Somewhat Favorable News Coverage Somewhat Unlikely to Affect Cabot Microelectronics Corporation (CCMP) Share Price
Press coverage about Cabot Microelectronics Corporation (NASDAQ:CCMP) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cabot Microelectronics Corporation earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 46.5230718461409 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Cabot Microelectronics Corporation (NASDAQ:CCMP) traded up 1.49% during trading on Friday, reaching $75.53. 104,000 shares of the company’s stock traded hands. The company has a 50-day moving average price of $71.30 and a 200 day moving average price of $74.17. The firm has a market capitalization of $1.91 billion, a PE ratio of 23.56 and a beta of 1.46. Cabot Microelectronics Corporation has a one year low of $50.33 and a one year high of $81.85.
Cabot Microelectronics Corporation (NASDAQ:CCMP) last announced its earnings results on Thursday, July 27th. The semiconductor company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.03). Cabot Microelectronics Corporation had a return on equity of 16.08% and a net margin of 16.41%. The business had revenue of $128.00 million for the quarter, compared to analyst estimates of $122.17 million. During the same period last year, the firm earned $0.79 EPS. The company’s revenue for the quarter was up 18.4% compared to the same quarter last year. On average, analysts anticipate that Cabot Microelectronics Corporation will post $3.36 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Shareholders of record on Monday, September 25th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, September 22nd. This represents a $0.80 annualized dividend and a yield of 1.06%. Cabot Microelectronics Corporation’s dividend payout ratio (DPR) is presently 25.08%.
Several equities analysts have commented on CCMP shares. Zacks Investment Research lowered shares of Cabot Microelectronics Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. BidaskClub lowered shares of Cabot Microelectronics Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. Needham & Company LLC upgraded shares of Cabot Microelectronics Corporation from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Tuesday, June 27th. Finally, Seaport Global Securities started coverage on shares of Cabot Microelectronics Corporation in a research report on Wednesday, September 6th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $80.00.
In other news, VP Daniel D. Woodland sold 432 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $74.90, for a total transaction of $32,356.80. Following the transaction, the vice president now owns 17,588 shares of the company’s stock, valued at approximately $1,317,341.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider William S. Johnson sold 11,806 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $73.77, for a total transaction of $870,928.62. Following the transaction, the insider now directly owns 94,911 shares in the company, valued at approximately $7,001,584.47. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,740 shares of company stock worth $1,799,554. Corporate insiders own 5.50% of the company’s stock.
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.
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