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

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

CML Microsystems Trading Up 4.4%

CML traded up GBX 13.50 during trading on Wednesday, hitting GBX 321. 20,007 shares of the company’s stock were exchanged, 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 firm has a market cap of £53.48 million, a P/E ratio of -972.73 and a beta of 0.27. The stock has a 50 day moving average price of GBX 296.27 and a 200 day moving average price of GBX 273.90. CML Microsystems plc has a 1 year low of GBX 194 and a 1 year high of GBX 380.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group restated 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.