Needham Analyst Reaffirmed $3.00 Price Target on Camtek Ltd (NASDAQ:CAMT) stock, While Reiterating “Buy” Rating

Camtek Ltd (NASDAQ:CAMT) Rating

They currently have a $3.00 target price on Camtek Ltd (NASDAQ:CAMT). Needham’s target would suggest a potential upside of 72.41% from the company’s previous close. This was disclosed in analysts report on Friday, 12 February.

Out of 3 analysts covering Camtek Ltd (NASDAQ:CAMT), 3 rate it “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $4 is the highest target while $2.75 is the lowest. The $3.25 average target is 82.97% above today’s ($1.82) stock price. Camtek Ltd was the topic in 5 analyst reports since July 27, 2015 according to StockzIntelligence Inc. Needham maintained the stock on February 12 with “Buy” rating. Chardan Capital Markets maintained the shares of CAMT in a report on July 30 with “Buy” rating.

The stock increased 7.06% or $0.12 on February 12, hitting $1.82. About 8,063 shares traded hands. Camtek LTD. (NASDAQ:CAMT) has declined 29.73% since July 10, 2015 and is downtrending. It has underperformed by 19.53% the S&P500.

Camtek Ltd. designs, develops, makes and markets automated solutions for production processes and for the semiconductor fabrication and printed circuit boards industries. The company has a market cap of $63.82 million. The Firm offers products on two core technologies: AOI and functional ink technology (FIT). It has 34.87 P/E ratio. The Company’s AOI systems are computerized systems that optically inspect various types of electronic product components.

According to Zacks Investment Research, “Camtek Ltd., designs, develops, manufactures, and markets automatic optical inspection systems and related products. Camtek’s automatic inspection systems are used to enhance both production processes and yield for manufacturers in the printed circuit board industry, the high density interconnect substrate industry and the semiconductor manufacturing and packaging industry.”

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