Northland Securities Maintains a Buy Rating on Camtek Ltd (CAMT)
Northland Securities analyst Gus Richard maintained a Buy rating on Camtek Ltd (CAMT) today and set a price target of $14. The company’s shares opened today at $8.50.
According to TipRanks.com, Richard is a 5-star analyst with an average return of 20.1% and a 61.7% success rate. Richard covers the Consumer Goods sector, focusing on stocks such as Adesto Technologies Corp, SolarEdge Technologies, and Akoustis Technologies.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Camtek Ltd with a $14 average price target.
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Based on Camtek Ltd’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $6.03 million. In comparison, last year the company had a net profit of $4.33 million.
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Camtek Ltd. manufactures metrology and inspection equipment, and provides software solutions serving the advanced packaging, memory, complementary metal-oxide-semiconductor image sensors, micro-electro mechanical systems radio frequency and other segments in the Semiconductors industry.