CML Microsystems (LON:CML) Insider Buys 153,937 Shares of Company Stock

CML Microsystems plc (LON:CML) insider Nathan Zommer purchased 153,937 shares of CML Microsystems stock in a transaction dated Tuesday, September 29th. The shares were bought at an average cost of GBX 260 per share, for a total transaction of £400,236.20.

CML Microsystems Stock Up 4.4%

CML Microsystems stock traded up GBX 13.50 during midday trading on Wednesday, hitting GBX 321. The stock had a trading volume of 20,007 shares, compared to its average volume of 41,001. 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 stock has a market cap of £53.48 million, a P/E ratio of -972.73 and a beta of 0.27. CML Microsystems plc has a 12 month low of GBX 194 and a 12 month high of GBX 380. The business has a fifty day moving average price of GBX 296.27 and a 200 day moving average price of GBX 273.90.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reiterated a “house stock” rating on shares of CML Microsystems in a report on Tuesday, August 11th.

About CML Microsystems

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.