CCMP stock: buy or sell?
January 24th, 2020
Cabot Microelectronics Corporation, together with its subsidiaries, develops, manufactures, and sells polishing slurries and pads used in the manufacture of advanced integrated circuit (IC) devices in the semiconductor industry in a process called chemical mechanical planarization (CMP).
Should I buy CCMP stock?Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Having a trading plan helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
Currently, 2 buy setups match with Cabot Microelectronics stock now:
|New all-time high||Yes|
|New 52 week high||Yes|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Cabot Microelectronics stock a buy?
Banks and financial institutions publish stock ratings everyday.At Stocks2.com, we collected 3 ratings published for CCMP stock in the last month.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-7-8||Goldman Sachs Group||n/a||Buy|
CCMP stock analysis
Cabot Microelectronics slipped -1.93% on January 24th to $156.17 after topping to all time highs on January/24.
Even the red candle ($156.17, -1.93%), Cabot Microelectronics peaked new all time high at $160.50. CCMP shows a strong short term uptrend with several rising tops and rising bottoms. Since its last bottom on January/6, CCMP climbed unceasignly breaking out to new all time highs. Since price and SMA100d lines crossed up on Dec/19, CCMP climbed $21.83 (16.25%).
Shares of Cabot Microelectronics ended this week at $156.17 after topping to a new all time high ($160.50) and appreciated a tiny 0.95%. For 4 weeks in a row, price soared and marked a profit of 9.81%. Early December CCMP climbed a super good 6.10% in just one week.
CCMP shows a long term strength with several rising tops and rising bottoms. It left a new bottom at $120.53 early December. Previous top ($160.31) will play as a resistance in possible new gains. Since early June 2019 when CCMP stock price broke up the SMA40w line, it gained $59.67 (61.83%). Late April 2019, SMA20w and SMA40w crossed up triggering a rise of 24.46%.
CCMP stock price history
CCMP IPO was on April 5th, 2000 at $16.10 per share1. Since then, CCMP stock surged a 870.00%, with a yearly average of 45.80%. If you had invested $1,000 in CCMP stock in 2000, it would worth $8,700.00 today.
1: Adjusted price after possible price splits or reverse-splits.
CCMP stock historical price chart
CCMP stock reached all-time highs on January/24 with a price of $160.50.
CCMP stock price target is $141.00Nobody can reliably foresee how stock prices may evolve in the future. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. You should not follow the analysts' CCMP stock price predictions in the hope that they will be met as they may be wrong and not met. We found 3 price targets for Cabot Microelectronics stock published in the last month:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-9-12||Buckingham Research||Raises Target||$130.00||$150.00||15.4%|
|2019-7-8||Goldman Sachs Group||Initiates||n/a||$148.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareCabot Microelectronics reported dazzling results for 2018-Q4 on February. Cabot Microelectronics skyrocketed Earnings per Share (EPS) by 29.30%, beating analysts estimates of $1.47. Cabot Microelectronics posted $1.90.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual sales report draw an amazing gain of 16.35% to $590.12 M USD. When comparing 2018 vs 2017, however, profit margin (that is, the net income divided by revenues) stepped up a 1.50% to 18.65%. To have an updated view of the financial situation of Cabot Microelectronics, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2018-Q4 that can be compared to 2018 fiscal year results. Annual Cabot Microelectronics TTM sales up to December 2018 were $671.92 and earnings were $126.57 M dollars. When comparing this TTM figures with the last reported annuality, we can esteem Cabot Microelectronics business evolution since September 2018: Annual sales up to December, compared to lastest yearly report, rocketed an astounding 13.86%. However, profit margin (net income/revenues) remained steady at 18.65%.
|2013||$433 M||-||$51 M11.9%||-|
|2014||$425 M||-1.95%||$50 M11.8%||-2.10%|
|2015||$414 M||-2.49%||$56 M13.6%||11.60%|
|2016||$430 M||3.95%||$60 M13.9%||6.60%|
|2017||$507 M||17.83%||$87 M17.1%||45.29%|
|2018||$590 M||16.35%||$110 M18.6%||26.56%|
|TTM||$672 M||13.86%||$127 M18.8%||15.02%|
Quarterly financial resultsCabot Microelectronics posted $221.78 M in revenues for 2018-Q4, a 41.50% up compared to previous quarter. Reported quarter income marked $13.44 M with a profit margin of 6.06%. Profit margin plummed a -24.70% compared to previous quarter when profit margin was 30.77%. When comparing revenues to same quarter last year, Cabot Microelectronics sales marked an extraordinary growth and climbed a 58.44%. Looking back to recent quarterly results, Cabot Microelectronics posted 7 negative quarters in a row.
|2017-Q1||$119 M||-||$18 M15.3%||-|
|2017-Q2||$128 M||7.37%||$20 M15.5%||9.11%|
|2017-Q3||$137 M||6.89%||$26 M19.3%||32.93%|
|2017-Q4||$140 M||2.34%||$-3 M-2.2%||-111.66%|
|2018-Q1||$143 M||2.14%||$30 M20.8%||-1,064.55%|
|2018-Q2||$150 M||5.22%||$35 M23.4%||18.27%|
|2018-Q3||$157 M||4.18%||$48 M30.8%||37.10%|
|2018-Q4||$222 M||41.50%||$13 M6.1%||-72.12%|
Cabot Microelectronics ownershipWhen you are planning to buy a company, it's worth to overview its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Cabot Microelectronics, of all outstanding shares are owned by its staff.
The following table compares ownership indicators for other stocks related to Cabot Microelectronics:
|Market cap||$0.0 M|
|Total shares||0.0 M|
|Float shares||0.0 M|
|- Institutional holdings (%)||0.0%|
|- Insider holdings (%)||0.0%|
|Shares in short selling||0.0%|
|Friday, January 24th, 2020|
|Day range||$155.25 - $160.50|
|Average true range||$3.25|
|50d mov avg||$141.70|
|100d mov avg||$142.16|
|200d mov avg||$127.79|
Cabot Microelectronics performanceStocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. In the following table, we compare Cabot Microelectronics to :