Camtek price target raised to $140 from $105 at Barclays

Barclays analyst Tom O’Malley raised the firm’s price target on Camtek to $140 from $105 and keeps an Overweight rating on the shares after the firm hosted a call with the company to discuss artificial intelligence’s impact on its inspection and metrology business. Camtek raised its total manufacturing footprint to $600M from $500M and remains comfortable with its competitive positioning, the analyst tells investors in a research note. The firm says Camtek views itself as the industry standard for 3D packaging and remains focused on supplying the leading edge of advanced packaging.