The Goldman Sachs Group Initiates Coverage on Camtek (NASDAQ:CAMT)

Investment analysts at The Goldman Sachs Group started coverage on shares of Camtek (NASDAQ:CAMT) in a research note issued on Monday, Marketbeat Ratings reports. The brokerage set a “hold” rating and a $123.00 price target on the semiconductor company’s stock. The Goldman Sachs Group’s target price suggests a potential upside of 10.50% from the company’s current price.

CAMT has been the subject of a number of other research reports. Northland Securities set a $140.00 target price on Camtek in a report on Tuesday, October 7th. B. Riley upped their price objective on Camtek from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Stifel Nicolaus raised their price objective on shares of Camtek from $98.00 to $115.00 and gave the company a “buy” rating in a report on Monday, October 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Camtek in a research report on Monday. Finally, Bank of America upgraded shares of Camtek from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $95.00 to $135.00 in a report on Monday, October 13th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $123.00.

Camtek Stock Up 1.8%

Shares of NASDAQ:CAMT opened at $111.31 on Monday. Camtek has a 52-week low of $47.41 and a 52-week high of $129.41. The company has a market capitalization of $5.07 billion, a PE ratio of 123.68, a price-to-earnings-growth ratio of 2.76 and a beta of 1.57. The company has a debt-to-equity ratio of 0.90, a quick ratio of 6.52 and a current ratio of 7.58. The company has a fifty day moving average of $113.11 and a 200-day moving average of $96.67.

Institutional Investors Weigh In On Camtek

A number of hedge funds have recently added to or reduced their stakes in CAMT. Advisory Services Network LLC bought a new position in shares of Camtek during the 3rd quarter worth approximately $32,000. Advisors Asset Management Inc. boosted its stake in Camtek by 61.6% during the first quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 293 shares in the last quarter. Rothschild Investment LLC bought a new position in Camtek during the third quarter worth $54,000. Optimum Investment Advisors grew its holdings in Camtek by 60.0% in the second quarter. Optimum Investment Advisors now owns 1,200 shares of the semiconductor company’s stock worth $101,000 after purchasing an additional 450 shares during the period. Finally, NewEdge Advisors LLC bought a new stake in Camtek in the third quarter valued at $205,000. 41.93% of the stock is currently owned by institutional investors.

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.