Raiffeisen Bank International AG Sells 38,600 Shares of Camtek Ltd. $CAMT

Raiffeisen Bank International AG lowered its stake in shares of Camtek Ltd. (NASDAQ:CAMT) by 29.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,400 shares of the semiconductor company’s stock after selling 38,600 shares during the quarter. Raiffeisen Bank International AG owned about 0.20% of Camtek worth $14,851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Headlands Technologies LLC purchased a new position in Camtek during the 2nd quarter worth $357,000. Public Employees Retirement System of Ohio acquired a new position in shares of Camtek in the second quarter valued at about $1,217,000. Compass Financial Management LLC purchased a new position in shares of Camtek in the second quarter worth about $57,000. Annex Advisory Services LLC lifted its holdings in shares of Camtek by 51.1% during the second quarter. Annex Advisory Services LLC now owns 15,272 shares of the semiconductor company’s stock worth $2,491,000 after purchasing an additional 5,167 shares during the period. Finally, NewEdge Advisors LLC boosted its position in Camtek by 6.0% in the first quarter. NewEdge Advisors LLC now owns 2,072 shares of the semiconductor company’s stock valued at $314,000 after buying an additional 117 shares during the last quarter. Hedge funds and other institutional investors own 41.93% of the company’s stock.

Insider Transactions at Camtek

In related news, CFO Moshe Eisenberg sold 3,759 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $160.06, for a total transaction of $601,665.54. Following the transaction, the chief financial officer directly owned 16,884 shares in the company, valued at approximately $2,702,453.04. The trade was a 18.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Rafi Amit sold 6,250 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $170.52, for a total value of $1,065,750.00. Following the transaction, the chief executive officer owned 55,350 shares in the company, valued at approximately $9,438,282. This represents a 10.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 26,843 shares of company stock valued at $4,514,249. Company insiders own 79.40% of the company’s stock.

Wall Street Analyst Weigh In

CAMT has been the subject of a number of recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Camtek in a research report on Tuesday, August 11th. Barclays raised their target price on shares of Camtek from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Jefferies Financial Group boosted their target price on shares of Camtek from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Northland Securities set a $174.00 price target on shares of Camtek in a report on Wednesday, May 13th. Finally, Oppenheimer lifted their price objective on Camtek from $180.00 to $195.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $173.25.

Camtek Trading Up 5.3%

Shares of NASDAQ:CAMT opened at $138.90 on Friday. Camtek Ltd. has a 1 year low of $76.36 and a 1 year high of $215.99. The firm has a market capitalization of $6.48 billion, a price-to-earnings ratio of 217.03, a price-to-earnings-growth ratio of 2.84 and a beta of 1.56. The company has a debt-to-equity ratio of 0.69, a current ratio of 7.38 and a quick ratio of 6.58. The business’s 50 day moving average price is $147.93 and its 200-day moving average price is $163.40.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings data on Monday, August 10th. The semiconductor company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. Camtek had a net margin of 7.40% and a return on equity of 21.58%. The company had revenue of $133.24 million during the quarter, compared to analysts’ expectations of $130.44 million. During the same period in the prior year, the business posted $0.79 earnings per share. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, equities research analysts forecast that Camtek Ltd. will post 3.27 earnings per share for the current fiscal year.

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.