Camtek (NASDAQ:CAMT) Price Target Raised to $135.00

by · The Cerbat Gem

Camtek (NASDAQ:CAMT – Free Report) had its target price boosted by Needham & Company LLC from $125.00 to $135.00 in a report published on Tuesday, Marketbeat Ratings reports. They currently have a buy rating on the semiconductor company’s stock.

CAMT has been the topic of a number of other reports. Northland Securities set a $140.00 price objective on shares of Camtek in a research report on Tuesday, October 7th. Evercore ISI boosted 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 objective on Camtek from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Finally, Barclays boosted their target price on Camtek from $85.00 to $120.00 and gave the company an “overweight” rating in a research note on Tuesday, November 11th. Eight analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Camtek has an average rating of “Moderate Buy” and a consensus target price of $126.08.

Get Our Latest Stock Analysis on CAMT

Camtek Trading Down 2.0%

NASDAQ:CAMT opened at $129.79 on Tuesday. The stock has a market cap of $5.92 billion, a PE ratio of 144.21, a price-to-earnings-growth ratio of 2.85 and a beta of 1.55. Camtek has a fifty-two week low of $47.41 and a fifty-two week high of $134.88. The company has a debt-to-equity ratio of 0.90, a current ratio of 7.58 and a quick ratio of 6.52. The stock’s 50-day moving average is $110.83 and its two-hundred day moving average is $101.07.

Institutional Trading of Camtek

A number of institutional investors and hedge funds have recently modified their holdings of the company. Analog Century Management LP bought a new stake in shares of Camtek during the 2nd quarter worth $52,321,000. Wasatch Advisors LP boosted its holdings in Camtek by 18.6% during the second quarter. Wasatch Advisors LP now owns 3,506,727 shares of the semiconductor company’s stock valued at $296,529,000 after acquiring an additional 550,072 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Camtek by 110.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,015,307 shares of the semiconductor company’s stock valued at $59,527,000 after purchasing an additional 532,944 shares during the last quarter. Menora Mivtachim Holdings LTD. increased its stake in shares of Camtek by 31.1% in the third quarter. Menora Mivtachim Holdings LTD. now owns 2,099,351 shares of the semiconductor company’s stock worth $220,537,000 after purchasing an additional 497,918 shares during the period. Finally, Millennium Management LLC increased its stake in shares of Camtek by 169.8% in the third quarter. Millennium Management LLC now owns 479,053 shares of the semiconductor company’s stock worth $50,325,000 after purchasing an additional 301,484 shares during the period. 41.93% of the stock is currently owned by institutional investors and hedge funds.

Camtek Company Profile

(Get Free Report)

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.

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