Insider Selling: Camtek (NASDAQ:CAMT) CEO Sells $1,065,750.00 in Stock

Camtek Ltd. (NASDAQ:CAMT) CEO Rafi Amit sold 6,250 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $170.52, for a total transaction 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. The trade was a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Camtek Stock Down 3.3%

Shares of NASDAQ:CAMT opened at $150.65 on Thursday. 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 stock has a market cap of $7.03 billion, a price-to-earnings ratio of 235.39, a P/E/G ratio of 3.47 and a beta of 1.58. The company has a 50 day moving average of $157.61 and a 200-day moving average of $164.05. Camtek Ltd. has a one year low of $75.75 and a one year high of $215.99.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings data on Monday, August 10th. The semiconductor company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.02. Camtek had a net margin of 7.40% and a return on equity of 21.58%. The business had revenue of $133.24 million for the quarter, compared to analyst estimates of $130.44 million. During the same period in the prior year, the business posted $0.79 earnings per share. Camtek’s revenue was up 8.0% compared to the same quarter last year. On average, sell-side analysts forecast that Camtek Ltd. will post 3.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CAMT shares. Oppenheimer raised their price target on Camtek from $180.00 to $195.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Stifel Nicolaus set a $170.00 target price on Camtek in a research note on Monday, August 10th. Barclays increased their target price on Camtek from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Northland Securities set a $174.00 target price on Camtek in a report on Wednesday, May 13th. Finally, Morgan Stanley decreased their target price on Camtek from $167.00 to $165.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 11th. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Camtek currently has an average rating of “Moderate Buy” and an average target price of $173.25.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new stake in Camtek in the 2nd quarter valued at approximately $1,217,000. Compass Financial Management LLC bought a new position in shares of Camtek during the 2nd quarter worth approximately $57,000. Annex Advisory Services LLC grew its stake in shares of Camtek by 51.1% during the 2nd quarter. Annex Advisory Services LLC now owns 15,272 shares of the semiconductor company’s stock worth $2,491,000 after acquiring an additional 5,167 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of 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 purchasing an additional 117 shares during the last quarter. Finally, Cim LLC raised its holdings in shares of Camtek by 168.7% in the first quarter. Cim LLC now owns 15,536 shares of the semiconductor company’s stock valued at $2,355,000 after purchasing an additional 9,755 shares during the last quarter. 41.93% of the stock is currently owned by institutional investors.

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.