CCMP stock: buy or sell?
September 20th, 2019
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:
|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?
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.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-7-8||Goldman Sachs Group||n/a||Buy|
CCMP stock analysis
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%.
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 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 $141.00How 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:
|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 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared 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%.
|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 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.
|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 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:
|Market cap||$4.2 B||$4.5 B||$2.6 B||$3.6 B||$224.7 B|
|Total shares||29.0 M||103.6 M||57.8 M||24.0 M||4,430.0 M|
|Float shares||28.7 M||102.7 M||57.1 M||23.7 M||4,430.0 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 selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, September 20th, 2019|
|Day range||$143.68 - $145.77|
|Average true range||$3.27|
|50d mov avg||$123.21|
|100d mov avg||$115.82|
|200d mov avg||$110.40|
Cabot Microelectronics performanceTo 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: