Camtek (NASDAQ:CAMT) Price Target Raised to $160.00

Camtek (NASDAQ:CAMT) had its price objective lifted by Needham & Company LLC from $135.00 to $160.00 in a research report report published on Tuesday morning, MarketBeat reports. Needham & Company LLC currently has a buy rating on the semiconductor company’s stock.

CAMT has been the topic of a number of other reports. Evercore ISI raised their price target on shares of Camtek from $100.00 to $130.00 and gave the company an “outperform” rating in a report on Tuesday, November 11th. Zacks Research downgraded shares of Camtek from a “hold” rating to a “strong sell” rating in a research note on Friday, January 2nd. B. Riley lifted their price target on shares of Camtek from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Camtek in a report on Monday, December 29th. Finally, Bank of America raised their price objective on Camtek from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Eight equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Camtek presently has an average rating of “Moderate Buy” and a consensus price target of $134.67.

Camtek Trading Down 2.4%

Shares of NASDAQ CAMT opened at $142.78 on Tuesday. Camtek has a 1-year low of $47.41 and a 1-year high of $151.24. The business has a fifty day moving average price of $116.09 and a 200 day moving average price of $104.98. The stock has a market capitalization of $6.51 billion, a P/E ratio of 158.64, a price-to-earnings-growth ratio of 3.15 and a beta of 1.55. The company has a debt-to-equity ratio of 0.90, a current ratio of 7.58 and a quick ratio of 6.52.

Institutional Trading of Camtek

Several large investors have recently added to or reduced their stakes in CAMT. Advisors Asset Management Inc. raised its stake in shares of Camtek by 61.6% in 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 last quarter. Goldman Sachs Group Inc. increased its holdings in Camtek by 12.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 149,223 shares of the semiconductor company’s stock worth $8,749,000 after buying an additional 16,117 shares during the period. Taylor Frigon Capital Management LLC increased its holdings in Camtek by 18.2% in the 2nd quarter. Taylor Frigon Capital Management LLC now owns 32,518 shares of the semiconductor company’s stock worth $2,750,000 after buying an additional 5,005 shares during the period. Blue Trust Inc. raised its position in Camtek by 34.9% during the 2nd quarter. Blue Trust Inc. now owns 5,716 shares of the semiconductor company’s stock worth $483,000 after buying an additional 1,479 shares during the last quarter. Finally, Aberdeen Group plc lifted its stake in Camtek by 12.0% during the 2nd quarter. Aberdeen Group plc now owns 217,189 shares of the semiconductor company’s stock valued at $18,463,000 after acquiring an additional 23,218 shares during the period. Hedge funds and other institutional investors own 41.93% of the company’s stock.

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.