Orit Geva-Dvash Sells 508 Shares of Camtek (NASDAQ:CAMT) Stock

Camtek Ltd. (NASDAQ:CAMT) VP Orit Geva-Dvash sold 508 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $175.00, for a total transaction of $88,900.00. Following the sale, the vice president owned 5,205 shares in the company, valued at approximately $910,875. The trade was a 8.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Orit Geva-Dvash also recently made the following trade(s):

• On Wednesday, August 12th, Orit Geva-Dvash sold 415 shares of Camtek stock. The shares were sold at an average price of $174.06, for a total transaction of $72,234.90.

Camtek Price Performance

Shares of NASDAQ CAMT opened at $150.65 on Thursday. The firm has a market cap of $7.03 billion, a P/E ratio of 235.39, a PEG ratio of 3.47 and a beta of 1.58. Camtek Ltd. has a twelve month low of $75.75 and a twelve month high of $215.99. The company has a quick ratio of 6.58, a current ratio of 7.38 and a debt-to-equity ratio of 0.69. The company has a 50 day moving average of $157.61 and a 200 day moving average of $164.05.

Camtek (NASDAQ:CAMT) last issued its earnings results on Monday, August 10th. The semiconductor company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.76 by $0.02. The business had revenue of $133.24 million for the quarter, compared to the consensus estimate of $130.44 million. Camtek had a return on equity of 21.58% and a net margin of 7.40%.The company’s revenue was up 8.0% compared to the same quarter last year. During the same period last year, the business posted $0.79 EPS. As a group, research analysts expect that Camtek Ltd. will post 3.16 EPS for the current fiscal year.

Analyst Ratings Changes

CAMT has been the subject of several research analyst reports. Northland Securities set a $174.00 price objective on Camtek in a report on Wednesday, May 13th. Jefferies Financial Group upped their target price on shares of Camtek from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Barclays raised their price target on shares of Camtek from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Morgan Stanley reduced their price target on shares of Camtek from $167.00 to $165.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 11th. Finally, Stifel Nicolaus set a $170.00 price objective on shares of Camtek in a 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $173.25.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Daiwa Securities Group Inc. grew its stake in shares of Camtek by 202.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 299 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 200 shares during the period. Advisory Services Network LLC bought a new position in shares of Camtek in the 3rd quarter worth approximately $32,000. Fifth Third Bancorp purchased a new position in shares of Camtek in the first quarter worth approximately $42,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Camtek by 46.8% in the first quarter. EverSource Wealth Advisors LLC now owns 298 shares of the semiconductor company’s stock worth $45,000 after buying an additional 95 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its position in Camtek by 61.6% during the first quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 293 shares during the period. Institutional investors 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.