Camtek LTD. (NASDAQ:CAMT)

Gravity Immaterial for Camtek LTD. (NASDAQ:CAMT)

Camtek LTD. (NASDAQ:CAMT)

Camtek LTD. (NASDAQ:CAMT) is up over 90% since the May 8th closing price of $4.03. Today CAMT closed at $7.67 – an all-time high. Today’s volumes were massive. Over 2.7 million shares traded hands for a stock that has a 30-day, daily average volume of less than 285,000.

Performance History

The upward move began in June of 2016 when shares could be bought for under $2.00. In the 12 months that have followed, CAMT prices have finished the month lower than they began only three times. YTD, the NASDAQ Composite Index has gained 20.57% while CAMT has gained over 133%. In the past year, CAMT has gained over 285% while the NASDAQ has gained just 29.8%. Camtek LTD. (NASDAQ:CAMT) shares have a Relative Strength Index (RSI) of over 91. That is serious nosebleed territory when one considers that an RSI figure of 70 is generally regarded as the level when a stock is indicated to have begun entering “overbought” territory.

What Camtek Does

Founded in 1987, Camtek LTD. (NASDAQ:CAMT) is a technology-based company with headquarters and operations in Israel. Camtek designs, develops, and markets automated optical inspection (AOI) equipment for use in the manufacture of semiconductor wafers, integrated circuit substrates, and printed circuit boards. The AOI systems are used to detect defects that may have happened in the manufacturing process. Camtek also is in the business of providing ink technology products for the electronic manufacturing sector. Camtek markets its products globally.

How The Move Began

According to Zack’s Research, quarterly earnings per share were estimated at around $0.06 per share one month ago but those estimates are now 50% higher at $0.09 per share. For the year, Zack’s consensus estimates have been raised from $0.28 EPS to $0.36 EPS. Should Camtek LTD. (NASDAQ:CAMT) hit those figures it would be quite a gain from 2015 when shareholders experienced an EPS loss of (-$0.30) but were followed up in 2016 with a profit of $0.13 EPS. Sales have improved each and every year since 2012 when Camtek LTD. (NASDAQ:CAMT) reported sales of $84.5 million. By 2016 sales were reported at $109.5 million.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. All information, or data, is provided with no guarantees of accuracy.

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About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

Camtek LTD. (NASDAQ:CAMT)

Camtek LTD. (NASDAQ:CAMT) Edges Higher After Record Q1 Financial Results

Camtek LTD. (NASDAQ:CAMT)

Camtek LTD. (NASDAQ:CAMT) continues to edge higher in the market as investor sentiment was bolstered by record first quarter financial results. The provider of automated and technological solutions says it generated a net profit of $3.3 million in the quarter up from a net income of $24,000 in Q1 2016.

Record Q1 Financials

Camtek LTD. (NASDAQ:CAMT)’s revenues in the quarter were up by 26% – coming in at $30.8 million, compared to revenues of $24.5 million reported last year. Gross profit on a GAAP basis totaled $14.8 million compared to $10.3 million as of Q1 2016 and $13.4 million in the fourth quarter.

Operating profit in the quarter soared to $3.9 million, representing 12.6% of total revenues, from $0.4 million as of the first quarter of last year. Camtek LTD. (NASDAQ:CAMT)’s cash and cash equivalent as of the end of the quarter totaled $24.3 million up from $19.7 million as of December 31, 2016.

“This is an excellent start to 2017, which demonstrates we are executing well on our strategy and plans. Our results mark the best quarter in our history from the revenue standpoint, with exceptionally strong cash flow and a multi-year high in margins. Our solid performance was driven by strength across all our business parts and the advanced packaging market in particular that remains one of the fastest-growing segments of the semiconductor capital equipment space,” said CEO, Rafi Amit.

According to the CEO, Camtek LTD. (NASDAQ:CAMT) should continue to register robust growth in the second quarter given the current positive business environment. The executive expects revenue in the quarter to come in between $33 and $34 million pointing to another stellar year on the earnings front.

Shelf Registration

During the quarter Camtek LTD. (NASDAQ:CAMT) filed a shelf registration statement with the U.S Securities Exchange Commission. If approved, the company will be able to carry out public offerings of up to $50 million. Approval would also allow the company to sell up to 6 million of its ordinary shares. Net proceeds from the sale of ordinary shares would be received by the selling shareholders.

Camtek LTD. (NASDAQ:CAMT)’s impressive run in recent weeks has seen it register a new 52-week high in the market of $6.34 a share. The stock is currently trading in a range between $5.73 and $6.34 a share. In Thursday’s trading session, the stock rallied by 7.85% to close the day at $6.18 a share.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading.

 

Camtek LTD. (NASDAQ:CAMT) Rallies on Record Q1 Profit

Camtek LTD. (NASDAQ:CAMT)

Shares of Camtek LTD. (NASDAQ:CAMT) were trading higher in the market after the company posted a record Q1 2017 profit of $3.3 million or $0.09 a share. The company had posted a net income of $24,000 for the same quarter last year.

Camtek Record QI Earnings

Revenues in the quarter came in at $30.8 million, representing 26% growth from $24.5 million in the same quarter last year. The same also represented a 5% increase from revenues of $29.3 million as of the fourth quarter. Camtek LTD. (NASDAQ:CAMT) finished the quarter with cash flow and cash equivalents of $24.3 million compared to $19.7 million as of December 31, 2016.

The results according to chief executive officer, Rafi Amit, were a result of strong performance across all the company’s business parts.

“Our results mark the best quarter in our history from the revenue standpoint, with exceptionally strong cash flow and a multi-year high in margins. Our solid performance was driven by strength across all our business parts and the advanced packaging market in particular that remains one of the fastest-growing segments of the semiconductor capital equipment space,” said Mr. Amit.

During the quarter Camtek LTD. (NASDAQ:CAMT) received multiple system orders for inspection and metrology systems from renowned CMOS Image sensor manufacturers. The orders included the company’s newest Eagle-I model, billed as the fastest and most accurate 2D inspection tool.

Given the rate at which the CMOS Image Sensor market continues to grow, the company remains confident of generating a significant amount of return going forward.

All signs, according to the chief executive officer, point to continued growth in the second quarter as well as strong performance for the full year. For the current quarter, Camtek LTD. (NASDAQ:CAMT) expects its revenues to be in the range of $33 to $34 million.

Shelf Registration Filling

Separately, Camtek LTD. (NASDAQ:CAMT) recently filed a shelf registration with the Securities and Exchange Commission. Once approved, the company will be able to sell equity securities of up to $50 million. The declaration will allow the company to sell up to 6 million ordinary shares.

Camtek LTD. (NASDAQ:CAMT) impressive run in the market shows no signs of slowing down as the company rallied from $1.95 a share at the start of last year. The stock was up by 9% in Tuesday’s trading session – closing at highs of $4.36 a share.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

About the author: Monica Gray has an undergraduate degree in Accounting and an MBA – earned with Honors. She has six years of experience in the financial markets and has been a securities analyst for the past two years.