Insider Selling: Camtek (NASDAQ:CAMT) COO Sells $1,100,607.84 in Stock

Camtek Ltd. (NASDAQ:CAMT) COO Ram Langer sold 6,387 shares of Camtek stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $172.32, for a total transaction of $1,100,607.84. Following the completion of the transaction, the chief operating officer directly owned 17,532 shares of the company’s stock, valued at approximately $3,021,114.24. This represents a 26.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Camtek Stock Performance

Shares of CAMT stock opened at $165.38 on Monday. The company has a market cap of $7.72 billion, a P/E ratio of 258.41, a PEG ratio of 3.68 and a beta of 1.58. The business has a 50 day moving average of $158.11 and a two-hundred day moving average of $163.88. Camtek Ltd. has a 52 week low of $75.75 and a 52 week 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.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings results 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 return on equity of 21.58% and a net margin of 7.40%.The business had revenue of $133.24 million for the quarter, compared to analysts’ expectations of $130.44 million. During the same period in the prior year, the firm earned $0.79 EPS. The business’s quarterly revenue was up 8.0% on a year-over-year basis. As a group, analysts anticipate that Camtek Ltd. will post 3.16 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on CAMT. Oppenheimer upped their price target on shares of 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 report on Monday, August 10th. Weiss Ratings restated a “hold (c)” rating on shares of Camtek in a research note on Tuesday, August 11th. Needham & Company LLC increased their price objective on shares of Camtek from $175.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Finally, Northland Securities set a $174.00 price objective on Camtek in a report on Wednesday, May 13th. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Camtek currently has an average rating of “Moderate Buy” and a consensus price target of $173.25.

Institutional Investors Weigh In On Camtek

Hedge funds and other institutional investors have recently made changes to their positions in the company. Daiwa Securities Group Inc. lifted its stake in shares of Camtek by 202.0% in 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 last quarter. Advisory Services Network LLC bought a new position in shares of Camtek in the 3rd quarter valued at approximately $32,000. Fifth Third Bancorp bought a new position in shares of Camtek in the 1st quarter valued at approximately $42,000. EverSource Wealth Advisors LLC lifted its holdings in Camtek by 46.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 298 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 95 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted 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 worth $45,000 after purchasing an additional 293 shares during the period. 41.93% of the stock is owned by hedge funds and other 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.