Northland Capital Markets analyst Gus Richard raised the price target on Camtek (NASDAQ: CAMT) to $16.00 (from $15.00) while maintaining a Outperform rating.

Richard notes CAMT continues to significantly outperform other capital equipment companies driven by 1) Advanced packaging driving smaller and faster, 2) CMOS image sensor capacity expansion, 3) Need for higher speed memory interfaces, 4) Market share gains in D and front-end macro inspection, 5) New product and applications: Side wall cracks inspection, VSCEL and front-end macro defect inspection.