Camtek (NASDAQ:CAMT) had its price objective increased by equities researchers at Needham & Company LLC from $18.00 to $21.00 in a research note issued to investors on Wednesday, AR Network reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s price target would indicate a potential upside of 14.57% from the stock’s previous close.
Other equities analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Camtek from a “buy” rating to a “hold” rating in a report on Thursday, October 1st. B. Riley lifted their price target on shares of Camtek from $21.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday. Finally, BidaskClub downgraded shares of Camtek from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 22nd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $21.00.
NASDAQ:CAMT opened at $18.33 on Wednesday. The company has a 50-day moving average of $16.90 and a 200-day moving average of $14.03. The company has a market capitalization of $709.77 million, a price-to-earnings ratio of 42.63 and a beta of 1.71. Camtek has a 52 week low of $6.26 and a 52 week high of $19.65.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Meitav Dash Investments Ltd. raised its stake in shares of Camtek by 3.5% in the second quarter. Meitav Dash Investments Ltd. now owns 347,814 shares of the semiconductor company’s stock worth $4,355,000 after acquiring an additional 11,920 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Camtek in the first quarter worth about $2,501,000. Morgan Stanley raised its stake in shares of Camtek by 25.0% in the first quarter. Morgan Stanley now owns 240,314 shares of the semiconductor company’s stock worth $2,024,000 after acquiring an additional 48,102 shares during the last quarter. State of Tennessee Treasury Department raised its stake in shares of Camtek by 8.0% in the second quarter. State of Tennessee Treasury Department now owns 96,797 shares of the semiconductor company’s stock worth $1,218,000 after acquiring an additional 7,150 shares during the last quarter. Finally, State Street Corp grew its position in shares of Camtek by 420.4% during the 1st quarter. State Street Corp now owns 83,468 shares of the semiconductor company’s stock worth $703,000 after buying an additional 67,429 shares during the period. 29.00% of the stock is owned by institutional investors.
Camtek Ltd. develops, manufactures, and sells metrology and inspection equipment for the advanced interconnect packaging, memory, complementary metal oxide semiconductor image sensors, micro-electro mechanical systems, radio frequency, and other segments of the semiconductor industry. It provides inspection and metrology systems, including Eagle i, a system that delivers 2D inspection and metrology capabilities; Eagle AP, which addresses the advanced packaging market using software and hardware technologies that deliver superior 2D and 3D inspection and metrology capabilities on the same platform; and Golden Eagle, a panel inspection and metrology system to support the manufacturing of panel wafers used in the manufacturing of fan-out level packaging applications.
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