CCMP stock: buy or sell?

CCMP stock price: $156.17 -1.93% At close on January 24th, 2020

Updated on:
January 24th, 2020

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Cabot Microelectronics slipped -1.93% to $156.17 after marking all time highs on Jan 24th. Last session broke a streak of 4 green days in a row.

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:

Buy setupElegible
New all-time highYes
New 52 week highYes
Price crossing up 200d MANo
100d MA crossing up 200d MANo

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.

Is CCMP a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-12Buckingham Researchn/aBuy
2019-7-8Goldman Sachs Groupn/aBuy
2019-7-8CL KingBuyBuy

CCMP stock analysis

Daily outlook

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%).

CCMP stock chart (daily)

Weekly outlook

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 chart (weekly)

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 $141.00

Nobody 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:
CCMP stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-12Buckingham ResearchRaises Target$130.00$150.0015.4%
2019-7-8Goldman Sachs GroupInitiatesn/a$148.00-
2019-7-8CL KingInitiatesn/a$125.00-
(in average)$130.00$141.008.0%
Moving in a range from $150.00 and $125.00, the price target for CCMP stock is $141.00. In average, analysts' outlook on CCMP price target is positive, upgrading the prediction by a 8.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Cabot 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.
CCMP earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a1.58n/a
2017-Q2-n/a0.77n/a
2017-Q32017-10-260.871.0723.0%
2017-Q42018-01-251.021.1916.7%
2018-Q12018-04-261.051.1913.3%
2018-Q22018-07-251.211.3713.2%
2018-Q32018-10-241.341.4810.4%
2018-Q42019-02-061.471.929.3%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared 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%.

CCMP annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
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 M3.95%$60 M13.9%6.60%
2017$507 M17.83%$87 M17.1%45.29%
2018$590 M16.35%$110 M18.6%26.56%
TTM $672 M13.86%$127 M18.8%15.02%

Quarterly financial results

Cabot 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.
CCMP quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$119 M-$18 M15.3%-
2017-Q2$128 M7.37%$20 M15.5%9.11%
2017-Q3$137 M6.89%$26 M19.3%32.93%
2017-Q4$140 M2.34%$-3 M-2.2%-111.66%
2018-Q1$143 M2.14%$30 M20.8%-1,064.55%
2018-Q2$150 M5.22%$35 M23.4%18.27%
2018-Q3$157 M4.18%$48 M30.8%37.10%
2018-Q4$222 M41.50%$13 M6.1%-72.12%

Cabot Microelectronics ownership

When 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:

CCMP
Market cap$0.0 M
Total shares0.0 M
Float shares0.0 M
  - Institutional holdings (%)0.0%
  - Insider holdings (%)0.0%
Shares in short selling0.0%

CCMP summary

Friday, January 24th, 2020
Open$160.13
Close$156.17
Day range$155.25 - $160.50
Previous close$159.25
Session gain-1.93%
Average true range$3.25
50d mov avg$141.70
100d mov avg$142.16
200d mov avg$127.79
Daily patternlb03c
Weekly pattern lb03a

Cabot Microelectronics performance

Stocks 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 :
Stock3m6m12m
CCMPCabot Microelectr...3.44%28.20%59.03%

Cabot Microelectronics competitors

Unfortunately, we could not find any public company that could be defined as Cabot Microelectronics competitor. This doesn't mean Cabot Microelectronics does not have any competitor in the market, it's just we could not detected it.