Key Points
- Insider purchase: Nathan Zommer bought 153,937 CML Microsystems shares at GBX 260 each, investing approximately £400,236.
- Stock performance: CML shares opened at GBX 321, with a 52-week range of GBX 194 to GBX 380 and a market capitalization of approximately £53.48 million.
- Analyst view and business: Shore Capital reaffirmed its “house stock” rating. CML develops mixed-signal, RF and microwave semiconductors for global communications markets and serves a diversified blue-chip customer base.
CML Microsystems plc (LON:CML - Get Free Report) insider Nathan Zommer acquired 153,937 shares of the company's stock in a transaction that occurred on Tuesday, September 29th. The shares were acquired at an average cost of GBX 260 per share, for a total transaction of £400,236.20.
CML Microsystems Stock Performance
CML stock opened at GBX 321 on Thursday. The business's 50-day moving average price is GBX 297.39 and its two-hundred day moving average price is GBX 274.62. The company has a current ratio of 3.83, a quick ratio of 6.38 and a debt-to-equity ratio of 3.80. The firm has a market cap of £53.48 million, a PE ratio of -972.73 and a beta of 0.27. CML Microsystems plc has a 1-year low of GBX 194 and a 1-year high of GBX 380.
Wall Street Analyst Weigh In
Separately, Shore Capital Group reaffirmed a "house stock" rating on shares of CML Microsystems in a research report on Tuesday, August 11th.
Read Our Latest Stock Report on CML
CML Microsystems Company Profile
(
Get Free Report)
CML develops mixed-signal, RF and microwave semiconductors for global communications markets. The Group utilises a combination of outsourced manufacturing and in-house testing with trading operations in the UK, Asia and USA. CML targets sub-segments within Communication markets with strong growth profiles and high barriers to entry. It has secured a diverse, blue chip customer base, including some of the world's leading commercial and industrial product manufacturers.
The spread of its customers and diversity of the product range largely protects the business from the cyclicality usually associated with the semiconductor industry.
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