Camtek Stock (NASDAQ:CAMT), Trade Ideas

Camtek

Camtek Ltd is engaged in the manufacturing of metrology and inspection equipment and software solutions for the semiconductor industry. Its systems inspect wafers for various semiconductor market segments, including Advanced Packaging, Heterogenous Integration (HI), Compound Semiconductors, Memory, and foundries among others. Geographically, it derives maximum revenue from China followed by Asia Pacific, Korea, United States, and Europe. The company's products and services include Surface Inspection, Bump Inspection and Metrology, and others.

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A Reddit user reached out to the community seeking advice beyond the hunt for the &#34;next NVIDIA Corp.&#34; Here&#39;s a sample of the responses.

Beyond Nvidia: How To Navigate Investing In Your 40s — Insights From Reddit

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Nvidia Left Out, But These Chip Stocks Make The Cut As Barclays&#39; Preferred Picks: &#39;There Isn&#39;t A Ton Of Low-Hanging Fruit At These Levels&#39;

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U.S. stocks closed higher on Friday following the release of jobs data. All the major indices closed the week higher, with the S&amp;P 500 gaining 0.2% and the Dow closing slightly higher last week.

This Analyst With 84% Accuracy Rate Sees More Than 7% Upside In Broadcom - Here Are 5 Stock Picks For Last Week From Wall Street&#39;s Most Accurate Analysts

Camtek Ltd

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Shares of semiconductor and chip stocks are trading lower. The sector has been under pressure this week following earnings from ASML and TSMC. Stocks have been mixed Friday amid overall market uncertainty on Iran-Israel tensions.

Camtek shares are trading higher after Evercore ISI Group initiated coverage on the stock with an Outperform rating and $100 price target.

Evercore ISI Group analyst Mark Lipacis initiates coverage on Camtek (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAMT#NASDAQ">CAMT</a>) with a Outperform rating and announces Price Target of $100.

Initiation

Evercore ISI Group Initiates Coverage On Camtek with Outperform Rating, Announces Price Target of $100

B. Riley Securities analyst Craig Ellis maintains Camtek (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAMT#NASDAQ">CAMT</a>) with a Buy and maintains $102 price target.

B. Riley Securities Maintains Buy on Camtek, Maintains $102 Price Target

Camtek Receives ~$25M Order From Tier-1 Manufacturer For High Bandwidth Memory

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Shares of semiconductor stocks are trading lower as the sector pulls back after Broadcom and Marvell dipped following their quarterly earnings reports. Additionally, some names in the sector may be volatile in anticipation of CHIPS act subsidies.

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Watching Camtek; Traders Circulate Stock Picked By A Popular Traders Newsletter

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Shares of semiconductor stocks are trading higher in sympathy with NVIDIA, which reported better-than-expected Q4 financial results and issued Q1 revenue guidance above estimates.

Camtek shares are trading lower following Q4 earnings.

Earnings

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Earnings Scheduled For February 20, 2024

Camtek (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAMT#NASDAQ">CAMT</a>) reported its Q4 earnings results on Tuesday, February 20, 2024 at 06:45 AM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Camtek beat estimated earnings by 7.55%, reporting an EPS of $0.57 versus an estimate of $0.53.
Revenue was up $6.51 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.04 which was followed by a 5.45% drop in the share price the next day.
Here's a look at Camtek's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.48</td>
<td>0.42</td>
<td>0.41</td>
<td>0.48</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.52</td>
<td>0.45</td>
<td>0.42</td>
<td>0.50</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>78.17M</td>
<td>72.38M</td>
<td>72.50M</td>
<td>81.83M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>80.47M</td>
<td>73.76M</td>
<td>72.46M</td>
<td>82.17M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Camtek <a href="https://www.benzinga.com/quote/CAMT/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: Camtek Q4 Earnings

Management expects revenues in the&nbsp;first quarter&nbsp;of 2024 between&nbsp;$93-95 million, representing a mid-point&nbsp;30%&nbsp;increase over the&nbsp;first quarter&nbsp;of 2023, with further growth leading to a year of record revenue for Camtek.

Guidance

Camtek Expects Q1 Revenue of $93M-$95M Vs $92.02M Est

Camtek (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAMT#NASDAQ">CAMT</a>) reported quarterly earnings of $0.57 per share which beat the analyst consensus estimate of $0.53 by 7.55 percent. This is a 14 percent increase over earnings of $0.50 per share from the same period last year. The company reported quarterly sales of $88.69 million which beat the analyst consensus estimate of $88.03 million by 0.75 percent. This is a 7.93 percent increase over sales of $82.17 million the same period last year.

