CMC Materials, Inc., together with its subsidiaries, provides consumable materials to semiconductor manufacturers, and pipeline and adjacent industry customers in North America, Asia, Europe, the Middle East, Africa, and South America. The company operates through two segments, Electronic Materials and Performance Materials. The Electronic Materials segment provides chemical mechanical planarization (CMP) are used for polishing various materials used in IC devices, including tungsten, dielectric materials, copper, tantalum, and aluminum; and various materials that are used in the production of disk substrates and magnetic heads for hard disk drives; and CMP pads which are used in conjunction with slurries in the CMP process. This segment also offers sulfuric, phosphoric, nitric, and hydrofluoric acids, as well as ammonium hydroxide, hydrogen peroxide, isopropyl alcohol, other specialty organic solvents, and various blends of chemicals. The Performance Materials segment engages in pipeline and industrial materials business; provides routine and emergency maintenance services; polymer-based drag-reducing agents for crude oil transmission; and valve greases, cleaners and sealants, and related services and equipment. This segment also offers precision polishing and metrology systems for advanced optics applications; and magneto-rheological polishing fluids, consumables, and spare and replacement parts, as well as optical polishing services and other customer support services. It also engages in the wood treatment business. The company was formerly known as Cabot Microelectronics Corporation and changed its name to CMC Materials, Inc. in October 2020. CMC Materials, Inc. was founded in 1999 and is headquartered in Aurora, Illinois.
IPO Year: 2000
Exchange: NASDAQ
Website: cmcmaterials.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/7/2022 | Buy → Neutral | CL King | |
| 2/4/2022 | $155.00 → $197.00 | Buy → Neutral | Mizuho |
| 12/17/2021 | $130.00 → $200.00 | Sell → Neutral | Citigroup |
| 12/16/2021 | Buy → Neutral | Seaport Global | |
| 11/15/2021 | $149.00 → $192.00 | Neutral → Buy | Goldman |
| 11/12/2021 | $152.00 → $155.00 | Buy | Mizuho |
| 10/13/2021 | $152.00 | Buy | Mizuho |
CL King downgraded CMC Materials from Buy to Neutral
Mizuho downgraded CMC Materials from Buy to Neutral and set a new price target of $197.00 from $155.00 previously
Citigroup upgraded CMC Materials from Sell to Neutral and set a new price target of $200.00 from $130.00 previously
Seaport Global downgraded CMC Materials from Buy to Neutral
Goldman upgraded CMC Materials from Neutral to Buy and set a new price target of $192.00 from $149.00 previously
Mizuho reiterated coverage of CMC Materials with a rating of Buy and set a new price target of $155.00 from $152.00 previously
Mizuho initiated coverage of CMC Materials with a rating of Buy and set a new price target of $152.00
Wolfe Research initiated coverage of CMC Materials with a rating of Underperform
Berenberg upgraded CMC Materials from Hold to Buy and set a new price target of $180.00 from $175.00 previously
Seaport Global upgraded CMC Materials from Neutral to Buy and set a new price target of $180.00
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Entegris, Inc. (NASDAQ:ENTG) today announced that it has completed its acquisition of CMC Materials, Inc. (NASDAQ:CCMP). "It is an exciting day at Entegris. With the closing of the acquisition of CMC Materials, we are creating the global leader in electronic materials," said Bertrand Loy, president and chief executive officer of Entegris. "We are better positioned than ever to address our customers' most demanding process challenges and support their ambitious technology roadmaps, while achieving a faster time-to-solution. The addition of CMC Materials further differentiates our unit-driven platform and will allow us to unlock significant growth through enhanced innovation, scale and execu
Transaction Expected to Close on July 6, 2022 Entegris, Inc. (NASDAQ:ENTG) and CMC Materials, Inc. (NASDAQ:CCMP) today announced that China's State Administration for Market Regulation has given antitrust clearance for Entegris' previously announced acquisition of CMC Materials. The transaction has now received all required regulatory clearances. Entegris and CMC Materials anticipate that the transaction will close on or about July 6, 2022, subject to the satisfaction of the remaining customary closing conditions. The parties announced their agreement for Entegris to acquire CMC Materials in a cash and stock transaction on December 15, 2021. The transaction brings together two highly comp
Record Company Revenue of $324.1 Million, 11.6% Higher than Last Year and 2.2% Higher Sequentially Electronic Materials Segment Revenue of $274.5 Million, 13.2% Higher than Last Year and 2.6% Higher SequentiallyNet Income of $34.6 Million; Adjusted Net Income of $56.4 Million, 11.1% Higher Than Last YearAdjusted EBITDA of $96.3 Million, 13.6% Higher Than Last Year AURORA, Ill., May 04, 2022 (GLOBE NEWSWIRE) -- CMC Materials, Inc. (NASDAQ:CCMP), a leading global supplier of consumable materials primarily to semiconductor manufacturers, today reported financial results for its second quarter of fiscal 2022, which ended March 31, 2022. "We are very pleased to report strong results for our s
Aurora, IL, April 14, 2022 (GLOBE NEWSWIRE) -- CMC Materials (NASDAQ:CCMP), a leading global supplier of consumable materials primarily to semiconductor manufacturers, announced the timing of its earnings release for the second quarter of fiscal year 2022, which ended March 31, 2022. The second quarter earnings release will be available in the Investor Relations section of the company's website, cmcmaterials.com after market close on Wednesday, May 4, 2022. In light of the pending transaction with Entegris, Inc., the company has opted not to conduct a conference call to discuss its financial results. ABOUT CMC MATERIALS, INC. CMC Materials, Inc., headquartered in Aurora, Illinois,
Aurora, IL, March 09, 2022 (GLOBE NEWSWIRE) -- CMC Materials, Inc. (NASDAQ:CCMP) today announced that its Board of Directors has declared a quarterly cash dividend of $0.46 per share on the company's common stock. The dividend will be payable on or about April 22, 2022 to shareholders of record at the close of business on March 23, 2022. ABOUT CMC MATERIALS, INC. CMC Materials, Inc., headquartered in Aurora, Illinois, is a leading global supplier of consumable materials primarily to semiconductor manufacturers. The company's products play a critical role in the production of advanced semiconductor devices, helping to enable the manufacture of smaller, faster and more complex devices by
Aurora, IL, Feb. 15, 2022 (GLOBE NEWSWIRE) -- CMC Materials, Inc. (NASDAQ:CCMP) ("CMC"), a leading global supplier of consumable materials primarily to semiconductor manufacturers, today announced the conclusion of United States Presidential review, thereby affirming the Company's favorable Final Determination in its International Trade Commission ("ITC") case against DuPont de Nemours, Inc. and several DuPont subsidiaries (collectively, "DuPont"). As announced in December, the ITC found DuPont is unlawfully importing, selling, and marketing in the United States certain chemical mechanical planarization ("CMP") slurries and components thereof that infringe a patent owned by CMC that is fu
Record Company Revenue of $317.0 Million, 10.1% Higher than Last Year and 1.6% Higher Sequentially Electronic Materials Segment Revenue of $267.7 Million, 13.0% Higher than Last Year and 5.3% Higher Sequentially AURORA, Ill., Feb. 02, 2022 (GLOBE NEWSWIRE) -- CMC Materials, Inc. (NASDAQ:CCMP), a leading global supplier of consumable materials primarily to semiconductor manufacturers, today reported financial results for its first quarter of fiscal 2022, which ended December 31, 2021. "I am proud of the CMC Materials team for delivering our fifth consecutive quarter of record revenue," said David Li, President and CEO of CMC Materials. "Strong growth in our Electronic Materials segment w
Aurora, IL, Jan. 13, 2022 (GLOBE NEWSWIRE) -- CMC Materials (NASDAQ:CCMP), a leading global supplier of consumable materials primarily to semiconductor manufacturers, announced the timing of its earnings release for the first quarter of fiscal year 2022, which ended December 31, 2021. The first quarter earnings release will be available in the Investor Relations section of the company's website, cmcmaterials.com after market close on Wednesday, February 2, 2022. In light of the pending transaction with Entegris, Inc., the company has opted not to conduct a conference call to discuss its financial results. ABOUT CMC MATERIALS, INC. CMC Materials, Inc., headquartered
