Benzinga | Apr 1, 2021 08:23AM EDT

Camtek Stock Is Trading Higher On Bagging $20 Million Orders

* Israel-based Camtek Ltd (NASDAQ: 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.