Camtek Q4 Adj EPS $0.57 Beats $0.53 Estimate, Sales $88.69M Beat $88.03M Estimate

Camtek (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAMT#NASDAQ">CAMT</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-02-20. Here's what investors need to know before the announcement.
Analysts estimate that Camtek will report an earnings per share (EPS) of $0.53. 
Camtek bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.04, which was followed by a 5.45% drop in the share price the next day.
Here's a look at Camtek's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.48</td>
<td>0.42</td>
<td>0.41</td>
<td>0.48</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.52</td>
<td>0.45</td>
<td>0.42</td>
<td>0.50</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-5.45%</td>
<td>-1.18%</td>
<td>-0.41%</td>
<td>-1.52%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1708369273_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Camtek were trading at $84.74 as of February 15. Over the last 52-week period, shares are up 233.22%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/CAMT/earnings">To track all earnings releases for Camtek visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview: Camtek

Investing in your 40s can be a daunting task, especially for those who are relatively <a href="https://www.benzinga.com/topic/retail-investors">new to the game</a>. 
A Reddit user, u/kickinwood, recently reached out to the community seeking advice beyond the hunt for the &#8220;next NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).&#8221; 
The post received several thoughtful responses, providing valuable insights into general market strategies and <a href="https://www.benzinga.com/topic/investing">specific investment recommendations</a>.
<figure class="wp-block-embed is-type-rich is-provider-reddit wp-block-embed-reddit"> 
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<blockquote class="reddit-embed-bq" style="height:316px" ><a href="https://www.reddit.com/r/stocks/comments/1apm9zg/any_tips_beyond_whats_the_next_nvidia/">Any tips beyond &#8220;What&#8217;s the next Nvidia?&#8221;</a> by<a href="https://www.reddit.com/user/kickinwood/">u/kickinwood</a> in<a href="https://www.reddit.com/r/stocks/">stocks</a></blockquote>
<script async src="https://embed.reddit.com/widgets.js" charset="UTF-8"></script></div>
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One Redditor, fortinvestech, shared advice tailored to someone in their 40s, emphasizing the importance of being aggressive until retirement or needing a higher level of safety. 
The suggestion included allocating funds into sectoral ETFs, with a focus on tech and hardware for growth, high-dividend ETFs for income, and a small position in the S&amp;P 500 Index. This approach aims to balance growth and safety, gradually increasing exposure to the S&amp;P 500 over time.
The SPDR S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), the iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>) and the Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) are some popular ways to gain exposure to the S&amp;P 500.
Another Redditor, msalem311, recommended JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JEPQ#NASDAQ">JEPQ</a>), a Nasdaq-tracking ETF with lower volatility and a respectable 8% dividend yield. The user, who identified as a financial advisor, highlighted JEPQ as a balanced option for both growth and income.
Pentaborane stressed the importance of thorough research for effective stock picking, suggesting a focus on specific sectors and companies with strong leadership and revenue potential at scale. Recommendations included companies like UiPath Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>), Photronics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLAB#NASDAQ">PLAB</a>), and Camtek Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAMT#NASDAQ">CAMT</a>) as well as those in the Nvidia supply chain like ASML Holding NV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) and Super Micro Computer Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>).
Also Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/01/36749218/asml-stock-top-analyst-pick-as-a-fifo-beneficiary-with-21-upside-ahead-of-q4-earnin">ASML Stock: Top Analyst Pick As A &#8216;FIFO&#8217; Beneficiary With 21% Upside Ahead Of Q4 Earnings</a>
Another Reddit member, jhuey0991, shared personal success stories, emphasizing the profitability of investing in companies facing short-term challenges but with strong fundamentals. 
Examples included AbbVie Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>), Walt Disney (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), Bank of America Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), RTX Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>), and Medtronic PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDT#NYSE">MDT</a>). The Redditor also expressed confidence in Rocket Lab USA Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) and PayPal Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), particularly if the latter rebranded to Venmo.
 For justbrowsinginpeace, Rocket Lab is worth considering because the space industry is the &#8220;next gold rush.&#8221;
Overall, the responses provided a mix of general investment strategies and specific stock recommendations, emphasizing the importance of diversification, research, and a balanced approach tailored to individual risk tolerance and financial goals. 
These insights serve as a valuable resource for those navigating the complexities of investing later in life.
Read Next: <a href="https://www.benzinga.com/markets/24/02/36939451/should-you-invest-in-stocks-at-all-time-highs">Should You Invest In Stocks at All-Time Highs?</a>
Image: Shutterstock

