Cabot Microelectronics Co. (CCMP) VP Bernstein H. Carol Eckstein Sells 905 Shares of Stock
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.
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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.
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