Cabot Microelectronics Co. (NASDAQ:CCMP) announced a quarterly dividend on Monday, December 11th, RTT News reports. Investors of record on Friday, December 22nd will be paid a dividend of 0.20 per share by the semiconductor company on Tuesday, January 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Thursday, December 21st.

Shares of Cabot Microelectronics (NASDAQ CCMP) opened at $93.76 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.04 and a quick ratio of 5.25. Cabot Microelectronics has a 12-month low of $61.44 and a 12-month high of $102.92. The stock has a market capitalization of $2,304.94, a price-to-earnings ratio of 25.53 and a beta of 1.42.

Cabot Microelectronics (NASDAQ:CCMP) last issued its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $1.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.20. Cabot Microelectronics had a return on equity of 16.27% and a net margin of 17.10%. The company had revenue of $136.80 million for the quarter, compared to the consensus estimate of $132.18 million. During the same quarter last year, the business posted $0.91 earnings per share. The firm’s revenue was up 11.5% compared to the same quarter last year. analysts expect that Cabot Microelectronics will post 4.14 EPS for the current fiscal year.

A number of equities research analysts recently issued reports on the company. BidaskClub downgraded Cabot Microelectronics from a “buy” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research raised Cabot Microelectronics from a “hold” rating to a “strong-buy” rating and set a $112.00 target price on the stock in a research note on Tuesday, November 7th. Loop Capital increased their target price on Cabot Microelectronics from $94.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Citigroup increased their target price on Cabot Microelectronics from $80.00 to $94.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $85.00 target price on shares of Cabot Microelectronics in a research note on Tuesday, September 19th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Cabot Microelectronics presently has an average rating of “Buy” and an average target price of $99.75.

In other news, insider Thomas S. Roman sold 2,350 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $99.20, for a total transaction of $233,120.00. Following the transaction, the insider now directly owns 10,753 shares of the company’s stock, valued at $1,066,697.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Lisa A. Polezoes sold 5,745 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $102.08, for a total value of $586,449.60. Following the transaction, the vice president now directly owns 9,694 shares in the company, valued at $989,563.52. The disclosure for this sale can be found here. In the last three months, insiders sold 73,699 shares of company stock worth $7,111,751. 5.50% of the stock is owned by insiders.

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Cabot Microelectronics Company Profile

Cabot Microelectronics Corporation supplies polishing slurries and pads used in the manufacture of integrated circuit (IC) devices within the semiconductor industry, in a process called chemical mechanical planarization (CMP). The Company is engaged in the development, manufacture and sale of CMP consumables.

Dividend History for Cabot Microelectronics (NASDAQ:CCMP)

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