Semiconductor <a href="https://www.benzinga.com/markets/equities/23/12/36387459/semiconductor-stocks-soar-to-all-time-highs-on-track-for-strongest-year-since-2008-but-are-they-">stocks rallied sharply in 2023, </a>with the sector among the best-performing S&amp;P 500 sector classes. Against the backdrop, an analyst said on Tuesday he views the group as expensive on the 2024 estimates but remains positive about names levered to the &#8220;2nd Wave of AI.&#8221;
What Happened: Barclays analyst Tom O&#8217;Malley said in a note he remained below the 2024 consensus estimates for nearly two-thirds of his coverage universe. Investor focus, however, has shifted to 2025, the analyst said, adding that he expects robust positive inflection for most end markets.
KeyBanc Capital Markets analyst John Vinh said in a note on Tuesday that most end markets, except those for non-AI servers and Android smartphones, remained weak in the fourth quarter. 
O&#8217;Malley&#8217;s optimism regarding the 2025 outlook is not across the board. &#8220;Even factoring in a strong growth year in &#8217;25, there isn&#8217;t a ton of low-hanging fruit at these levels,&#8221; he said. &#8220;We are picking our spots into next year and prefer names levered to the &#8216;2nd Wave of AI.'&#8221;
AMD To Take Lead: Barclays sees Advanced Micro Devices exiting 2024 with an AI revenue run-rate of $4 billion, which will likely increase to more than $7 billion in 2025. &#8220;We think the ramp is driven by multiple customers across hyperscale and Enterprise and more 2H loaded,&#8221; analyst O&#8217;Malley said.
Citing channel checks, the analyst said the MI300 AI accelerator has received stronger feedback. The desire to overcome a software barrier from Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) could serve as a handicap for AMD adoptions, the analyst said. &#8216;We are by no means discounting the lead that NVDA has but we think the desire to have a second source will overwhelm difficulties for the software ecosystem,&#8221; he added.
See Also: <a href="https://www.benzinga.com/money/best-semiconductor-stocks">Best Semiconductor Stocks</a>
Barclays&#8217; Preferred Names: Barclays listed the following chip companies as the ones it likes, heading into 2024 and the next year.
<ul>
<li>AMD: Overweight rating maintained and price target upped from $120 to $200</li>
<li>Semiconductor equipment manufacturer Camtek Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAMT#NASDAQ">CAMT</a>): The analyst upgraded the stock from Equal Weight to Overweight and lifted the price target from $65 to $82.</li>
<li>Coherent Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>): The analyst upgraded the stock from Equal Weight to Overweight and lifted the price target from $38 to $60.</li>
<li>Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>): Overweight rating maintained and price target nudged up from $70 to $75.</li>
<li>NXP Semiconductor N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>): O&#8217;Malley upgraded the stock from Equal Weight to Overweight and increased the price target from $200 to $260.</li>
<li>Western Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>): The analyst upgraded the stock from Equal Weight to Overweight and raised the price target from $45 to $65.</li>
</ul>
Explaining his optimism regarding Coherent and Marvell, the analyst said interconnection device makers will likely be the biggest beneficiaries of AI, and these two stocks could gain from the &#8220;2nd wave of AI.&#8221; Traditional server interconnect represented about 10% of the bill-of-materials and about 30% in AI with higher speeds and more &#8220;east-west&#8221; connections between accelerators, he said.
Camtek will likely reap the reward of high-bandwidth memory and advanced packing needed for AI chips, Barclays said. &#8220;The company has visibility into &gt;50% of their forecast next year and we see the name continuing to work even after a robust &#8217;24,&#8221; it said.
O&#8217;Malley sees the return of flash and near-line hard-disk drives to benefit Western Digital. &#8220;We think HDDs are a good neighborhood to play in over the next 2-years,&#8221; he said. 
Among auto chip suppliers, the analyst said NXP is &#8220;well positioned,&#8221; as it is at the lowest of the prior peak, and it undergrew during the pandemic. &#8220;Using industry advertised growth rates of above 10% shows them as the best relative vs. Street estimates,&#8221; he said.
The iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) ended Monday&#8217;s session up 1.42% at $565.29, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data.</a>
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/01/36636821/nvidia-amd-shares-offer-over-30-upside-potential-analyst-says-ahead-of-earnings-wha">Nvidia, AMD Shares Offer Over 30% Upside Potential, Analyst Says Ahead Of Earnings: What&#8217;s Driving The Chip Optimism?</a>

Nvidia Left Out, But These Chip Stocks Make The Cut As Barclays' Preferred Picks: 'There Isn't A Ton Of Low-Hanging Fruit At These Levels'

Barclays analyst Blayne Curtis upgrades Camtek (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAMT#NASDAQ">CAMT</a>) from Equal-Weight to Overweight and raises the price target from $65 to $82.

