Karni Yarl Andorn Sells 3,176 Shares of Camtek (NASDAQ:CAMT) Stock

Camtek Ltd. (NASDAQ:CAMT) Director Karni Yarl Andorn sold 3,176 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $164.40, for a total value of $522,134.40. Following the sale, the director owned 1,343 shares of the company’s stock, valued at approximately $220,789.20. The trade was a 70.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Karni Yarl Andorn also recently made the following trade(s):

• On Thursday, August 13th, Karni Yarl Andorn sold 2,356 shares of Camtek stock. The stock was sold at an average price of $172.35, for a total value of $406,056.60.

Camtek Stock Performance

Shares of CAMT stock opened at $165.38 on Monday. The company has a market cap of $7.72 billion, a P/E ratio of 258.41, a PEG ratio of 3.68 and a beta of 1.58. The stock has a 50 day simple moving average of $158.11 and a two-hundred day simple moving average of $163.88. The company has a debt-to-equity ratio of 0.69, a quick ratio of 6.58 and a current ratio of 7.38. 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 quarterly earnings results on Monday, August 10th. The semiconductor company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. The firm had revenue of $133.24 million for the quarter, compared to analysts’ expectations of $130.44 million. Camtek had a return on equity of 21.58% and a net margin of 7.40%.The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.79 EPS. Research analysts forecast that Camtek Ltd. will post 3.16 earnings per share for the current year.

Institutional Investors Weigh In On Camtek

A number of hedge funds have recently modified their holdings of the stock. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of 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 purchasing an additional 636,773 shares during the period. Wasatch Advisors LP raised its holdings in Camtek by 18.6% during the 2nd quarter. Wasatch Advisors LP now owns 3,506,727 shares of the semiconductor company’s stock valued at $296,529,000 after acquiring an additional 550,072 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Camtek during the fourth quarter worth $57,772,000. Millennium Management LLC grew its position in shares of 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 in the last quarter. Finally, Nuveen LLC raised its stake in shares of 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. Institutional investors own 41.93% of the company’s stock.

Analysts Set New Price Targets

CAMT has been the topic of several research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Camtek in a report on Tuesday, August 11th. Jefferies Financial Group upped their target price on Camtek from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. B. Riley Financial restated a “buy” rating on shares of Camtek in a report on Monday, April 20th. Evercore reissued an “outperform” rating and set a $200.00 target price on shares of Camtek in a research report on Wednesday, May 13th. Finally, Barclays increased their price objective on Camtek from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.