Camtek (CAMT) Receives a Buy from Needham

Needham analyst Charles Shi maintained a Buy rating on Camtek (CAMTResearch Report) today and set a price target of $36.00. The company’s shares closed last Wednesday at $29.21.

According to TipRanks.com, Shi is a 1-star analyst with an average return of -7.6% and a 34.8% success rate. Shi covers the Technology sector, focusing on stocks such as Cadence Design, Taiwan Semi, and Formfactor.

Camtek has an analyst consensus of Moderate Buy, with a price target consensus of $33.00.

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Camtek’s market cap is currently $1.25B and has a P/E ratio of 19.11.

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Camtek Ltd. manufactures metrology and inspection equipment, and provides software solutions serving the advanced packaging, memory, complementary metal-oxide-semiconductor image sensors, micro-electro mechanical systems radio frequency and other segments in the Semiconductors industry. The company provides solutions and yield-enhancement data, enabling manufacturers to improve yield and drive down their production costs. It also provides tailor-made solutions in line with customers’ requirements. The company was founded in 1987 and is headquartered in Migdal Haemek, Israel.

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