Camtek Stock Is Trading Higher On Bagging $20 Million Orders

April 1, 2021 8:23 AM | 30 seconds read | Make a Comment

Israel-based Camtek Ltd CAMT received inspection and metrology system orders of over $20 million from several packaging and compound semiconductor manufacturers in recent weeks.
Compound semiconductors support the growing demand for several applications like power and lidar in automotive and face recognition in mobile.
The systems are estimated to be delivered during the second and third quarters of 2021.
CEO Rafi Amit acknowledged strong business momentum fueled by the recent orders.
Price action: CAMT shares traded higher by 5.45% at $31.53 in the premarket session on the last check Thursday.

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