Cabot Microelectronics Corp. (NASDAQ:CCMP) shares rose 5.2% during trading on Friday . The stock traded as high as $45.00 and last traded at $45.00, with a volume of 58,571 shares traded. The stock had previously closed at $42.76.

CCMP has been the subject of several research reports. Zacks Investment Research lowered shares of Cabot Microelectronics Corp. from a “hold” rating to a “sell” rating in a report on Monday, May 16th. TheStreet raised shares of Cabot Microelectronics Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, April 7th.

The firm’s 50-day moving average price is $42.53 and its 200-day moving average price is $41.02. The firm has a market capitalization of $1.09 billion and a PE ratio of 26.19.

Cabot Microelectronics Corp. (NASDAQ:CCMP) last announced its quarterly earnings results on Thursday, April 28th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.07. The business earned $99.20 million during the quarter, compared to the consensus estimate of $102.30 million. During the same period in the previous year, the firm earned $0.55 earnings per share. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. On average, equities research analysts predict that Cabot Microelectronics Corp. will post $2.12 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Thursday, June 23rd will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Tuesday, June 21st.

In other Cabot Microelectronics Corp. news, VP Lisa A. Polezoes sold 2,834 shares of the business’s stock in a transaction that occurred on Tuesday, June 14th. The stock was sold at an average price of $43.27, for a total value of $122,627.18. Following the completion of the transaction, the vice president now directly owns 16,292 shares of the company’s stock, valued at $704,954.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

A number of hedge funds and institutional investors recently made changes to their positions in CCMP. Nationwide Fund Advisors increased its position in shares of Cabot Microelectronics Corp. by 52.6% in the fourth quarter. Nationwide Fund Advisors now owns 27,676 shares of the company’s stock valued at $1,212,000 after buying an additional 9,539 shares during the last quarter. Eagle Asset Management Inc. increased its position in shares of Cabot Microelectronics Corp. by 21.0% in the fourth quarter. Eagle Asset Management Inc. now owns 199,108 shares of the company’s stock valued at $8,716,000 after buying an additional 34,614 shares during the last quarter. Rhumbline Advisers increased its position in shares of Cabot Microelectronics Corp. by 8.8% in the fourth quarter. Rhumbline Advisers now owns 32,866 shares of the company’s stock valued at $1,439,000 after buying an additional 2,650 shares during the last quarter. Oxford Asset Management acquired a new position in shares of Cabot Microelectronics Corp. during the fourth quarter valued at $2,757,000. Finally, SECOR Capital Advisors LP acquired a new position in shares of Cabot Microelectronics Corp. during the fourth quarter valued at $1,580,000.

Cabot Microelectronics Corporation is a supplier of polishing slurries and a growing polishing pad supplier used in the manufacture of advanced integrated circuit (IC) devices within the semiconductor industry, in a process called chemical mechanical planarization (CMP). The Company is into the development, manufacture and sale of CMP consumables products.

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