Camtek (NASDAQ:CAMT) Stock Price Expected to Rise, Bank of America Analyst Says

Camtek (NASDAQ:CAMT) had its price target upped by analysts at Bank of America from $140.00 to $160.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Bank of America‘s price target would suggest a potential upside of 20.37% from the stock’s previous close.

A number of other analysts have also recently issued reports on CAMT. Stifel Nicolaus lifted their price objective on Camtek from $98.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, October 13th. B. Riley increased their price objective on Camtek from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $120.00 price objective on shares of Camtek in a research report on Tuesday, December 16th. Evercore ISI boosted their target price on shares of Camtek from $100.00 to $130.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 11th. Finally, Zacks Research lowered shares of Camtek from a “hold” rating to a “strong sell” rating in a research note on Friday, January 2nd. Eight equities research 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $129.67.

Camtek Stock Performance

CAMT stock opened at $132.92 on Tuesday. The firm has a 50 day simple moving average of $111.84 and a 200 day simple moving average of $102.70. Camtek has a 52 week low of $47.41 and a 52 week high of $150.00. The stock has a market cap of $6.06 billion, a P/E ratio of 147.69, a P/E/G ratio of 2.94 and a beta of 1.55. The company has a debt-to-equity ratio of 0.90, a quick ratio of 6.52 and a current ratio of 7.58.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CAMT. Wasatch Advisors LP lifted its position in Camtek by 14.7% during the 3rd quarter. Wasatch Advisors LP now owns 4,020,683 shares of the semiconductor company’s stock worth $422,373,000 after acquiring an additional 513,956 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of 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 purchasing an additional 7,500 shares during the period. Menora Mivtachim Holdings LTD. lifted its position in shares of Camtek by 31.1% during the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 2,099,351 shares of the semiconductor company’s stock worth $220,537,000 after purchasing an additional 497,918 shares during the last quarter. Brown Capital Management LLC boosted its stake in Camtek by 1.2% during the 3rd quarter. Brown Capital Management LLC now owns 1,153,943 shares of the semiconductor company’s stock valued at $121,222,000 after purchasing an additional 13,806 shares during the period. Finally, Vanguard Group Inc. boosted its stake 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 purchasing an additional 15,432 shares during the period. 41.93% of the stock is currently 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.