The semiconductor equipment company said the new orders will be used for 2D and 3D inspection and metrology for Advanced Packaging semiconductor applications. Camtek expects to install the new systems by the end of the current quarter.
"These new orders validate Camtek's accumulated experience in providing inspection and metrology for a wide range of bump types and sizes, including next generation bumps, used in the emerging advanced packaging market," vice president of and head of Camtek's semiconductor division Ramy Langer said in a statement.
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TheStreet Ratings team rates CAMTEK LTD as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate CAMTEK LTD (CAMT) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."