Barclays Upgrades Camtek to Overweight, Raises Price Target to $82

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Maxeon Solar Technologies, Ltd. - Ordinary Shares

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Shares of semiconductor stocks are trading higher in sympathy with Micron Technology after the company reported mixed Q1 financial results and issued strong guidance.

General

Camtek Has Received An Order Of 25 Systems From A Leading Outsourced Semiconductor Assembly And Test For Various Advanced Packaging Applications. Delivery Of The Systems To The Customer Is Expected In 2024

U.S. stocks closed higher on Friday following the release of jobs data. All the major indices closed the week higher, with the S&amp;P 500 gaining 0.2% and the Dow closing <a href="https://www.benzinga.com/news/earnings/23/12/36148756/how-to-earn-500-a-month-from-dollar-general-stock-after-upbeat-earnings">slightly higher last week</a>.
Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst&#39;s opinion to trust.
Benzinga&#39;s Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell-side banks. Benzinga displays overnight ratings changes on a daily basis three hours prior to the U.S. equity market opening. Data specialists at investment dashboard provider Toggle.ai recently uncovered that the analyst insights Benzinga Pro subscribers and Benzinga readers regularly receive can successfully be used as trading indicators to outperform the stock market.
Top Analyst Picks: Fortunately, any Benzinga reader can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie"> Analyst Stock Ratings </a> page. One of the ways traders can sort through Benzinga&#39;s extensive database of analyst ratings is by analyst accuracy. Here&#39;s a look at the most recent stock picks from each of the five most accurate Wall Street analysts, according to Benzinga <a href="https://www.benzinga.com/analyst-stock-ratings"> Analyst Stock </a> Ratings.
Analyst: Philip Gibbs
<ul>
<li>Analyst Firm: Keybanc</li>
<li>Ratings Accuracy: 85%</li>
<li>Latest Rating: Initiated coverage on Worthington Steel, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ws#NYSE">WS</a>) with an Overweight rating and a price target of $29 on Dec. 4, 2023. This analysts sees around 11% surge in the stock.</li>
<li>Recent News: Worthington Steel said it will report the results for its fiscal second quarter after the closing bell on Dec. 21, 2023.</li>
</ul>
Analyst: William Stein
<ul>
<li>Analyst Firm: Truist Securities</li>
<li>Ratings Accuracy: 84%</li>
<li>Latest Rating: Maintained a Buy rating on Broadcom Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avgo#NASDAQ">AVGO</a>) and raised the price target from $995 to $1,015 on Dec. 8, 2023. This analyst sees more than 7% upside in the stock.</li>
<li>Recent News: Broadcom reported upbeat earnings for its fourth quarter and increased its quarterly dividend by 14% to $5.25.</li>
</ul>
Analyst: Craig Ellis
<ul>
<li>Analyst Firm: B. Riley Securities</li>
<li>Ratings Accuracy: 84%</li>
<li>Latest Rating: Upgraded rating on Camtek Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/camt#NASDAQ">CAMT</a>) from Neutral to Buy and increased the price target from $70 to $75 on Dec. 6, 2023. This analyst sees around 18% upside in the stock.</li>
<li>Recent News: Camtek, last month, reported a third-quarter revenue decline of 2% Y/Y to $80.5 million, beating the consensus of $78.2 million.</li>
</ul>
Analyst: Brian Mullan
<ul>
<li>Analyst Firm: Piper Sandler</li>
<li>Ratings Accuracy: 84%</li>
<li>Latest Rating: Maintained a Neutral rating on Cracker Barrel Old Country Store, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cbrl#NASDAQ">CBRL</a>) and cut the price target from $96 to $75 on Dec. 4, 2023. This analyst sees over 2% upside in the stock.</li>
<li>Recent News: Cracker Barrel Old Country Store reported worse-than-expected first-quarter financial results.</li>
</ul>
Analyst: Seth Seifman
<ul>
<li>Analyst Firm: JP Morgan</li>
<li>Ratings Accuracy: 83%</li>
<li>Latest Rating: Downgraded rating on Science Applications International Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/saic#NYSE">SAIC</a>) from Overweight to Neutral and raised the price target from $130 to $142 on Dec. 5, 2023. This analyst sees around 11% surge in the stock.</li>
<li>Recent News: SAIC reported a 1% revenue decline Y/Y in the third quarter to $1.895 billion, beating the consensus of $1.790 billion.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/12/36148822/this-tech-stock-is-too-expensive-cramer-says-wait-for-a-pullback"> This Tech Stock Is &#39;Too Expensive,&#39; Cramer Says: &#39;Wait For A Pullback&#39;</a>

