CCMP stock: buy or sell?

CCMP stock price: $145.11 0.42% At close on September 20th, 2019

Updated on:
September 20th, 2019

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After topping to all time highs today, Cabot Microelectronics gained 0.42% today to $145.11. Friday was the 5th climbing day in a row, soaring 4.95%.

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?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best moment to buy them. 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 work for Cabot Microelectronics stock right 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?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we collected 3 ratings published for CCMP stock in the last 30 days.

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

Shares of Cabot Microelectronics ended today at $145.11 after marking a new all time high ($145.77) and gained a slightly good 0.42%.

Shares of Cabot Microelectronics closed today at $145.11 after topping to a new all time high ($145.77) and gained a slightly good 0.42%. On June CCMP price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. CCMP shows a sign of strength in the short-term after finally breaking out above $126.34 on August 19th and marking a new rising bottom. On August 22nd, SMA50d and SMA100d crossed up triggering a rise of 16.70%.

CCMP stock chart (daily)

Weekly outlook

Cabot Microelectronics shares skyrocketed 4.98% this week and topped a new all time high at $145.77. This week was the fourth green week in a row. Last week CCMP climbed an exceptional 5.92% in just one week. Late July CCMP plunged a dreadful -5.58% in just one week.

Price pattern shows an uptrend with two rising tops and bottoms, and now finally trading above the $129.44 resistance. Since early June when CCMP stock price broke up the SMA40w line, it gained $48.01 (49.44%). Since late April when SMA20w and SMA40w crossed up, CCMP price gained $18.86 per share (14.94%).

CCMP stock chart (weekly)

CCMP stock price history

CCMP IPO was on April 5th, 2000 at $16.20 per share1. Since then, CCMP stock surged a 795.70%, with an average of 41.90% per year. If you had invested $1,000 in CCMP stock in 2000, it would worth $7,957.00 today.

1: Adjusted price after possible price splits or reverse-splits.

CCMP stock historical price chart

CCMP stock reached all-time highs today with a price of $145.77.

CCMP stock price target is $141.00

How much a stock will be priced tomorrow or next week is quite unpredictable However, many stock price predictions are published every day by banks, financial institutions and independent analysts. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We found 3 price predictions 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%
The price prediction for Cabot Microelectronics stock is $141.00, moving in a range between $150.00 and $125.00. In average, analysts' outlook on CCMP price forecast is positive, upgrading the forecast by a 8.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Cabot Microelectronics presented extraordinary results for 2018-Q4 on February. Cabot Microelectronics boosted Earnings per Share (EPS) by 29.30%, beating experts 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 turnover report draw an exceptional increase of 16.35% to $590.12 million dollars. When comparing 2018 vs 2017, in contrast, profit margin (that is, the net income divided by revenues) inched a 1.50% to 18.65%.

To have an updated picture 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 income was $126.57 M USD. When comparing this TTM figures with the last reported annuality, we can review Cabot Microelectronics business evolution since September 2018: Annual turnover up to December, compared to lastest yearly report, rocketed an astounding 13.86%. Instead, profit margin (net income/revenues) remained stable 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 sales for 2018-Q4, a 41.50% up compared to previous quarter. Reported quarter earnings marked $13.44 million 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 turnover to same quarter last year, Cabot Microelectronics sales marked an amazing gain and climbed a 58.44%. Looking back to recent quarterly results, Cabot Microelectronics posted 7 positive 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 shares of a stock, it's worth to overview its ownership structure.

Cabot Microelectronics shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 1.37% of all shares.

Bearish positions for CCMP stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Cabot Microelectronics:

CCMPAVTCBTCOHRINTC
Market cap$4.2 B$4.5 B$2.6 B$3.6 B$224.7 B
Total shares29.0 M103.6 M57.8 M24.0 M4,430.0 M
Float shares28.7 M102.7 M57.1 M23.7 M4,430.0 M
  - Institutional holdings (%)98.2%97.8%88.2%101.1%68.8%
  - Insider holdings (%)1.4%1.2%1.1%1.2%0.1%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

CCMP summary

Friday, September 20th, 2019
Open$144.39
Close$145.11
Day range$143.68 - $145.77
Previous close$144.50
Session gain0.42%
Average true range$3.27
50d mov avg$123.21
100d mov avg$115.82
200d mov avg$110.40
Daily patternlb02c
Weekly pattern lb02c

Cabot Microelectronics performance

To better understand Cabot Microelectronics performance you must compare its gains with other related stocks in same sector or industry. In the following table, we compare Cabot Microelectronics performance to Avnet, Cabot, Coherent, Intel, Materion, Rubicon Technology, Rogers and Xperi:
Stock3m6m12m
CCMPCabot Microelectr...33.23%31.65%41.43%
AVTAvnet1.17%3.79%-6.34%
CBTCabot0.11%13.00%-28.86%
COHRCoherent17.65%12.01%-18.86%
INTCIntel7.59%-3.54%11.50%
MTRNMaterion-3.82%17.55%9.97%
RBCNRubicon Technolog...6.76%11.94%4.17%
ROGRogers-11.78%-3.46%-2.10%
XPERXperi5.82%-10.07%35.73%

Cabot Microelectronics competitors

We chose a few stocks to conform a list of Cabot Microelectronics competitors to watch if you are interested in investing in CCMP: