Cabot Microelectronics Co. (NASDAQ:CCMP) VP Daniel D. Woodland sold 3,137 shares of Cabot Microelectronics stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $114.11, for a total transaction of $357,963.07. Following the completion of the transaction, the vice president now directly owns 15,422 shares in the company, valued at approximately $1,759,804.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
CCMP stock opened at $118.26 on Friday. The firm has a 50 day moving average of $114.41 and a 200 day moving average of $111.62. The stock has a market capitalization of $3.47 billion, a PE ratio of 18.35 and a beta of 1.39. The company has a quick ratio of 2.12, a current ratio of 3.06 and a debt-to-equity ratio of 0.91. Cabot Microelectronics Co. has a 52 week low of $82.24 and a 52 week high of $129.94.
Cabot Microelectronics (NASDAQ:CCMP) last released its earnings results on Wednesday, August 7th. The semiconductor company reported $1.59 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.01). The company had revenue of $271.88 million during the quarter, compared to analyst estimates of $266.80 million. Cabot Microelectronics had a return on equity of 21.77% and a net margin of 11.76%. On average, equities research analysts expect that Cabot Microelectronics Co. will post 6.68 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 30th. Investors of record on Tuesday, June 25th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend was Monday, June 24th. Cabot Microelectronics’s dividend payout ratio (DPR) is presently 32.18%.
A number of hedge funds have recently added to or reduced their stakes in CCMP. Bremer Bank National Association acquired a new stake in Cabot Microelectronics in the 1st quarter worth approximately $32,000. Huntington National Bank lifted its stake in Cabot Microelectronics by 81.1% during the 2nd quarter. Huntington National Bank now owns 306 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 137 shares during the period. Quadrant Capital Group LLC lifted its stake in Cabot Microelectronics by 121.2% during the 1st quarter. Quadrant Capital Group LLC now owns 427 shares of the semiconductor company’s stock valued at $44,000 after acquiring an additional 234 shares during the period. NumerixS Investment Technologies Inc acquired a new stake in Cabot Microelectronics during the 2nd quarter valued at approximately $44,000. Finally, Private Capital Group LLC lifted its stake in Cabot Microelectronics by 24.7% during the 1st quarter. Private Capital Group LLC now owns 474 shares of the semiconductor company’s stock valued at $53,000 after acquiring an additional 94 shares during the period. Institutional investors own 98.60% of the company’s stock.
A number of research analysts have recently issued reports on CCMP shares. CL King started coverage on shares of Cabot Microelectronics in a research report on Monday, July 8th. They issued a “buy” rating and a $125.00 price objective on the stock. Goldman Sachs Group started coverage on shares of Cabot Microelectronics in a research report on Monday, July 8th. They issued a “buy” rating and a $148.00 price objective on the stock. Zacks Investment Research downgraded shares of Cabot Microelectronics from a “hold” rating to a “sell” rating in a research report on Wednesday. BidaskClub downgraded shares of Cabot Microelectronics from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Finally, Seaport Global Securities reaffirmed a “buy” rating on shares of Cabot Microelectronics in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $129.20.
About Cabot Microelectronics
Cabot Microelectronics Corp. engages in the development, manufacture, and sale of chemical mechanical planarization consumables products. 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.
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