Company Profile
Introduction
Camtek(ticker:CAMT) is an Israeli semiconductor equipment supplier with 11 locations around the world. It mainly provides AOI (Auto Optical Inspection) equipment to major semiconductor manufacturers.
Initial Public Offering
Camtek was listed on the NASDAQ in the United States on July 28, 2000, with an opening price of US$6.04.
Business Operation
Main Business and Services
Camtek is a developer and manufacturer of high-end inspection and metrology equipment for the semiconductor industry. The company’s equipment systems cover the inspection and measurement of wafers throughout the entire production process of semiconductor devices, covering the front end and mid-end, all the way to the Assembly begins (inspection and metrology after cutting).
Camtek’s systems inspect wafers in the most demanding semiconductor market segments, including advanced interconnect packaging, memory, CMOS image sensors, MEMS and RF, for industry-leading global IDMs, OSATs and foundries. Serve. Conti’s global sales and customer support infrastructure consists of eight subsidiaries in the United States, Europe, Japan, China, Hong Kong, Taiwan, South Korea and Singapore.
Products
Camtek is a company that provides automation solutions for the semiconductor, printed circuit board (PCB) and high-density interconnect substrate industries. The company’s products and services include:
Inspection and Metrology: Conti’s systems detect defective ICs at high throughput to ensure that only known good wafers are delivered to customers.
Software Solutions: Kantai’s software packages include tools that use machine learning and data mining to improve production and yield.
Eagle Series
The Eagle series of inspection and metrology solutions from Camtek supports the semiconductor industry from R&D to high-volume production environments, providing combined 2D and 3D capabilities on the same platform. Eagle is designed to meet the growing requirements for inspection and metrology in the most demanding applications on the market, including bumping, surface defects, post-dicing, RDL and the emerging field of advanced packaging.
Camtek also launched its fifth-generation Eagle system, Eagle G5, at SEMICON Taiwan in early September. The new system improves optical resolution and wafer throughput. Kantai has received orders for the Eagle G5 valued at more than $20 million, with deliveries expected to begin in the fourth quarter of 2024.
2024 third quarter financial report
Camtek’s financial performance in the third quarter of 2024 is as follows:
- Revenue: $112.3 million, up 40% year-over-year
- GAAP operating income: $29.6 million, up 56% year-over-year
- Non-GAAP operating income: $34.2 million, up 56% year-over-year
- GAAP net income: $32.7 million, up 48% year-over-year
- Non-GAAP net income: $37 million
- Operating cash flow: $35.8 million
- Profit margin: 29% (up from 27% in Q3 2023).
Capital Market Performance
Market Cap
According to statistics by the end of 2024, it is US$3.74 billion, which is a typical small-cap stock.
Market Valuation
Based on statistics as of the end of 2024, the price-to-earnings ratio is 38.29.
Dividend
As of the end of 2024, the cash dividend yield is 1.61%
Stock price performance
Camtek is arguably one of the top five performing technology stocks in the U.S. over the past decade. Based on statistics by the end of 2024:
- Over the past year, the stock price has risen by 22.24%
- Over the past five years, the stock price has increased by 662.11%
- Over the past 10 years, the stock price has increased by 2630.46%.
Since the company went public in 2020, its stock price has risen by 1,274.33%
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