Camtek (NASDAQ:CAMT) Price Target Raised to $160.00 at Needham & Company LLC

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

CAMT has been the topic of a number of other research reports. Bank of America boosted their price target on shares of Camtek from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Jefferies Financial Group lifted their price objective on Camtek from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, December 15th. Stifel Nicolaus boosted their target price on Camtek from $98.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Evercore ISI raised their price target on Camtek from $100.00 to $130.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 11th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $120.00 price target on shares of Camtek in a research note on Tuesday, December 16th. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Camtek has a consensus rating of “Moderate Buy” and a consensus target price of $134.67.

Camtek Stock Down 1.0%

Shares of CAMT opened at $144.54 on Tuesday. Camtek has a 1 year low of $47.41 and a 1 year high of $150.99. 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 has a 50 day simple moving average of $114.36 and a two-hundred day simple moving average of $104.42. The firm has a market cap of $6.59 billion, a P/E ratio of 160.60, a P/E/G ratio of 3.14 and a beta of 1.55.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Wasatch Advisors LP lifted its position in shares of Camtek by 14.7% in the 3rd quarter. Wasatch Advisors LP now owns 4,020,683 shares of the semiconductor company’s stock worth $422,373,000 after purchasing an additional 513,956 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its stake in Camtek by 0.4% in the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,142,171 shares of the semiconductor company’s stock worth $182,976,000 after buying an additional 7,500 shares in the last quarter. Menora Mivtachim Holdings LTD. lifted its holdings in 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 buying an additional 497,918 shares during the period. Brown Capital Management LLC lifted its holdings in Camtek by 1.2% in the third quarter. Brown Capital Management LLC now owns 1,153,943 shares of the semiconductor company’s stock worth $121,222,000 after buying an additional 13,806 shares during the period. Finally, Vanguard Group Inc. boosted its position in Camtek by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,079,022 shares of the semiconductor company’s stock valued at $113,454,000 after acquiring an additional 15,432 shares in the last quarter. 41.93% of the stock is owned by hedge funds and other institutional investors.

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.