Camtek Ltd. $CAMT Shares Sold by Raiffeisen Bank International AG

Raiffeisen Bank International AG lessened its holdings in shares of Camtek Ltd. (NASDAQ:CAMT) by 29.0% during the 2nd quarter, Holdings Channel reports. The firm owned 94,400 shares of the semiconductor company’s stock after selling 38,600 shares during the period. Raiffeisen Bank International AG’s holdings in Camtek were worth $14,851,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Wasatch Advisors LP increased its holdings in Camtek by 14.7% during the 3rd quarter. Wasatch Advisors LP now owns 4,020,683 shares of the semiconductor company’s stock worth $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 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 buying an additional 636,773 shares during the period. Vanguard Group Inc. grew 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 buying an additional 7,220 shares in the last quarter. Y.D. More Investments Ltd grew its position in shares of Camtek by 20.8% during the first 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. Finally, Analog Century Management LP increased its stake in shares of Camtek by 14.8% during the fourth quarter. Analog Century Management LP now owns 693,720 shares of the semiconductor company’s stock worth $73,774,000 after buying an additional 89,461 shares during the period. Hedge funds and other institutional investors own 41.93% of the company’s stock.

Camtek Price Performance

Shares of NASDAQ:CAMT opened at $138.90 on Friday. Camtek Ltd. has a one year low of $76.36 and a one year high of $215.99. The company has a 50-day simple moving average of $147.93 and a 200-day simple moving average of $163.40. 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 stock has a market capitalization of $6.48 billion, a price-to-earnings ratio of 217.03, a PEG ratio of 2.84 and a beta of 1.56.

Camtek (NASDAQ:CAMT) last released 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. The company had revenue of $133.24 million during the quarter, compared to analysts’ expectations of $130.44 million. Camtek had a net margin of 7.40% and a return on equity of 21.58%. The business’s revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the business earned $0.79 EPS. On average, analysts predict that Camtek Ltd. will post 3.27 EPS for the current year.

Insiders Place Their Bets

In other Camtek news, Director Karni Yarl Andorn sold 3,176 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $164.40, for a total value of $522,134.40. Following the transaction, the director directly owned 1,343 shares in the company, valued at approximately $220,789.20. This represents a 70.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Orit Geva-Dvash sold 508 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $175.00, for a total value of $88,900.00. Following the sale, the vice president owned 5,205 shares in the company, valued at $910,875. This trade represents a 8.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 26,843 shares of company stock worth $4,514,249. 79.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CAMT has been the topic of several analyst reports. Evercore reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Camtek in a report on Wednesday, May 13th. Morgan Stanley lowered their price target on shares of Camtek from $167.00 to $165.00 and set an “equal weight” rating for the company in a report on Tuesday, August 11th. Barclays increased their price objective on shares of Camtek from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Northland Securities set a $174.00 price objective on shares of Camtek in a report on Wednesday, May 13th. Finally, Stifel Nicolaus set a $170.00 price objective on shares of Camtek in a research report on Monday, August 10th. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $173.25.

Camtek Company Profile

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.