Market Overview

UPDATE: Topeka Capital Markets Initiates Cabot Microelectronics at Hold on Soft End-Markets

Related CCMP
Versum Materials Is An Electronics Materials Pure Play
20 Stocks Which Rallied Three Days On Increasing Volume

Topeka Capital Markets initiated coverage on Cabot Microelectronics (NASDAQ: CCMP) with a Hold rating and a $33 price target.

Topeka Capital Markets commented, "CCMP is a leading supplier of critical enabling CMP chemicals and materials used by semiconductor manufacturers. Demand for its products generally correlate with wafer starts, but CCMP's growth profile is augmented by increasing traction in CMP pads, where the Company has good momentum thanks to market share gains. The industry's current backdrop, however, is soft, making it difficult to envision CCMP posting strong results near-term, and dissuading us from recommending the stock, despite reasonably attractive valuation and FCF yield metrics."

Cabot Microelectronics closed at $31.14 on Monday.

Latest Ratings for CCMP

Mar 2017Aegis CapitalUpgradesHoldBuy
Feb 2016CitigroupDowngradesBuyNeutral
Jul 2015CitigroupMaintainsBuy

View More Analyst Ratings for CCMP
View the Latest Analyst Ratings

Posted-In: Topeka Capital MarketsAnalyst Color Initiation Pre-Market Outlook Analyst Ratings


Related Articles (CCMP)

View Comments and Join the Discussion!