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

Camtek (NASDAQ:CAMT) had its price objective boosted by Bank of America from $140.00 to $160.00 in a report published on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the semiconductor company’s stock.

A number of other equities analysts have also recently commented on CAMT. Wall Street Zen raised shares of Camtek from a “sell” rating to a “hold” rating in a report on Sunday, January 11th. Needham & Company LLC lifted their price objective on shares of Camtek from $125.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Morgan Stanley assumed coverage on Camtek in a research report on Monday, December 1st. They set an “equal weight” rating and a $110.00 price objective for the company. The Goldman Sachs Group reissued a “neutral” rating and set a $141.00 target price on shares of Camtek in a research note on Friday, January 9th. Finally, Jefferies Financial Group increased their price objective on shares of Camtek from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Camtek presently has an average rating of “Moderate Buy” and an average price target of $132.58.

Camtek Stock Performance

Shares of Camtek stock opened at $144.38 on Tuesday. The firm has a market cap of $6.58 billion, a PE ratio of 160.42, a price-to-earnings-growth ratio of 2.86 and a beta of 1.55. The company has a quick ratio of 6.52, a current ratio of 7.58 and a debt-to-equity ratio of 0.90. Camtek has a 52 week low of $47.41 and a 52 week high of $150.00. The business’s fifty day simple moving average is $112.32 and its 200-day simple moving average is $102.99.

Institutional Investors Weigh In On Camtek

A number of institutional investors and hedge funds have recently modified their holdings of the stock. HBK Sorce Advisory LLC boosted its position in Camtek by 1.4% during the second quarter. HBK Sorce Advisory LLC now owns 8,645 shares of the semiconductor company’s stock worth $731,000 after purchasing an additional 121 shares during the period. Blue Trust Inc. boosted its stake in Camtek by 2.8% in the third quarter. Blue Trust Inc. now owns 5,877 shares of the semiconductor company’s stock worth $617,000 after purchasing an additional 161 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Camtek by 23.8% during the second quarter. Advisors Asset Management Inc. now owns 952 shares of the semiconductor company’s stock worth $81,000 after acquiring an additional 183 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Camtek by 4.7% during the 2nd quarter. Cetera Investment Advisers now owns 4,841 shares of the semiconductor company’s stock worth $409,000 after buying an additional 217 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Camtek by 0.7% in the second quarter. Geode Capital Management LLC now owns 39,420 shares of the semiconductor company’s stock valued at $3,333,000 after buying an additional 279 shares during the period. 41.93% of the stock is owned by institutional investors and hedge funds.

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.