Moshe Eisenberg Sells 645 Shares of Camtek (NASDAQ:CAMT) Stock

Camtek Ltd. (NASDAQ:CAMT) CFO Moshe Eisenberg sold 645 shares of Camtek stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $172.67, for a total value of $111,372.15. Following the completion of the sale, the chief financial officer owned 16,239 shares of the company’s stock, valued at $2,803,988.13. The trade was a 3.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Tuesday, August 11th, Moshe Eisenberg sold 3,759 shares of Camtek stock. The stock was 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 mid-day trading on Thursday, reaching $175.01. 67,503 shares of the company traded hands, compared to its average volume of 517,052. The company’s fifty day moving average price is $158.26 and its 200-day moving average price is $163.51. The stock has a market capitalization of $8.17 billion, a P/E ratio of 273.45, a P/E/G ratio of 3.66 and a beta of 1.58. The company has a quick ratio of 7.46, a current ratio of 8.35 and a debt-to-equity ratio of 0.71. Camtek Ltd. has a 52-week low of $75.75 and a 52-week high of $215.99.

Camtek (NASDAQ:CAMT) last announced its earnings results on Monday, August 10th. The semiconductor company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. Camtek had a return on equity of 22.31% and a net margin of 7.40%.The company had revenue of $133.24 million for the quarter, compared to analysts’ expectations of $130.44 million. During the same period last year, the firm earned $0.79 EPS. Camtek’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, sell-side analysts expect that Camtek Ltd. will post 3.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CAMT shares. Stifel Nicolaus set a $170.00 price target on shares of Camtek in a research note on Monday. Evercore reiterated an “outperform” rating and set a $200.00 price target on shares of Camtek in a research note on Wednesday, May 13th. Barclays lifted their target price on Camtek from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Northland Securities set a $174.00 target price on shares of Camtek in a research report on Wednesday, May 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Camtek in a research report on Tuesday. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $173.25.

Hedge Funds Weigh In On Camtek

Several institutional investors have recently bought and sold shares of the company. Wasatch Advisors LP grew its stake in shares of Camtek by 14.7% in the third quarter. Wasatch Advisors LP now owns 4,020,683 shares of the semiconductor company’s stock worth $422,373,000 after acquiring an additional 513,956 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Camtek by 38.2% during 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. Migdal Insurance & Financial Holdings Ltd. raised its position in Camtek by 12.0% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,318,396 shares of the semiconductor company’s stock valued at $140,205,000 after purchasing an additional 140,796 shares in the last quarter. 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. Finally, Y.D. More Investments Ltd increased its stake 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 during the period. 41.93% of the stock is owned by institutional investors and hedge funds.

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.