CML Microsystems (LON:CML) Insider Purchases £400,236.20 in Stock

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

CML Microsystems Trading Up 2.4%

Shares of CML Microsystems stock opened at GBX 322.50 on Friday. CML Microsystems plc has a fifty-two week low of GBX 194 and a fifty-two week high of GBX 380. The business’s fifty day moving average is GBX 299.64 and its two-hundred day moving average is GBX 275.59. The company has a quick ratio of 6.38, a current ratio of 3.83 and a debt-to-equity ratio of 3.80. The firm has a market cap of £53.73 million, a PE ratio of -977.27 and a beta of 0.27.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reissued a “house stock” rating on shares of CML Microsystems in a research note 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.