This Analyst With 84% Accuracy Rate Sees More Than 7% Upside In Broadcom - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
<a href="https://investorplace.com/industries/technology/semiconductor/">Semiconductor stocks</a> are attracting attention this year as artificial intelligence (AI) adoption leads to a mushrooming growth in the demand for chips. The sector&rsquo;s success will have significant implications on the U.S. economy due to the ubiquitous demand for microprocessors.



Furthermore, the sector is anticipated to grow in 2024 as supply chain problems are resolved following a pandemic that severely hindered the production of new chips. Legislation such as the <a href="https://www.whitehouse.gov/briefing-room/statements-releases/2022/08/09/fact-sheet-chips-and-science-act-will-lower-costs-create-jobs-strengthen-supply-chains-and-counter-china/">CHIPS Act</a> will also certainly help improve research and infrastructure for the chip industry, serving as an external tailwind. Research firm Gartner expects sales <a href="https://www.gartner.com/en/newsroom/press-releases/2023-12-04-gartner-forecasts-worldwide-semiconductor-revenue-to-grow-17-percent-in-2024">to rise by 17%</a> this year to $624 billion. 



The graphics processing units (GPU) giant Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) is leading the sector in total return and grabbing most of the headlines. However, several other semiconductor stocks hold the potential to emulate Nvidia. 



With the market <a href="https://investorplace.com/2024/03/silicon-savvy-3-semiconductor-stocks-to-energize-your-portfolio/#:~:text=NVIDIA%20(NVDA)%3A%20Fueling%20growth,financials%20and%20a%20portfolio%20expansion.">predicted to reach $1 trillion</a> by 2030, we&rsquo;ve identified three semiconductor stocks with&nbsp;room for growth.



<h2>Broadcom (AVGO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/AVGO1600-300x169.jpg" alt="broadcom (AVGO) logo outside office building"><div>Source: Sasima / Shutterstock.com</div></div>A long-term player in the chip industry, Broadcom (NASDAQ:<a href="https://investorplace.com/stock-quotes/avgo-stock-quote/">AVGO</a>) is looking to leverage AI, particularly through cloud computing sales related to generative AI projects, to drive its results moving forward. 



Broadcom&rsquo;s financial health is solid. The latest earnings exceeded estimates, driven by robust growth in the AI segment. The chipmaker also <a href="https://www.morningstar.com/stocks/after-earnings-is-broadcom-stock-buy-sell-or-fairly-valued#:~:text=Broadcom%20meaningfully%20raised%20its%20expectations,or%2035%25%20of%20chip%20sales.">raised its guidance</a> for fiscal 2024 revenue for its AI segment. AVGO now expects AI to constitute 20% of its total <a href="https://www.bloomberg.com/news/articles/2024-03-07/broadcom-chip-revenue-misses-estimates-even-as-ai-demand-grows">or 35% of its chip sales</a> in fiscal 2024.



The firm also reported strong performance in its VMware unit, which contributed to its diversification and software offerings.



Its free cash flow was up 19.3%, from $3.9 billion last year to $4.7 billion during the quarter. It is a key metric for Broadcom&rsquo;s investors because its payout ratio is 46%. AVGO is on a 13-year streak of raising dividends, making it an attractive income play among semiconductor stocks. 



Finally, AVGO stock trades at 27.7x forward price to earnings, which makes it cheaper than many semiconductor stocks. It holds a consensus strong buy rating with an average 12-month price target of $1,552, representing a <a href="https://www.tipranks.com/stocks/avgo/forecast">roughly 20% increase</a> from the last reported price of $1,292.



