Camtek (NASDAQ:CAMT) Coverage Initiated at The Goldman Sachs Group

Analysts at The Goldman Sachs Group started coverage on shares of Camtek (NASDAQ:CAMT) in a report issued on Monday, MarketBeat Ratings reports. The firm set a “hold” rating and a $123.00 price target on the semiconductor company’s stock. The Goldman Sachs Group’s target price would suggest a potential upside of 11.49% from the company’s previous close.

A number of other research firms also recently commented on CAMT. Northland Securities set a $140.00 price objective on Camtek in a report on Tuesday, October 7th. Barclays upped their price target on Camtek from $85.00 to $120.00 and gave the company an “overweight” rating in a research note on Tuesday, November 11th. Stifel Nicolaus lifted their price objective on shares of Camtek from $98.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. B. Riley boosted their price objective on shares of Camtek from $120.00 to $145.00 and gave the company a “buy” rating in a report on Friday, October 10th. Finally, Jefferies Financial Group increased their target price on shares of Camtek from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Monday. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $123.00.

Camtek Price Performance

CAMT opened at $110.33 on Monday. The company has a fifty day moving average price of $113.11 and a two-hundred day moving average price of $96.67. The company has a debt-to-equity ratio of 0.90, a quick ratio of 6.52 and a current ratio of 7.58. Camtek has a 52 week low of $47.41 and a 52 week high of $129.41. The firm has a market capitalization of $5.03 billion, a PE ratio of 122.58, a P/E/G ratio of 2.76 and a beta of 1.57.

Institutional Investors Weigh In On Camtek

A number of hedge funds have recently made changes to their positions in the stock. Wasatch Advisors LP increased its holdings in Camtek by 14.7% in the 3rd quarter. Wasatch Advisors LP now owns 4,020,683 shares of the semiconductor company’s stock worth $422,373,000 after purchasing an additional 513,956 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its position in Camtek by 0.4% during the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,142,171 shares of the semiconductor company’s stock worth $182,976,000 after buying an additional 7,500 shares during the period. Menora Mivtachim Holdings LTD. grew its holdings in 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 acquiring an additional 497,918 shares during the last quarter. Brown Capital Management LLC increased its position in Camtek by 1.2% in 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 acquiring an additional 13,806 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Camtek by 1.5% during the third quarter. Vanguard Group Inc. now owns 1,079,022 shares of the semiconductor company’s stock valued at $113,454,000 after acquiring an additional 15,432 shares during the last quarter. 41.93% of the stock is currently owned by institutional investors and hedge funds.

About Camtek

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.