Cabot Microelectronics Corporation (NASDAQ:CCMP) VP Yumiko Damashek sold 1,550 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $96.42, for a total value of $149,451.00. Following the completion of the sale, the vice president now directly owns 30,120 shares in the company, valued at $2,904,170.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Yumiko Damashek also recently made the following trade(s):

  • On Monday, October 30th, Yumiko Damashek sold 2,925 shares of Cabot Microelectronics Corporation stock. The stock was sold at an average price of $95.13, for a total value of $278,255.25.

Cabot Microelectronics Corporation (NASDAQ:CCMP) traded up $1.72 during midday trading on Friday, hitting $97.43. The stock had a trading volume of 155,720 shares, compared to its average volume of 119,259. The stock has a market capitalization of $2.45 billion, a PE ratio of 27.22 and a beta of 1.43.

Cabot Microelectronics Corporation (NASDAQ:CCMP) last released its earnings results on Thursday, October 26th. The semiconductor company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.20. Cabot Microelectronics Corporation had a return on equity of 16.27% and a net margin of 17.10%. The firm had revenue of $136.80 million for the quarter, compared to analysts’ expectations of $132.18 million. During the same period in the prior year, the firm posted $0.91 earnings per share. The company’s quarterly revenue was up 11.5% on a year-over-year basis. equities research analysts forecast that Cabot Microelectronics Corporation will post 4.02 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 30th. Stockholders of record on Monday, September 25th were paid a $0.20 dividend. The ex-dividend date was Friday, September 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.82%. Cabot Microelectronics Corporation’s dividend payout ratio is currently 23.60%.

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Several brokerages recently weighed in on CCMP. Loop Capital upped their price target on Cabot Microelectronics Corporation from $94.00 to $108.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Citigroup Inc. upped their price target on Cabot Microelectronics Corporation from $80.00 to $94.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. Zacks Investment Research raised Cabot Microelectronics Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. BidaskClub raised Cabot Microelectronics Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $85.00 price target on shares of Cabot Microelectronics Corporation in a research note on Tuesday, September 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Cabot Microelectronics Corporation presently has an average rating of “Hold” and a consensus target price of $95.67.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CCMP. BlackRock Inc. grew its stake in shares of Cabot Microelectronics Corporation by 54,661.0% in the first quarter. BlackRock Inc. now owns 2,953,259 shares of the semiconductor company’s stock worth $226,250,000 after acquiring an additional 2,947,866 shares during the last quarter. Neuberger Berman Group LLC purchased a new stake in shares of Cabot Microelectronics Corporation in the second quarter worth $36,933,000. Vanguard Group Inc. grew its stake in shares of Cabot Microelectronics Corporation by 7.3% in the second 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 last quarter. Renaissance Technologies LLC grew its stake in shares of Cabot Microelectronics Corporation by 33.9% in the second quarter. Renaissance Technologies LLC now owns 573,109 shares of the semiconductor company’s stock worth $42,313,000 after acquiring an additional 145,109 shares during the last quarter. Finally, Schroder Investment Management Group purchased a new stake in shares of Cabot Microelectronics Corporation in the second quarter worth $9,264,000. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

About Cabot Microelectronics Corporation

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 Corporation (NASDAQ:CCMP)

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