<h2>Camtek (CAMT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/camt-stock-1600-300x169.png" alt="Camtek Ltd logo visible on display screen."><div>Source: Pavel Kapysh via shutterstock</div></div>Camtek (NASDAQ:<a href="https://investorplace.com/stock-quotes/camt-stock-quote/">CAMT</a>), known for its inspection and metrology equipment, has a solid balance sheet and financial track record. The stock is up 12% but its 12-month price target is $91, reflecting an upside of roughly 20% from the recent price of $75.



In the last quarter, Camtek unveiled earnings per share of 57 cents, 8.22% more than expected (53 cents). The Israeli company&rsquo;s revenue of $88.69 million was just over the $88.02 million estimate. 



<a href="https://camtek.b-cdn.net/wp-content/uploads/Q4_FY_2023.pdf">Anticipating a 30% surge</a> in its first-quarter 2024 revenues, Camtek has guided revenues between $93 million and $95 million. This prediction, separate from the recent acquisition of FRT metrology, lays the groundwork for a successful year. 



For $100 million in cash, Camtek <a href="https://www.camtek.com/news-and-events/camtek-to-acquire-formfactors-frt-metrology-business/">took control</a> of FRT Metrology, a leading producer of high-precision metrology solutions for the advanced packaging and silicon carbide sectors. The purchase expanded Camtek&rsquo;s portfolio to include more advanced metrology solutions. FRT is forecasting to earn more than $30 million in revenue 2024 from the segment.



Camtek <a href="https://www.prnewswire.com/news-releases/camtek-receives-new-orders-for-46-systems-for-high-bandwidth-memory-hbm-301924469.html">enjoys a strong backlog</a> with new orders for 46 systems from various tier-1 High-Bandwidth Memory manufacturers, with most deliveries planned for 2024. These systems are essential for high-performance computing in multiple fields, such as AI and data centers. 



The combination of double-digit upside, backlog of orders, and solid financial performance makes it one of the best semiconductor stocks to buy right now.



<h2>Micron Technology (MU)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/mu_micron_1600-300x169.png" alt="An outside image of a Micron Technology, Inc. headquarters. MU stock. momentum stocks to buy soon"><div>Source: Charles Knowles / Shutterstock.com</div></div>Micron (NASDAQ:<a href="https://investorplace.com/stock-quotes/mu-stock-quote/">MU</a>) is a prominent name among semiconductor stocks due to its strong position in the computer memory market. 



Because of the rise of memory-intensive applications and systems, MU&rsquo;s concentration on DRAM and NAND memory products attracts attention. 



Micron&rsquo;s growth tailwinds are reflected on the bottom line, with revenue and earnings outstripping analyst estimates in fiscal Q1&rsquo;24. Additionally, <a href="https://investors.micron.com/news-releases/news-release-details/micron-technology-inc-reports-results-first-quarter-fiscal-2024">at $1.40 billion</a> as opposed to $249 million in the previous quarter, Micron&rsquo;s operational cash flow was remarkably robust. MU expects sales of $5.30 billion, plus or minus $200 million, in the second quarter of fiscal 2024, with a gross margin of 12.0% to 13.0%.



The chipmaker expects <a href="https://www.reuters.com/technology/micron-forecasts-strong-second-quarter-revenue-2023-12-20/">a strong showing this year</a> and forecasts a quick recovery in the chip market, particularly for memory and flash storage. Micron&rsquo;s advancements in high-bandwidth memory chips, especially for use in Nvidia&rsquo;s AI platforms, are the foundation for a strong year.



MU&rsquo;s upside is limited to 3%, but this is expected when dealing with semiconductor stocks riding the Nvidia wave. 



On the publication date, Faizan Farooque did not have (directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Faizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&amp;P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/03/3-semiconductor-stocks-looking-like-steals-in-q1/">3 Semiconductor Stocks Looking Like Steals in Q1</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Semiconductor Stocks Looking Like Steals in Q1

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
<a href="https://investorplace.com/industries/technology/semiconductor/">Semiconductor stocks</a> are attracting attention this year as artificial intelligence (AI) adoption leads to a mushrooming growth in the demand for chips. The sector&rsquo;s success will have significant implications on the U.S. economy due to the ubiquitous demand for microprocessors.



Furthermore, the sector is anticipated to grow in 2024 as supply chain problems are resolved following a pandemic that severely hindered the production of new chips. Legislation such as the <a href="https://www.whitehouse.gov/briefing-room/statements-releases/2022/08/09/fact-sheet-chips-and-science-act-will-lower-costs-create-jobs-strengthen-supply-chains-and-counter-china/">CHIPS Act</a> will also certainly help improve research and infrastructure for the chip industry, serving as an external tailwind. Research firm Gartner expects sales <a href="https://www.gartner.com/en/newsroom/press-releases/2023-12-04-gartner-forecasts-worldwide-semiconductor-revenue-to-grow-17-percent-in-2024">to rise by 17%</a> this year to $624 billion. 