Aurora, IL, Dec. 16, 2021 (GLOBE NEWSWIRE) -- CMC Materials, Inc. (NASDAQ:CCMP) ("CMC"), a leading global supplier of consumable materials primarily to semiconductor manufacturers, today announced that the company won a resounding legal victory in its United States International Trade Commission (ITC) case against DuPont de Nemours, Inc. and several DuPont subsidiaries (collectively, "DuPont"). The ITC issued a Final Determination that found that DuPont is unlawfully importing, selling, and marketing in the United States certain chemical mechanical planarization ("CMP") slurries and components thereof that infringe a patent owned by CMC that is fundamental to advanced dielectric CMP slurri
Adds Leading CMP Products and Technology to Entegris' World-Class Solutions Set, Creating a Comprehensive Electronic Materials Platform Highly Complementary Combined Portfolio Expands Served Markets and Content per Wafer Opportunity Opportunity to Unlock Growth and Profitability through Enhanced Innovation, Scale, Execution and Revenue Synergies Expected to be Significantly Accretive to Non-GAAP EPS in Year 1; Generates $75 Million in Run-Rate Cost Synergies and $40 Million of CapEx Synergies within 12-18 Months from Closing Entegris and CMC Materials to Host Conference Call Today at 8:00 a.m. EST Entegris, Inc. (NASDAQ:ENTG) and CMC Materials, Inc. (NASDAQ:CCMP) today announced a defi
CICERO, Ill., April 10, 2023 (GLOBE NEWSWIRE) -- Broadwind, Inc. (NASDAQ:BWEN, or the "Company"))), a diversified precision manufacturer of specialized components and solutions serving global markets, filed its definitive proxy statement with the U.S. Securities and Exchange Commission (the "SEC") in connection with its 2023 annual meeting of stockholders (the "2023 Annual Meeting"), which is scheduled to be held on May 23, 2023 (the "2023 Annual Meeting"). The Company has also sent a letter to shareholders. The full text of the letter follows. April 10, 2023 Dear Fellow Shareholder, Thank you for your investment in Broadwind, Inc. ("Broadwind"). Over the past year, Broadwind took deci
CICERO, Ill., March 27, 2023 (GLOBE NEWSWIRE) -- Broadwind, Inc. (NASDAQ:BWEN, or the "Company"))), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced the appointment of Ms. Jeanette A. Press to its Board of Directors (the "Board"), effective March 22, 2023. With the appointment of Ms. Press, the Board returned its size to seven members, six of whom are independent. Ms. Press will serve as a member of the Board effective immediately, and the Board has determined to nominate Ms. Press for re-election as a director at the 2023 annual meeting of stockholders (the "2023 Annual Meeting"). She will also serve as a member of both
Two Highly Qualified Independent Directors Have Joined the Board Rogers Continues to Build Strong Momentum for Business with Support of Shareholders Rogers Corporation (NYSE:ROG) ("Rogers" or the "Company") today announced that it has entered into an agreement (the "Agreement") with Starboard Value LP (together, with certain of its affiliates "Starboard") regarding the composition of Rogers' Board of Directors (the "Board'), among other things. Starboard is an investment firm that owns approximately 6.5% of Rogers' outstanding common stock. Under the terms of the Agreement, Rogers has appointed to the Board Anne K. Roby, former Executive Vice President at Linde plc., and Armand F. Lauzon
Entegris, Inc. (NASDAQ:ENTG) today announced that it has completed its acquisition of CMC Materials, Inc. (NASDAQ:CCMP). "It is an exciting day at Entegris. With the closing of the acquisition of CMC Materials, we are creating the global leader in electronic materials," said Bertrand Loy, president and chief executive officer of Entegris. "We are better positioned than ever to address our customers' most demanding process challenges and support their ambitious technology roadmaps, while achieving a faster time-to-solution. The addition of CMC Materials further differentiates our unit-driven platform and will allow us to unlock significant growth through enhanced innovation, scale and execu
NEW YORK, June 28, 2022 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices: S&P SmallCap 600 constituent Omnicell Inc (NASD: OMCL) will replace Coherent Inc. (NASD: COHR) in the S&P MidCap 400, and Stride Inc (NYSE:LRN) will replace Omnicell in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, July 5. S&P MidCap 400 constituent II-VI Inc. (NASD: IIVI) is acquiring Coherent in a deal expected to be completed on July 1, pending final closing conditions.S&P SmallCap 600 constituent Southwestern Energy Co. (NYSE:SWN) will replace CDK Global Inc. (NASD:CDK) in the S&P MidCap 400, and Frontdo
