Cabot Microelectronics (NASDAQ:CCMP), a provider of sprucing slurries and sprucing pads used within
Cabot Microelectronics (NASDAQ:CCMP), a provider of sprucing slurries and sprucing pads used within the semiconductor business, has seen its inventory rally by over 40% this yr to about $135. There are a number of components driving the rise. Whereas the semiconductor market has seen headwinds during the last yr or so, on account of decrease pricing and tepid demand, there have been some indicators that issues may stabilize. Furthermore, demand for the corporate’s consumables may rise within the interim, pushed by increased semiconductor content material and extra complicated chips coming in with the appearance of applied sciences akin to 5G and AI. Individually, in late 2018, the corporate closed a deal to purchase KMG Chemical substances, an organization that sells specialty chemical substances for numerous sectors, together with the semiconductor business. The deal ought to permit Cabott to bolster its product portfolio and improve its geographic attain.
We âstep backâ from these latest swings to overview Cabot Microelectronics’ efficiency over the previous few years, as a context for what may come subsequent. Our Interactive dashboard, Why Is Cabot Microelectronics Stock Up Over 40% This Year? opinions the close to time period causes and the massive image.
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