Chart Of The Day: Camtek - More New Highs -

Chart Of The Day: Camtek – More New Highs

Jun 10, 2024Jeremy ParkinsonFinance, No picture0

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The Chart of the Day belongs to the technology company Camtek (CAMT). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 5/9 the stock gained 19.43%. CAMT Price vs Daily Moving AveragesCamtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for the semiconductor industry. The company provides Eagle-i, a system that delivers 2D inspection and metrology capabilities; Eagle-AP, which addresses the advanced packaging market using software and hardware technologies that deliver superior 2D and 3D inspection and metrology capabilities on the same platform; and Golden Eagle, a panel inspection and metrology system to address the challenges fanout wafer level packaging applications. It also develops automatic defect classification, which provides automatic defect classification of color images utilizing deep learning techniques to reduce and eliminate manual verification. In addition, the company offers MicroProf AP, a wafer metrology tool for applications at 3D packaging process steps; MicroProf DI, an optical inspection tool that enables inspection of structured and unstructured wafers for manufacturing process; MicroProf FE, a 2D/3D wafer metrology tool that serve front end HVM fab; MicroProf FS, a wafer metrology tool configurable for wafer foundry; MicroProf PT for hybrid metrology applications to common panel sizes; MicroProf MHU metrology tool, a material handling unit for semiconductor, MEMS, sapphire, and LED industries; MicroProf TL, an optical surface measurement tool for fully automatic 3D surface measurements; MicroProf 100, a universal surface metrology tool for determination of topography and film and sample thickness; MicroProf 200, a measuring device for contactless and non-destructive characterization of surfaces and films; and MicroProf 300, a SurfaceSens technology for quality assurance, development, and manufacturing. It serves semiconductor manufacturers, outsourced semiconductor assembly and test, integrated device manufacturers, and wafer level packaging subcontractors. Camtek Ltd. was incorporated in 1987 and is headquartered in Migdal Haemek, Israel.Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:

100% technical buy signals

227.06+ Weighted Alpha

252.17% gain in the last year

Trend Seeker buy signal

Above its 20, 50 and 100-day moving averages

10 new highs and up 29.61% in the last month

Relative Strength Index 68.70%

Technical support level at $107.25

Recently traded at $109.42 with 50-day moving average of $89.29

Fundamental Factors:

Market Cap $4.92 billion

P/E 55.54

Dividend yield 2.43%

Revenue is expected to grow 29.80% this year and another 16.70% next year

Earnings are estimated to increase 32.70% this year, an additional 16.90% next year and continue to compound at an annual rate of 11.60% for the next 5 years

Analysts and Investor Sentiment — I don’t buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it’s hard to make money swimming against the tide:

Wall Street analysts issued 5 strong buy, 2 buy and 1 hold recommendation

Analysts have price targets between $95 and $120 with a consensus of $111.25

Value Line rates the stock an above average rating of 2

CFRAs MarketScope has a hold rating

MorningStar gives the stock an above average 2 star rating but says it is trading at a 20% premium to a Fair Value of $90.98 right at Fair Value

9,780 investors monitor the stock on Seeking Alpha

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