Group 1 - Camtek (CAMT) has outperformed its peers in the Computer and Technology sector with a year-to-date return of 7.5%, compared to the sector average of 3% [4] - The Zacks Rank for Camtek is currently 2 (Buy), indicating a positive earnings outlook, with the consensus estimate for full-year earnings having increased by 0.4% over the past 90 days [3] - Camtek belongs to the Electronics - Measuring Instruments industry, which has gained an average of 12.6% this year, indicating that CAMT is slightly underperforming its industry [5] Group 2 - KLA (KLAC) is another stock in the Computer and Technology sector that has outperformed, with a year-to-date return of 19.1% and a Zacks Rank of 2 (Buy) [4][5] - The Electronics - Miscellaneous Products industry, where KLA is categorized, has seen a 4.7% increase since the beginning of the year, with 36 stocks in this industry [6]

Camtek Ltd. (NASDAQ: CAMT ) provides inspection and metrology systems for semiconductor manufacturers, and they have been rapidly growing their revenue and enlarging their customer bases in the past several years.I believe in fundamental analysis and disciplined market research. I have strong quant background with a Ph.D. (Chemical Engineering, University of California, Santa Barbara) in model predictive control and an MBA (Jones School of Business, Rice University). My primary focus is to identify 1) small ...

Financial Data and Key Metrics Changes - Camtek reported Q4 2024 revenue of $117 million, a 32% increase year-over-year, and operating income of $36.3 million, reflecting a 42% improvement year-over-year [9][20]. - For the full year 2024, revenue reached $429 million, up 36% from $315 million in 2023, with operating income at $130 million, a 56% increase [9][20]. - Gross profit for Q4 was $59.3 million, resulting in a gross margin of 50.6%, up from 49.2% in Q4 2023 [21]. - Net income for Q4 was $37.7 million, or $0.77 per diluted share, compared to $28.2 million, or $0.57 per share, in the same quarter last year [22]. Business Line Data and Key Metrics Changes - The revenue distribution for the full year was approximately 50% from high-performance computing (HPC) and 20% from other advanced packaging applications [10]. - The demand in the HPC segment remains strong, with expectations for it to contribute at least 50% of business in the first half of 2025 [11]. Market Data and Key Metrics Changes - Geographic revenue split for Q4 was 92% from Asia and 8% from the rest of the world [21]. - The company anticipates a revenue guidance of $118 million to $120 million for Q1 2025, representing a nearly 25% increase over Q1 2024 [12][25]. Company Strategy and Development Direction - Camtek aims to leverage its strong position in the HPC market, which is expected to be a primary growth driver, particularly with the introduction of new models like the Eagle G5 and Hawk [10][17]. - The company plans to officially launch the Hawk at the Semicon Korea Show, targeting high-end applications and advanced packaging needs [14][15]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued growth in the HPC segment, driven by increasing demand for HPC-related hardware and AI capabilities [16][17]. - The company noted a shift in manufacturing and packaging of HPC modules, with OSATs becoming more involved, which presents a positive opportunity for Camtek [11][12]. Other Important Information - Cash and cash equivalents as of December 31, 2024, were $501.2 million, up from $488.7 million at the end of Q3 [23]. - Inventory levels increased to $123.1 million, reflecting preparations for anticipated sales growth [24]. Q&A Session Summary Question: Guidance on HPC contribution in the first half of 2025 - Management confirmed that HPC is expected to contribute at least 50% of business in the first half of 2025, with significant orders already on hand [11][31]. Question: China revenue contribution - China’s contribution is expected to be around 30% in 2024, down from 47% in 2023, with a potential range of 30% to 35% in 2025 [35]. Question: Hybrid bonding expectations - Hybrid bonding is starting to make initial production steps, with significant contributions expected in high-volume production around 2027-2028 [42]. Question: HBM market dynamics - If one major customer slows down, other customers are expected to pick up the demand, with a strong long-term outlook for the HBM market [50]. Question: Product traction for Eagle G5 and Hawk - Both products are expected to significantly increase market share, with the Hawk opening new markets beyond the capabilities of the Eagle line [56][58]. Question: Non-HPC market expectations - The non-HPC market is stable, with some improvement in the CMOS Image Sensors market, but overall growth is expected to come primarily from HPC and advanced packaging [95][97].

Core Viewpoint - Camtek (CAMT) reported quarterly earnings of $0.77 per share, exceeding the Zacks Consensus Estimate of $0.74 per share, and showing an increase from $0.57 per share a year ago [1][2] Financial Performance - The earnings surprise for the quarter was 4.05%, and the company has surpassed consensus EPS estimates in all four of the last quarters [2] - Camtek's revenues for the quarter ended December 2024 were $117.29 million, surpassing the Zacks Consensus Estimate by 1.97%, compared to $88.69 million in the same quarter last year [3] - The company has also exceeded consensus revenue estimates in all four of the last quarters [3] Stock Performance - Camtek shares have increased approximately 8.2% since the beginning of the year, outperforming the S&P 500's gain of 3.2% [4] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.75 on revenues of $116.83 million, and for the current fiscal year, it is $3.18 on revenues of $489 million [8] - The estimate revisions trend for Camtek is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [7] Industry Context - The Electronics - Measuring Instruments industry, to which Camtek belongs, is currently in the top 20% of over 250 Zacks industries, suggesting a favorable outlook for stocks in this sector [9]

