Stifel analyst Brian Chin notes Camtek (CAMT) reported Q3 results and issued Q4 guidance that exceeded the firm’s and consensus estimates. The firm agrees with Camtek’s assessment that CoWoS remains a key bottleneck and expects visibility to improve as TSMC (TSM) alleviates this. The firm, which believes the stock can recapture higher multiples as this occurs, maintains a Buy rating and $105 price target on Camtek shares.
