CCMP

CMC Materials Inc

TMT


Presented:01/14/2021
Price:$167.62
Cap:$4.87B
Current Price:$173.69
Cap:$5.04B

Presented

Date01/14/2021
Price$167.62
Market Cap$4.87B
Ent Value$4.91B
P/E Ratio34.74x
Book Value$36.94
Div Yield1.05%
Shares O/S29.08M
Ave Daily Vol195,553
Short Int2.86%

Current

Price$173.69
Market Cap$5.04B
CMC Materials, Inc. engages in the development, manufacture, and sale of chemical mechanical planarization consumables products. It operates through the following segments: Electronic Materials and Performance Material. The Electronic Materials segment consists of CMP slurries and polishing pads businesses and KMG electronic chemicals business. The Performance Materials segment includes KMG's heritage pipeline performance and wood treatment businesses and QED business. The firm offers chemical mechanical planarization slurries for polishing many of the conducting, insulating and isolating materials used in integrated circuit devices, and for polishing the disk substrates and magnetic heads used in hard disk drives. It also develops, manufactures and sells chemical mechanical planarization polishing pads, which are used in conjunction with slurries in the chemical mechanical planarization process. The company was founded by William P. Noglows in October 1999 and is headquartered in Aurora, IL.

Publicly traded companies mentioned herein: CMC Materials Inc (CCMP)

Highlights

The presenter is long shares of CMC Materials as he believes the company is poised to benefit from secular drivers in the semiconductor industry and a recovery in the oil transport business. 80% of CCMP’s revenue is derived from the sale of consumables used in the manufacturing of semiconductors, while the remaining 20% comes from drag reducing agents (DRAs), which improve the efficiency and throughput of oil within pipelines. While CCMP has limited, predominantly negative sell-side coverage, and is generally overlooked, he finds it to be a good proxy to take advantage of upcoming hardware trends. 

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.