148.51 on Friday. The company has a quick ratio of 6.58, a current ratio of 7.38 and a debt-to-equity ratio of 0.69. The company’s 50-day moving average price is $156.90 and its 200 day moving average price is $164.07. The company has a market cap of $6.93 billion, a PE ratio of 232.05, a P/E/G ratio of 3.35 and a beta of 1.58. Camtek Ltd. has a fifty-two week low of $75.75 and a fifty-two week high of $215.99.

Camtek (NASDAQ:CAMT) 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. Camtek had a net margin of 7.40% and a return on equity of 21.58%. The firm had revenue of $133.24 million during the quarter, compared to analysts’ expectations of $130.44 million. During the same quarter in the prior year, the firm earned $0.79 EPS. Camtek’s quarterly revenue was up 8.0% on a year-over-year basis. Sell-side analysts anticipate that Camtek Ltd. will post 3.17 earnings per share for the current year.

Institutional Trading of Camtek

A number of hedge funds have recently bought and sold shares of CAMT. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Camtek by 38.2% in the 1st 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 in the last quarter. Wasatch Advisors LP grew its position in 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 purchasing an additional 550,072 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Camtek during the 4th quarter worth approximately $57,772,000. Millennium Management LLC grew its position 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 purchasing an additional 301,484 shares in the last quarter. Finally, Nuveen LLC raised its stake in Camtek by 723.2% during 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. 41.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Stifel Nicolaus set a $170.00 price objective on Camtek in a report on Monday, August 10th. Northland Securities set a $174.00 target price on Camtek in a research note on Wednesday, May 13th. Evercore reiterated an “outperform” rating and set a $200.00 price target on shares of Camtek in a research report on Wednesday, May 13th. Oppenheimer increased 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. Finally, Morgan Stanley lowered their price target 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 issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus 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.