This article will articulate why the average analyst estimate of 120% EPS growth at Camtek (CAMT) is reasonable and why I believe shares are poised to double over the next 6-8 months.
Founded in 1987 and based in Israel, Camtek Ltd. develops and manufactures optical systems for the inspection of semiconductor wafers, integrated circuit substrates, and printed circuit boards (PCB). The company has 480 full time employees and a noteworthy patent portfolio which is concentrated in the inspection and production of semiconductors and printed circuit boards. Camtek has approximately 30 million shares outstanding, a market capitalization just under $100 million, and generated $91 million in sales for the trailing twelve months.
Camtek’s “Gryphon” 3D Inkjet Printer Enters $70 Billion PCB Industry
After several years in development and having recently passed beta-testing, Camtek’s “Gryphon” 3D printer, which utilizes multiple print head inkjet technology,
The global PCB market is estimated to grow from $62 billion last year to $74 billion by 2018 (Research and Markets), and the Gryphon addresses several needs within the industry that believe will lead to strong sales.
The modern PCB is comprised of hundreds of individual components, multiple layers of copper conductors, fire retardant insulators, multiple plated thru holes, and connectors. Manufacturers are squeezing more and more onto smaller and smaller boards, and a leading cause of PCB failure is from imprecise/faulty solder mask application on increasingly crowded and complex circuit boards. Solder mask is a thin polymer layer applied to printed circuit boards for protection against oxidation and to prevent formation of unwanted bridges within the ...