The graphics processing units (GPU) giant Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) is leading the sector in total return and grabbing most of the headlines. However, several other semiconductor stocks hold the potential to emulate Nvidia. 



With the market <a href="https://investorplace.com/2024/03/silicon-savvy-3-semiconductor-stocks-to-energize-your-portfolio/#:~:text=NVIDIA%20(NVDA)%3A%20Fueling%20growth,financials%20and%20a%20portfolio%20expansion.">predicted to reach $1 trillion</a> by 2030, we&rsquo;ve identified three semiconductor stocks with&nbsp;room for growth.



<h2>Broadcom (AVGO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/AVGO1600-300x169.jpg" alt="broadcom (AVGO) logo outside office building"><div>Source: Sasima / Shutterstock.com</div></div>A long-term player in the chip industry, Broadcom (NASDAQ:<a href="https://investorplace.com/stock-quotes/avgo-stock-quote/">AVGO</a>) is looking to leverage AI, particularly through cloud computing sales related to generative AI projects, to drive its results moving forward. 



Broadcom&rsquo;s financial health is solid. The latest earnings exceeded estimates, driven by robust growth in the AI segment. The chipmaker also <a href="https://www.morningstar.com/stocks/after-earnings-is-broadcom-stock-buy-sell-or-fairly-valued#:~:text=Broadcom%20meaningfully%20raised%20its%20expectations,or%2035%25%20of%20chip%20sales.">raised its guidance</a> for fiscal 2024 revenue for its AI segment. AVGO now expects AI to constitute 20% of its total <a href="https://www.bloomberg.com/news/articles/2024-03-07/broadcom-chip-revenue-misses-estimates-even-as-ai-demand-grows">or 35% of its chip sales</a> in fiscal 2024.



The firm also reported strong performance in its VMware unit, which contributed to its diversification and software offerings.



Its free cash flow was up 19.3%, from $3.9 billion last year to $4.7 billion during the quarter. It is a key metric for Broadcom&rsquo;s investors because its payout ratio is 46%. AVGO is on a 13-year streak of raising dividends, making it an attractive income play among semiconductor stocks. 



Finally, AVGO stock trades at 27.7x forward price to earnings, which makes it cheaper than many semiconductor stocks. It holds a consensus strong buy rating with an average 12-month price target of $1,552, representing a <a href="https://www.tipranks.com/stocks/avgo/forecast">roughly 20% increase</a> from the last reported price of $1,292.



<h2>Camtek (CAMT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/camt-stock-1600-300x169.png" alt="Camtek Ltd logo visible on display screen."><div>Source: Pavel Kapysh via shutterstock</div></div>Camtek (NASDAQ:<a href="https://investorplace.com/stock-quotes/camt-stock-quote/">CAMT</a>), known for its inspection and metrology equipment, has a solid balance sheet and financial track record. The stock is up 12% but its 12-month price target is $91, reflecting an upside of roughly 20% from the recent price of $75.



In the last quarter, Camtek unveiled earnings per share of 57 cents, 8.22% more than expected (53 cents). The Israeli company&rsquo;s revenue of $88.69 million was just over the $88.02 million estimate. 



<a href="https://camtek.b-cdn.net/wp-content/uploads/Q4_FY_2023.pdf">Anticipating a 30% surge</a> in its first-quarter 2024 revenues, Camtek has guided revenues between $93 million and $95 million. This prediction, separate from the recent acquisition of FRT metrology, lays the groundwork for a successful year. 



For $100 million in cash, Camtek <a href="https://www.camtek.com/news-and-events/camtek-to-acquire-formfactors-frt-metrology-business/">took control</a> of FRT Metrology, a leading producer of high-precision metrology solutions for the advanced packaging and silicon carbide sectors. The purchase expanded Camtek&rsquo;s portfolio to include more advanced metrology solutions. FRT is forecasting to earn more than $30 million in revenue 2024 from the segment.



Camtek <a href="https://www.prnewswire.com/news-releases/camtek-receives-new-orders-for-46-systems-for-high-bandwidth-memory-hbm-301924469.html">enjoys a strong backlog</a> with new orders for 46 systems from various tier-1 High-Bandwidth Memory manufacturers, with most deliveries planned for 2024. These systems are essential for high-performance computing in multiple fields, such as AI and data centers. 



