KLAC - Camtek: Inspecting The Semi Inspection Play

2024-02-07 09:23:15 ET

Summary

• Camtek's shares have experienced significant gains, driven by solid order announcements from the semiconductor industry.
• This comes after the 2023 results being rather underwhelming, with sales largely coming in flat.
• The impact of large orders should translate into solid growth in 2024, as investors anxiously await for more clues about the guidance.

In September, I called Camtek ( CAMT ) a hidden gem in semiconductor land, before that I had never covered the shares. I believed that Camtek was a very interesting niche player, one which started 2023 at very reasonable valuations. After shares doubled, I believed that valuations had expanded but were still somewhat reasonable. ...

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