Camtek price target raised to $125 from $106 at Needham

Needham raised the firm’s price target on Camtek to $125 from $106 and keeps a Buy rating on the shares. The announcement by Hanmi Semiconductor regarding a major order from SK Hynix that is worth about $110M should dispel any concern about High Bandwidth Memory CapEx air pocket into the second half of the year and is a positive read-through to Camtek – the best U.S.-listed HBM equipment name, the analyst tells investors in a research note.