Northland upgrades Camtek to Outperform, says 39% selloff ‘overdone’

As previously reported, Northland upgraded Camtek to Outperform from Market Perform with a $99 price target. Shares are down 39% from their all-time high and 14% below the firm’s price target, notes the analyst, who believes the selloff is “overdone” and that the company will likely outperform the semiconductor capital equipment sector over the next 12 months. The firm, which also believes a recovery of mobile phone demand would drive upside to its calendar year 2025 estimates, views Camtek as “well positioned in one of the industry’s highest growth segments,” the analyst tells investors.