Insider Selling: Camtek (NASDAQ:CAMT) CFO Sells $111,372.15 in Stock

Camtek Ltd. (NASDAQ:CAMT) CFO Moshe Eisenberg sold 645 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $172.67, for a total transaction of $111,372.15. Following the sale, the chief financial officer directly owned 16,239 shares in the company, valued at approximately $2,803,988.13. This represents a 3.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, August 11th, Moshe Eisenberg sold 3,759 shares of Camtek stock. The shares were sold at an average price of $160.06, for a total transaction of $601,665.54.

Camtek Stock Performance

CAMT traded up $0.81 during trading hours on Thursday, hitting $175.01. 67,503 shares of the stock were exchanged, compared to its average volume of 517,052. The company has a debt-to-equity ratio of 0.71, a current ratio of 8.35 and a quick ratio of 7.46. The stock has a 50-day simple moving average of $158.26 and a 200-day simple moving average of $163.51. Camtek Ltd. has a 12 month low of $75.75 and a 12 month high of $215.99. The stock has a market cap 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 (NASDAQ:CAMT) last announced its quarterly earnings data 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 return on equity of 22.31% and a net margin of 7.40%.The business had revenue of $133.24 million during the quarter, compared to analyst estimates of $130.44 million. During the same quarter in the prior year, the firm posted $0.79 earnings per share. The company’s revenue was up 8.0% on a year-over-year basis. Analysts anticipate that Camtek Ltd. will post 3.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Camtek in a report on Tuesday. Needham & Company LLC increased their target price on Camtek from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Morgan Stanley dropped their price target on Camtek from $167.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Tuesday. B. Riley Financial reissued a “buy” rating on shares of Camtek in a research report on Monday, April 20th. Finally, Oppenheimer upped their target price on shares of Camtek from $180.00 to $195.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Camtek has an average rating of “Moderate Buy” and a consensus price target of $173.25.

Institutional Investors Weigh In On Camtek

Several institutional investors have recently modified their holdings of CAMT. Harel Insurance Investments & Financial Services Ltd. boosted its stake 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 boosted its position in shares of Camtek by 18.6% in 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Camtek during the fourth quarter worth $57,772,000. Millennium Management LLC increased its holdings in Camtek by 169.8% in the third quarter. Millennium Management LLC now owns 479,053 shares of the semiconductor company’s stock valued at $50,325,000 after purchasing an additional 301,484 shares during the last quarter. Finally, Nuveen LLC boosted its holdings in Camtek by 723.2% during the fourth quarter. Nuveen LLC now owns 183,859 shares of the semiconductor company’s stock worth $19,758,000 after buying an additional 161,524 shares during 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.