CML Microsystems Director Increases Stake with Significant Share Purchase

CML Microsystems ( (GB:CML) ) has shared an announcement.

CML Microsystems announced that Dr. Nathan Zommer, a Non-Executive Director, purchased 100,000 ordinary shares at 220p each, increasing his stake to approximately 4.35% of the company’s total voting rights. This transaction, conducted on the London Stock Exchange’s AIM Market, signifies confidence in the company’s strategic direction and stability, potentially influencing investor sentiment positively.

More about CML Microsystems

CML Microsystems Plc develops mixed-signal, RF, and microwave semiconductors for global communications markets. The company combines outsourced manufacturing with in-house testing and operates in the UK, Asia, and the USA. It focuses on high-growth sub-segments within the communications market, targeting areas with high barriers to entry. CML has a diverse customer base, including leading commercial and industrial product manufacturers, and is largely protected from the cyclicality of the semiconductor industry. The company is cash-generative, debt-free, and pays dividends.

YTD Price Performance: -20.87%

Average Trading Volume: 14,836

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £36.2M

For an in-depth examination of CML stock, go to TipRanks’ Stock Analysis page.