Camtek (NASDAQ:CAMT) Price Target Raised to $112.00

Camtek (NASDAQ:CAMTFree Report) had its price objective raised by Bank of America from $98.00 to $112.00 in a report issued on Wednesday morning, Benzinga reports. Bank of America currently has a buy rating on the semiconductor company’s stock.

CAMT has been the subject of a number of other research reports. Evercore ISI started coverage on shares of Camtek in a research report on Tuesday, April 16th. They set an outperform rating and a $100.00 target price for the company. Barclays increased their price objective on shares of Camtek from $90.00 to $105.00 and gave the stock an overweight rating in a report on Friday, May 10th. Needham & Company LLC upped their price objective on Camtek from $92.00 to $106.00 and gave the stock a buy rating in a report on Friday, May 10th. Northland Securities downgraded shares of Camtek from an outperform rating to a market perform rating in a research note on Thursday, May 16th. Finally, Jefferies Financial Group assumed coverage on Camtek in a research note on Monday, May 13th. They issued a buy rating and a $120.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $96.25.

Check Out Our Latest Stock Report on CAMT

Camtek Trading Up 1.6 %

NASDAQ:CAMT opened at $105.85 on Wednesday. The company has a market capitalization of $4.75 billion, a PE ratio of 59.80, a price-to-earnings-growth ratio of 2.24 and a beta of 1.39. Camtek has a 52-week low of $27.54 and a 52-week high of $106.78. The stock has a fifty day simple moving average of $85.31 and a 200-day simple moving average of $76.61. The company has a quick ratio of 3.08, a current ratio of 3.66 and a debt-to-equity ratio of 0.44.

Camtek Dividend Announcement

The business also recently declared a Variable dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, April 4th were paid a $1.33 dividend. The ex-dividend date was Wednesday, April 3rd. Camtek’s dividend payout ratio (DPR) is presently 75.14%.

Hedge Funds Weigh In On Camtek

Hedge funds have recently bought and sold shares of the company. Tidal Investments LLC bought a new stake in shares of Camtek during the 1st quarter valued at about $1,716,000. Hood River Capital Management LLC boosted its stake in Camtek by 1.9% during the 1st quarter. Hood River Capital Management LLC now owns 691,780 shares of the semiconductor company’s stock valued at $57,950,000 after purchasing an additional 13,094 shares during the period. Truvestments Capital LLC grew its position in Camtek by 5.2% in the 1st quarter. Truvestments Capital LLC now owns 10,191 shares of the semiconductor company’s stock worth $854,000 after purchasing an additional 507 shares during the last quarter. Axxcess Wealth Management LLC boosted its position in Camtek by 7.6% during the 1st quarter. Axxcess Wealth Management LLC now owns 11,743 shares of the semiconductor company’s stock worth $984,000 after acquiring an additional 833 shares during the period. Finally, Lord Abbett & CO. LLC acquired a new position in Camtek during the 1st quarter valued at about $55,026,000. 41.93% of the stock is currently owned by institutional investors and hedge funds.

About Camtek

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Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for semiconductor industry. The company provides 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 address the challenges fanout wafer level packaging applications.

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Analyst Recommendations for Camtek (NASDAQ:CAMT)

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