Needham & Company LLC Issues Positive Forecast for Camtek (NASDAQ:CAMT) Stock Price

Camtek (NASDAQ:CAMT) had its price target increased by stock analysts at Needham & Company LLC from $135.00 to $160.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s price objective would suggest a potential upside of 9.64% from the stock’s current price.

A number of other research firms have also recently issued reports on CAMT. Weiss Ratings reissued a “hold (c+)” rating on shares of Camtek in a research note on Monday, December 29th. Cantor Fitzgerald reiterated a “neutral” rating and set a $120.00 price objective on shares of Camtek in a report on Tuesday, December 16th. Wall Street Zen upgraded Camtek from a “sell” rating to a “hold” rating in a research report on Sunday, January 11th. Zacks Research downgraded shares of Camtek from a “hold” rating to a “strong sell” rating in a report on Friday, January 2nd. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $141.00 price target on shares of Camtek in a research note on Friday, January 9th. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.67.

Camtek Price Performance

Shares of CAMT stock opened at $145.93 on Tuesday. 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 12-month low of $47.41 and a 12-month high of $150.99. The firm has a fifty day moving average of $113.55 and a 200-day moving average of $104.05. The firm has a market capitalization of $6.65 billion, a price-to-earnings ratio of 162.14, a price-to-earnings-growth ratio of 3.14 and a beta of 1.55.

Institutional Trading of Camtek

Several institutional investors and hedge funds have recently bought and sold shares of CAMT. Advisors Asset Management Inc. lifted its stake in Camtek by 61.6% in the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 293 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of 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 buying an additional 16,117 shares during the last quarter. Taylor Frigon Capital Management LLC boosted its stake in shares of 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 acquiring an additional 5,005 shares during the period. Blue Trust Inc. increased its holdings in shares of Camtek by 34.9% during the 2nd quarter. Blue Trust Inc. now owns 5,716 shares of the semiconductor company’s stock worth $483,000 after acquiring an additional 1,479 shares during the last quarter. Finally, Aberdeen Group plc raised its stake in Camtek by 12.0% in the 2nd quarter. Aberdeen Group plc now owns 217,189 shares of the semiconductor company’s stock valued at $18,463,000 after acquiring an additional 23,218 shares during the period. Institutional investors own 41.93% of the company’s stock.

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.