11,694 Camtek Ltd. $CAMT Shares Sold by Penn Capital Management Company LLC

Penn Capital Management Company LLC reduced its stake in shares of Camtek Ltd. (NASDAQ:CAMT) by 10.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 105,320 shares of the semiconductor company’s stock after selling 11,694 shares during the period. Penn Capital Management Company LLC’s holdings in Camtek were worth $16,380,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. raised its holdings 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 worth $349,008,000 after purchasing an additional 636,773 shares during the period. Y.D. More Investments Ltd grew its holdings in Camtek by 20.8% during 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 period. Arrowstreet Capital Limited Partnership bought a new position in Camtek during the first quarter valued at $7,225,000. Cim LLC increased its position in Camtek by 168.7% in the first quarter. Cim LLC now owns 15,536 shares of the semiconductor company’s stock worth $2,355,000 after buying an additional 9,755 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in Camtek in the second quarter worth $1,217,000. Hedge funds and other institutional investors own 41.93% of the company’s stock.

Insider Activity at Camtek

In other Camtek news, COO Ram Langer sold 6,387 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $172.32, for a total value of $1,100,607.84. Following the completion of the transaction, the chief operating officer owned 17,532 shares in the company, valued at $3,021,114.24. This trade represents a 26.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Karni Yarl Andorn sold 3,176 shares of Camtek 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 of the company’s stock, valued at $220,789.20. The trade was a 70.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 19,737 shares of company stock worth $3,367,056 in the last 90 days. 79.40% of the stock is owned by company insiders.

Camtek Stock Up 8.2%

CAMT opened at $105.04 on Tuesday. Camtek Ltd. has a 12 month low of $89.13 and a 12 month high of $215.99. The company has a market cap of $4.90 billion, a PE ratio of 39.79, a price-to-earnings-growth ratio of 2.02 and a beta of 1.69. The company has a current ratio of 7.38, a quick ratio of 6.58 and a debt-to-equity ratio of 0.69. The company has a 50 day moving average of $136.14 and a 200 day moving average of $155.84.

Camtek (NASDAQ:CAMT) last posted its earnings results on Wednesday, November 4th. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. Camtek had a return on equity of 22.05% and a net margin of 24.56%. The firm had revenue of $161.29 million for the quarter, compared to the consensus estimate of $160.36 million. During the same quarter in the prior year, the business posted $0.82 earnings per share. The business’s quarterly revenue was up 28.0% on a year-over-year basis. On average, sell-side analysts expect that Camtek Ltd. will post 3.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Camtek in a research note on Wednesday, November 4th. B. Riley Financial cut their price target on Camtek from $166.00 to $138.00 and set a “buy” rating for the company in a research note on Monday. Morgan Stanley lowered Camtek from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $152.00 to $126.00 in a report on Monday, November 2nd. Needham & Company LLC lowered their price objective on Camtek from $170.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, November 4th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $175.00 price objective on shares of Camtek in a report on Tuesday, September 22nd. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $164.00.

About Camtek

Camtek Ltd. develops, manufactures and sells inspection and metrology equipment used in semiconductor manufacturing. Its systems help manufacturers detect defects and measure features on wafers and other components, supporting quality control as semiconductor devices become smaller and more complex.

The company’s products serve applications including advanced packaging, memory, image sensors and other semiconductor processes. Camtek combines optical inspection hardware with software to analyze production data and identify issues during manufacturing.

Founded in 1987 and headquartered in Migdal HaEmek, Israel, Camtek serves customers in semiconductor manufacturing centers around the world through its international operations and support network.