Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, September 1, 2023

Article Excerpt

CAMTEK LTD., $60.50, symbol CAMT on Nasdaq, is a provider of high-end inspection and metrology systems to the semiconductor (computer chip) market. (Metrology, by its broadest definition, is the science of measurement. In the context of modern manufacturing, metrology refers to quality assurance methods used to calibrate machinery for production and to measure the resulting parts.) Based in Israel, Camtek has more than 2,000 systems installed worldwide. Each of those systems retails for between $800,000 and $1 million. The stock made a big jump on August 29, 2023. That’s after the company reported having received 45 orders since the beginning of August. That brings its total orders since the beginning of July to 100. In the quarter ended June 30, 2023, Camtek’s revenue was $73.8 million, down 7.3% from $79.68 million a year earlier. That most-recent revenue nonetheless exceeded forecast. Excluding one-time items, the company earned $21.9 million, or $0.45 a share. That was down 0.9% from $22.1 million, or $0.46. Camtek’s balance sheet is…