Camtek Shares Rise on Big Sales, Stellar Earnings

The company recently secured multiple big orders from key customers due to the rising increase in high bandwidth memory in AI applications and data centers. Plus, hybrid bonding technology could ramp up in a few years, which would mean further growth opportunities for CAMT. This is another firm benefiting from the AI boom.

In terms of financial performance, CAMT is expected to post quarterly per-share earnings of $0.65, which would be a year-over-year gain of 44.4%. Similarly, the company’s quarterly revenue is expected to rise by 37.5% from a year prior, up to $101.45 million. For fiscal 2024, CAMT is expected to generate EPS of $2.61.

It’s no wonder CAMT shares are up 86% this year – and they could rise more. MAPsignals data shows how Big Money investors are betting heavily on the forward picture of the stock.

Big Money Buying Camtek Shares

Institutional volumes reveal plenty. In the last year, CAMT has enjoyed strong investor demand, which we believe to be institutional support.

Each green bar signals unusually large volumes in CAMT shares. They reflect our proprietary inflow signal, pushing the stock higher:

Plenty of technology names are under accumulation right now. But there’s a powerful fundamental story happening with Camtek.

Camtek Fundamental Analysis

Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, CAMT has strong sales and earnings growth:

• 3-year sales growth rate (+30.1%)
• 3-year earnings growth rate (+59.3%)

Source: FactSet

Also, EPS is estimated to ramp higher this year by +18.3%.

Now it makes sense why the stock has been powering to new heights. CAMT has a track record of strong financial performance.

Marrying great fundamentals with our proprietary software has found some big winning stocks over the long term.

Camtek has been a top-rated stock at MAPsignals. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 report multiple times in the last year, with more potentially on the horizon. The blue bars below show when CAMT was a top pick…with shares rising along the way:

Tracking unusual volumes reveals the power of money flows.

This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward.

Camtek Price Prediction

The CAMT rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no position in CAMT at the time of publication.

If you are a Registered Investment Advisor (RIA) or are a serious investor, take your investing to the next level, learn more about the MAPsignals process here.