Camtek price target raised to $55 from $46 at Barclays

Barclays analyst Tom O’Malley raised the firm’s price target on Camtek to $55 from $46 and keeps an Equal Weight rating on the shares after the company acquired FormFactor’s FRT Metrology business for $100M in cash. The deal deepens Camtek’s commitment to heterogeneous integration and silicon carbide by buying into more steps at existing customers in metrology and inspection, the analyst tells investors in a research note.