The combination of double-digit upside, backlog of orders, and solid financial performance makes it one of the best semiconductor stocks to buy right now.



<h2>Micron Technology (MU)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/mu_micron_1600-300x169.png" alt="An outside image of a Micron Technology, Inc. headquarters. MU stock. momentum stocks to buy soon"><div>Source: Charles Knowles / Shutterstock.com</div></div>Micron (NASDAQ:<a href="https://investorplace.com/stock-quotes/mu-stock-quote/">MU</a>) is a prominent name among semiconductor stocks due to its strong position in the computer memory market. 



Because of the rise of memory-intensive applications and systems, MU&rsquo;s concentration on DRAM and NAND memory products attracts attention. 



Micron&rsquo;s growth tailwinds are reflected on the bottom line, with revenue and earnings outstripping analyst estimates in fiscal Q1&rsquo;24. Additionally, <a href="https://investors.micron.com/news-releases/news-release-details/micron-technology-inc-reports-results-first-quarter-fiscal-2024">at $1.40 billion</a> as opposed to $249 million in the previous quarter, Micron&rsquo;s operational cash flow was remarkably robust. MU expects sales of $5.30 billion, plus or minus $200 million, in the second quarter of fiscal 2024, with a gross margin of 12.0% to 13.0%.



The chipmaker expects <a href="https://www.reuters.com/technology/micron-forecasts-strong-second-quarter-revenue-2023-12-20/">a strong showing this year</a> and forecasts a quick recovery in the chip market, particularly for memory and flash storage. Micron&rsquo;s advancements in high-bandwidth memory chips, especially for use in Nvidia&rsquo;s AI platforms, are the foundation for a strong year.



MU&rsquo;s upside is limited to 3%, but this is expected when dealing with semiconductor stocks riding the Nvidia wave. 



On the publication date, Faizan Farooque did not have (directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Faizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&amp;P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/03/3-semiconductor-stocks-looking-like-steals-in-q1/">3 Semiconductor Stocks Looking Like Steals in Q1</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Camtek Ltd (CAMT) is up Thursday morning, with the stock rising 1.88% in pre-market trading to 82.73. CAMT's short-term technical score of 91 indicates that the stock has traded more bullishly over the last month than 91% of stocks on the market. In the Semiconductor Equipment and Materials industry, which ranks 14 out of

Should You Buy Camtek Ltd (CAMT) Stock Thursday Morning?

Camtek declares $1.33 dividend

Camtek (CAMT) has released an update. Camtek Ltd., a leading provider of inspection and metrology solutions for the semiconductor industry, has ann...

Camtek Announces Generous $60 Million Cash Dividend

Camtek bags $25M order from HBM manufacturer

Camtek (CAMT) has released an update. Camtek Ltd., a leader in semiconductor inspection and metrology, announced a significant $25 million order fr...

Camtek Secures Major $25M Semiconductor Order

Camtek (CAMT) has received a new Buy rating, initiated by Evercore ISI analyst, Vedvati Shrotre. Vedvati Shrotre has given his Buy rating due to a ...

Camtek's Growth Prospects Bolstered by AI Chip Demand and Strong Order Momentum: A Buy Rating

Press Releases

Camtek Receives Order for 28 Systems from a tier-1 manufacturer for High Bandwidth Memory (HBM) and Heterogenous Integration (HI) Applications

CAMTEK ANNOUNCES RESULTS FOR THE THIRD QUARTER OF 2023

Thinking about trading options or stock in Snap, Teck Resources, Kanzhun, Camtek, or Tesla?

Camtek Receives Order for 25 Metrology & Inspection Systems from a Leading OSAT for Advanced Packaging Applications

Camtek Announces Participation in THE 26th Annual Needham Growth Conference In New York

Camtek TO REPORT fourth Quarter AND FULL YEAR 2023 FINANCIAL Results ON february 20, 2024

CAMTEK TO REPORT FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL RESULTS ON FEBRUARY 20, 2024

CAMTEK ANNOUNCES RESULTS FOR THE FOURTH QUARTER AND FULL YEAR OF 2023

Dividends

Camtek Declares a Cash Dividend of $1.33 per Share

Camtek Receives an Order for approximately $25M from a tier-1 manufacturer for High Bandwidth Memory (HBM)