Camtek Ltd. (NASDAQ:CAMT – Get Free Report)’s stock price gapped up before the market opened on Tuesday. The stock had previously closed at $142.61, but opened at $151.02. Camtek shares last traded at $150.15, with a volume of 34,129 shares changing hands.
Wall Street Analyst Weigh In
CAMT has been the topic of several analyst reports. Cantor Fitzgerald reissued a “neutral” rating and set a $175.00 target price on shares of Camtek in a report on Tuesday, September 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Camtek in a research note on Tuesday, August 11th. Morgan Stanley cut their price objective on shares of Camtek from $165.00 to $152.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Stifel Nicolaus set a $170.00 price objective on shares of Camtek in a research note on Monday, August 10th. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $176.75.
Check Out Our Latest Stock Report on CAMT
Camtek Price Performance
Camtek (NASDAQ:CAMT – Get Free Report) last released 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 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 analyst estimates of $130.44 million. Camtek’s revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $0.79 earnings per share. As a group, research analysts anticipate that Camtek Ltd. will post 3.27 earnings per share for the current year.
Insider Buying and Selling
In other Camtek news, CEO Rafi Amit sold 6,250 shares of the business’s stock in a transaction on 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 sale, the chief executive officer owned 55,350 shares of the company’s stock, 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 filing with the SEC, which can be accessed through the SEC website. Also, VP Orit Geva-Dvash sold 508 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $175.00, for a total value of $88,900.00. Following the sale, the vice president owned 5,205 shares in the company, valued at $910,875. This represents a 8.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,843 shares of company stock worth $4,514,249 in the last quarter. Corporate insiders own 79.40% of the company’s stock.
Hedge Funds Weigh In On Camtek
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Raiffeisen Bank International AG boosted its stake in shares of Camtek by 26.3% in the 4th quarter. Raiffeisen Bank International AG now owns 120,000 shares of the semiconductor company’s stock valued at $13,032,000 after purchasing an additional 25,000 shares during the last quarter. Y.D. More Investments Ltd raised its stake in Camtek by 20.8% during the first quarter. Y.D. More Investments Ltd now owns 783,365 shares of the semiconductor company’s stock worth $114,901,000 after buying an additional 134,791 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Camtek during the first quarter worth $7,225,000. Analog Century Management LP lifted its holdings in Camtek by 14.8% in the fourth quarter. Analog Century Management LP now owns 693,720 shares of the semiconductor company’s stock valued at $73,774,000 after buying an additional 89,461 shares during the period. Finally, Cim LLC lifted its holdings in 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 buying an additional 9,755 shares during the period. 41.93% of the stock is owned by institutional investors and hedge funds.
Camtek Company Profile
Camtek Ltd. (NASDAQ: CAMT) is an Israel-based semiconductor equipment company that develops, manufactures and sells automated inspection and metrology systems. Its technologies are used to detect defects, measure wafer and package characteristics, and support process control during semiconductor manufacturing and advanced packaging.
The company’s product portfolio includes inspection systems for wafers, substrates and semiconductor packages, as well as metrology solutions and related software.
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