Camtek LTD. (NASDAQ:CAMT) Price Target Increased By Chardan

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Dallas, Texas 03/05/2014 (FINANCIALSTRENDS) – After mixed 4Q results, Chardan Capital Market analyst Jay Srivatsa lifted his price target on Camtek (NASDAQ: CAMT) from $2.50 to $6.00 and also valued the firm at 15x 2015E Earnings per share (EPS). The previous value was 10x 2014E EPS. According to his analysis, the company has potential to become a major player in 3D inkjet printing for printed circuit boards. With the business running in a stable mode now, he feels that the company can focus on commercializing its “solder mask deposition 3D printer” which could significantly boost up the revenue growth in 2015. The current rating is tagged as “Buy”.

Camtek LTD 3D Inkjet System Production Rollout Plans.

Camtek LTD. (NASDAQ:CAMT) indicated that the production will commence soon, once testing at customer site is completed successfully without any issues. The testing is currently in progress and will continue for next few months and the company thereafter plans to roll out the commercial installation during second half of 2014.

Camtek LTD Q4 Results

The company’s revenues in 2103 saw an increase by 1 percent to come in at $84 million. The company reported GAAP and Non GAAP income for the quarter of $1.1million and $3.2 million respectively for the same time period. The GAAP and Non GAAP net income figures for the quarter reported were $7 thousand and $2.1 million respectively. The company’s positive operating cash flow was $4.7 million. And at end of December, 2013 the cash and equivalents were $22.5 million.

Camtek LTD Focus In 2104.

The company will be focusing on semiconductor inspection and metrology, also on 3D inkjet system and PCB inspection. In terms of direction for the first quarter of 2014, the company is targeting revenues in the range of $21-$23 million and is targeting a growth rate of above 20% for the full fiscal.

Camtek LTD. (NASDAQ:CAMT) Presentation At Capital Growth Conference.

Camtek LTD.(NASDAQ:CAMT) made an announcement confirming it will be participating in Annual Roth Capital Growth Stock Conference scheduled to be held during second week of March in California. The conference also provides an opportunity for Camtek investors to interact with the company’s CFO.

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