Q4 revenues of $117 million; Q1 2025 revenue guidance of $118-120 million, up ~23% YoY MIGDAL HAEMEK, Israel, Feb. 12, 2025 /PRNewswire/ -- Camtek Ltd. (NASDAQ: CAMT) (TASE: CAMT), today announced its financial results for the fourth quarter and year ended December 31, 2024. 2024 Fourth Quarter Financial Highlights Record revenues of $117.3 million, a 32% YoY increase; GAAP operating income of $31.3 million (up 82% YoY) and non-GAAP operating income of $36.3 million (up 42% YoY), representing operating ma ...

In the latest trading session, Camtek (CAMT) closed at $86.35, marking a +0.98% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.92%. Meanwhile, the Dow gained 0.31%, and the Nasdaq, a tech-heavy index, added 2.03%.Heading into today, shares of the maker of automatic optical inspection and process enhancement systems had gained 6.18% over the past month, outpacing the Computer and Technology sector's loss of 2.99% and the S&P 500's gain of 0.81% in that time.The upcoming earnings ...

Camtek (CAMT) shares soared 3.4% in the last trading session to close at $107.14. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 24.3% gain over the past four weeks.The optimism surrounding the stock can be attributed to the rising adoption of Camtek’s advanced interconnect packaging technologies, such as heterogeneous integration, which includes chiplet modules and high bandwidth memory. Winning multiple system orders from seve ...

Company Performance - Camtek (CAMT) ended the recent trading session at $90.84, demonstrating a -0.23% swing from the preceding day's closing price, lagging behind the S&P 500's 0.16% gain [1] - Over the past month, shares of Camtek gained 24.44%, outperforming the Computer and Technology sector's loss of 0.17% and the S&P 500's loss of 2.8% [1] Upcoming Earnings - Camtek is forecasted to report an EPS of $0.74, showcasing a 29.82% upward movement from the corresponding quarter of the prior year [2] - The consensus estimate for quarterly revenue is $115.03 million, up 29.69% from the year-ago period [2] Analyst Estimates - Recent modifications to analyst estimates for Camtek reflect the latest short-term business trends, with positive revisions indicating analyst optimism about the company's business and profitability [3] - The Zacks Rank system, which integrates estimate changes, currently ranks Camtek as 3 (Hold) [5] Valuation Metrics - Camtek is trading with a Forward P/E ratio of 28.81, which is in line with the industry average [6] - The company has a PEG ratio of 1.32, compared to the industry average PEG ratio of 1.62 [7] Industry Context - The Electronics - Measuring Instruments industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 20, placing it in the top 8% of all industries [8]

Company Performance - Camtek (CAMT) closed at $82.46, reflecting a -1.47% change from the previous day, underperforming the S&P 500's loss of 1.11% [1] - The upcoming earnings disclosure is projected to show earnings of $0.74 per share, indicating a year-over-year growth of 29.82%, with revenue expected to be $115.03 million, a 29.69% increase compared to the same quarter last year [2] Analyst Insights - Recent revisions to analyst forecasts for Camtek are crucial, as upward revisions indicate positive sentiment regarding the company's business operations and profit generation capabilities [4] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Camtek at 3 (Hold), with a steady EPS estimate over the past month [5] Valuation Metrics - Camtek's Forward P/E ratio stands at 29.95, aligning with the industry average [6] - The company has a PEG ratio of 1.38, which is lower than the Electronics - Measuring Instruments industry's average PEG ratio of 1.64 [10] Industry Context - The Electronics - Measuring Instruments industry is part of the Computer and Technology sector, currently holding a Zacks Industry Rank of 5, placing it in the top 2% of over 250 industries [11] - Over the last month, Camtek's shares increased by 16.41%, outperforming the Computer and Technology sector's gain of 5.27% and the S&P 500's gain of 0.4% [8]

Group 1 - The average brokerage recommendation (ABR) for Camtek (CAMT) is 1.13, indicating a consensus between Strong Buy and Buy, with 87.5% of recommendations being Strong Buy and 12.5% being Buy [2][4] - Analysts employed by brokerage firms tend to exhibit a strong positive bias in their ratings, issuing five "Strong Buy" recommendations for every "Strong Sell" [5][9] - The Zacks Rank, which is based on earnings estimate revisions, is a more reliable indicator of a stock's near-term price performance compared to the ABR [7][10] Group 2 - The Zacks Consensus Estimate for Camtek's earnings for the current year is $2.79, which has remained unchanged over the past month, suggesting steady analyst views on the company's earnings prospects [12] - Due to the unchanged consensus estimate and other factors, Camtek has a Zacks Rank of 3 (Hold), indicating a cautious approach despite the Buy-equivalent ABR [13]