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CML Microsystems ( (GB:CML) ) has shared an announcement.
CML Microsystems Plc announced the transfer of 90,780 ordinary shares from treasury as part of the acquisition of Microwave Technology, Inc. This move is part of issuing Consideration Shares to the vendors of MwT, following the acquisition announcement made on 2 October 2023. The company’s total issued share capital now comprises 16,504,754 ordinary shares, with 479,115 held in treasury, resulting in 16,025,639 shares carrying voting rights. This update aligns with the Financial Conduct Authority’s Disclosure and Transparency rules, providing shareholders with the necessary information for interest calculations.
The most recent analyst rating on (GB:CML) stock is a Hold with a £275.00 price target. To see the full list of analyst forecasts on CML Microsystems stock, see the GB:CML Stock Forecast page.
Spark’s Take on GB:CML Stock
According to Spark, TipRanks’ AI Analyst, GB:CML is a Neutral.
CML Microsystems’ overall stock score is primarily impacted by its financial performance, which shows profitability and cash flow challenges despite a strong equity position. Technical analysis indicates neutral momentum, while valuation is hindered by a negative P/E ratio, though the dividend yield offers some investor appeal.
To see Spark’s full report on GB:CML stock, click here.
More about CML Microsystems
CML Microsystems Plc develops mixed-signal, RF, and microwave semiconductors for global communications markets. The company operates in the UK, Asia, and USA, focusing on high-growth communication market sub-segments with high entry barriers. It boasts a diverse customer base, including leading commercial and industrial manufacturers, and benefits from market drivers like faster data transmission, telecom infrastructure upgrades, and the rise of industrial IoT networks.
Average Trading Volume: 21,007
Technical Sentiment Signal: Sell
Current Market Cap: £43.34M
Learn more about CML stock on TipRanks’ Stock Analysis page.