Transaction Expected to Close on July 6, 2022 Entegris, Inc. (NASDAQ:ENTG) and CMC Materials, Inc. (NASDAQ:CCMP) today announced that China's State Administration for Market Regulation has given antitrust clearance for Entegris' previously announced acquisition of CMC Materials. The transaction has now received all required regulatory clearances. Entegris and CMC Materials anticipate that the transaction will close on or about July 6, 2022, subject to the satisfaction of the remaining customary closing conditions. The parties announced their agreement for Entegris to acquire CMC Materials in a cash and stock transaction on December 15, 2021. The transaction brings together two highly comp
Record Company Revenue of $324.1 Million, 11.6% Higher than Last Year and 2.2% Higher Sequentially Electronic Materials Segment Revenue of $274.5 Million, 13.2% Higher than Last Year and 2.6% Higher SequentiallyNet Income of $34.6 Million; Adjusted Net Income of $56.4 Million, 11.1% Higher Than Last YearAdjusted EBITDA of $96.3 Million, 13.6% Higher Than Last Year AURORA, Ill., May 04, 2022 (GLOBE NEWSWIRE) -- CMC Materials, Inc. (NASDAQ:CCMP), a leading global supplier of consumable materials primarily to semiconductor manufacturers, today reported financial results for its second quarter of fiscal 2022, which ended March 31, 2022. "We are very pleased to report strong results for our s
Scott Beamer Named CFO; Declan McCarthy Appointed President, TricorBraun Europe ST. LOUIS, May 2, 2022 /PRNewswire/ -- Global packaging leader TricorBraun has named Scott Beamer Chief Financial Officer, effective immediately. He succeeds Declan McCarthy, who has been appointed President, TricorBraun Europe. Both report to President and CEO Court Carruthers. "Scott's background and accomplishments with growing, global organizations make him an ideal fit for TricorBraun," said Carruthers. "Our entire team is thrilled to welcome Scott, and we look forward to his contributions as
Aurora, IL, April 14, 2022 (GLOBE NEWSWIRE) -- CMC Materials (NASDAQ:CCMP), a leading global supplier of consumable materials primarily to semiconductor manufacturers, announced the timing of its earnings release for the second quarter of fiscal year 2022, which ended March 31, 2022. The second quarter earnings release will be available in the Investor Relations section of the company's website, cmcmaterials.com after market close on Wednesday, May 4, 2022. In light of the pending transaction with Entegris, Inc., the company has opted not to conduct a conference call to discuss its financial results. ABOUT CMC MATERIALS, INC. CMC Materials, Inc., headquartered in Aurora, Illinois,
Aurora, IL, March 09, 2022 (GLOBE NEWSWIRE) -- CMC Materials, Inc. (NASDAQ:CCMP) today announced that its Board of Directors has declared a quarterly cash dividend of $0.46 per share on the company's common stock. The dividend will be payable on or about April 22, 2022 to shareholders of record at the close of business on March 23, 2022. ABOUT CMC MATERIALS, INC. CMC Materials, Inc., headquartered in Aurora, Illinois, is a leading global supplier of consumable materials primarily to semiconductor manufacturers. The company's products play a critical role in the production of advanced semiconductor devices, helping to enable the manufacture of smaller, faster and more complex devices by
CICERO, Ill., March 27, 2023 (GLOBE NEWSWIRE) -- Broadwind, Inc. (NASDAQ:BWEN, or the "Company"))), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced the appointment of Ms. Jeanette A. Press to its Board of Directors (the "Board"), effective March 22, 2023. With the appointment of Ms. Press, the Board returned its size to seven members, six of whom are independent. Ms. Press will serve as a member of the Board effective immediately, and the Board has determined to nominate Ms. Press for re-election as a director at the 2023 annual meeting of stockholders (the "2023 Annual Meeting"). She will also serve as a member of both
Scott Beamer Named CFO; Declan McCarthy Appointed President, TricorBraun Europe ST. LOUIS, May 2, 2022 /PRNewswire/ -- Global packaging leader TricorBraun has named Scott Beamer Chief Financial Officer, effective immediately. He succeeds Declan McCarthy, who has been appointed President, TricorBraun Europe. Both report to President and CEO Court Carruthers. "Scott's background and accomplishments with growing, global organizations make him an ideal fit for TricorBraun," said Carruthers. "Our entire team is thrilled to welcome Scott, and we look forward to his contributions as
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