Camtek (NASDAQ:CAMT) Given New $160.00 Price Target at Bank of America

Camtek (NASDAQ:CAMT) had its price target increased by Bank of America from $140.00 to $160.00 in a research report released on Tuesday morning,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

Other equities analysts have also issued reports about the company. Wall Street Zen raised Camtek from a “sell” rating to a “hold” rating in a research note on Sunday. Zacks Research lowered shares of Camtek from a “hold” rating to a “strong sell” rating in a report on Friday, January 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Camtek in a research report on Monday, December 29th. Needham & Company LLC increased their price objective on shares of Camtek from $125.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Finally, Evercore ISI raised their target price on shares of Camtek from $100.00 to $130.00 and gave the company an “outperform” rating in a research note on Tuesday, November 11th. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $129.67.

Camtek Trading Down 0.9%

Shares of CAMT opened at $136.61 on Tuesday. Camtek has a twelve month low of $47.41 and a twelve month high of $150.00. The firm has a market capitalization of $6.23 billion, a P/E ratio of 151.79, a price-to-earnings-growth ratio of 2.97 and a beta of 1.55. The company has a current ratio of 7.58, a quick ratio of 6.52 and a debt-to-equity ratio of 0.90. The stock’s fifty day simple moving average is $111.65 and its 200 day simple moving average is $102.49.

Institutional Investors Weigh In On Camtek

A number of large investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its holdings in Camtek by 61.6% in the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock worth $45,000 after buying an additional 293 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Camtek by 12.1% in the first quarter. Goldman Sachs Group Inc. now owns 149,223 shares of the semiconductor company’s stock valued at $8,749,000 after purchasing an additional 16,117 shares during the last quarter. Lifestyle Asset Management Inc. acquired a new stake in Camtek during the 2nd quarter valued at approximately $368,000. Taylor Frigon Capital Management LLC increased its holdings in Camtek by 18.2% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 32,518 shares of the semiconductor company’s stock worth $2,750,000 after purchasing an additional 5,005 shares during the last quarter. Finally, Blue Trust Inc. raised its position in shares of Camtek by 34.9% in the 2nd quarter. Blue Trust Inc. now owns 5,716 shares of the semiconductor company’s stock valued at $483,000 after purchasing an additional 1,479 shares in the last quarter. 41.93% of the stock is owned by institutional investors and hedge funds.

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.