Camtek (NASDAQ:CAMT) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

Camtek (NASDAQ:CAMT) had its target price boosted by Needham & Company LLC from $125.00 to $135.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s price target would suggest a potential upside of 8.98% from the stock’s previous close.

Several other research firms also recently issued reports on CAMT. Jefferies Financial Group upped their price target on Camtek from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. Wall Street Zen lowered Camtek from a “hold” rating to a “sell” rating in a report on Saturday. Barclays upped their target price on Camtek from $85.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 11th. Morgan Stanley started coverage on shares of Camtek in a research report on Monday, December 1st. They issued an “equal weight” rating and a $110.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Camtek in a report on Monday, December 29th. Nine investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Camtek presently has an average rating of “Moderate Buy” and a consensus price target of $126.08.

Camtek Trading Up 7.3%

Shares of NASDAQ:CAMT opened at $123.88 on Tuesday. 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 has a market capitalization of $5.65 billion, a PE ratio of 137.64, a P/E/G ratio of 2.49 and a beta of 1.55. Camtek has a 1 year low of $47.41 and a 1 year high of $129.41. The firm has a fifty day moving average price of $110.33 and a 200 day moving average price of $100.23.

Institutional Trading of Camtek

Hedge funds have recently bought and sold shares of the stock. Analog Century Management LP bought a new stake in shares of Camtek during the second quarter valued at approximately $52,321,000. Wasatch Advisors LP increased its position in shares of Camtek by 18.6% during the 2nd quarter. Wasatch Advisors LP now owns 3,506,727 shares of the semiconductor company’s stock worth $296,529,000 after purchasing an additional 550,072 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake 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 acquiring an additional 532,944 shares during the last quarter. Menora Mivtachim Holdings LTD. raised its position in Camtek by 31.1% in the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 2,099,351 shares of the semiconductor company’s stock valued at $220,537,000 after purchasing an additional 497,918 shares during the last quarter. 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 valued at $50,325,000 after buying an additional 301,484 shares in the last quarter. 41.93% of the stock is owned by institutional investors.

Camtek Company Profile

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.