Cabot Microelectronics Co. (NASDAQ:CCMP) VP Bernstein H. Carol Eckstein sold 905 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $91.94, for a total transaction of $83,205.70. Following the completion of the transaction, the vice president now directly owns 54,150 shares of the company’s stock, valued at $4,978,551. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Cabot Microelectronics Co. (NASDAQ CCMP) traded up $2.86 on Friday, hitting $93.76. 281,679 shares of the stock were exchanged, compared to its average volume of 179,887. The company has a debt-to-equity ratio of 0.22, a quick ratio of 5.25 and a current ratio of 6.04. Cabot Microelectronics Co. has a fifty-two week low of $61.44 and a fifty-two week high of $102.92. The stock has a market cap of $2,304.94, a PE 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 for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.20. Cabot Microelectronics had a net margin of 17.10% and a return on equity of 16.27%. The business had revenue of $136.80 million during the quarter, compared to analysts’ expectations of $132.18 million. During the same period last year, the company posted $0.91 EPS. The company’s revenue was up 11.5% on a year-over-year basis. equities analysts expect that Cabot Microelectronics Co. will post 4.14 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 30th. Stockholders of record on Friday, December 22nd will be paid a dividend of $0.20 per share. The ex-dividend date is Thursday, December 21st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.85%. Cabot Microelectronics’s dividend payout ratio (DPR) is 23.60%.

A number of brokerages have issued reports on CCMP. BidaskClub cut shares of Cabot Microelectronics from a “buy” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research cut shares of Cabot Microelectronics from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Loop Capital initiated coverage on shares of Cabot Microelectronics in a research note on Thursday, September 28th. They set a “buy” rating and a $94.00 price objective for the company. Needham & Company LLC reissued a “buy” rating and set a $85.00 price objective on shares of Cabot Microelectronics in a research note on Tuesday, September 19th. Finally, Seaport Global Securities initiated coverage on shares of Cabot Microelectronics in a research note on Wednesday, September 6th. They set a “buy” rating for the company. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $99.75.

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. grew its stake in Cabot Microelectronics by 6.5% in the 2nd quarter. BlackRock Inc. now owns 3,146,531 shares of the semiconductor company’s stock worth $232,307,000 after acquiring an additional 193,272 shares during the period. Vanguard Group Inc. grew its stake in Cabot Microelectronics by 7.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,355,224 shares of the semiconductor company’s stock worth $173,886,000 after acquiring an additional 160,668 shares during the period. JPMorgan Chase & Co. grew its stake in Cabot Microelectronics by 1.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,882,237 shares of the semiconductor company’s stock worth $147,623,000 after acquiring an additional 24,159 shares during the period. Earnest Partners LLC grew its stake in Cabot Microelectronics by 1.4% in the 3rd quarter. Earnest Partners LLC now owns 1,288,634 shares of the semiconductor company’s stock worth $103,001,000 after acquiring an additional 18,153 shares during the period. Finally, Neuberger Berman Group LLC grew its stake in Cabot Microelectronics by 97.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 986,513 shares of the semiconductor company’s stock worth $78,852,000 after acquiring an additional 486,275 shares during the period. 93.12% of the stock is owned by institutional investors and hedge funds.

WARNING: “Cabot Microelectronics Co. (CCMP) VP Bernstein H. Carol Eckstein Sells 905 Shares of Stock” was posted by Watch List News and is the property of of Watch List News. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright laws. The correct version of this article can be read at https://www.watchlistnews.com/cabot-microelectronics-co-ccmp-vp-bernstein-h-carol-eckstein-sells-905-shares-of-stock/1768502.html.

About Cabot Microelectronics

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.

Insider Buying and Selling by Quarter for Cabot Microelectronics (NASDAQ:CCMP)

Receive News & Ratings for Cabot Microelectronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cabot Microelectronics and related companies with Analyst Ratings Network's FREE daily email newsletter.