Camtek (NASDAQ:CAMT) Director Karni Yarl Andorn Sells 2,356 Shares of Stock

Camtek Ltd. (NASDAQ:CAMT) Director Karni Yarl Andorn sold 2,356 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $172.35, for a total value of $406,056.60. Following the sale, the director directly owned 1,343 shares in the company, valued at $231,466.05. This represents a 63.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Friday, August 14th, Karni Yarl Andorn sold 3,176 shares of Camtek stock. The shares were sold at an average price of $164.40, for a total value of $522,134.40.

Camtek Stock Performance

NASDAQ:CAMT opened at $165.38 on Monday. The firm has a market cap of $7.72 billion, a PE ratio of 258.41, a price-to-earnings-growth ratio of 3.68 and a beta of 1.58. The stock has a fifty day moving average price of $158.11 and a 200 day moving average price of $163.88. Camtek Ltd. has a 12-month low of $75.75 and a 12-month high of $215.99. The company has a current ratio of 7.38, a quick ratio of 6.58 and a debt-to-equity ratio of 0.69.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings results on Monday, August 10th. The semiconductor company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.02. The company 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%.Camtek’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.79 EPS. Sell-side analysts anticipate that Camtek Ltd. will post 3.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CAMT. Fifth Third Bancorp acquired a new stake in shares of Camtek during the 1st quarter worth about $42,000. EverSource Wealth Advisors LLC boosted its holdings in Camtek by 46.8% in the first quarter. EverSource Wealth Advisors LLC now owns 298 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 95 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in Camtek by 202.0% in the fourth 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 in the last quarter. Advisory Services Network LLC purchased a new position in Camtek in the third quarter valued at approximately $32,000. Finally, Compass Financial Management LLC acquired a new stake in Camtek during the second quarter worth approximately $57,000. Hedge funds and other institutional investors own 41.93% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on CAMT. Stifel Nicolaus set a $170.00 target price on shares of Camtek in a research note on Monday, August 10th. B. Riley Financial reiterated a “buy” rating on shares of Camtek in a research note on Monday, April 20th. Northland Securities set a $174.00 price target on shares of Camtek in a report on Wednesday, May 13th. Morgan Stanley dropped their price objective on shares of Camtek from $167.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 11th. Finally, Barclays raised their price objective on shares of Camtek from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $173.25.

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.