Cabot Microelectronics Corporation (NASDAQ:CCMP) VP Yumiko Damashek sold 817 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $97.58, for a total value of $79,722.86. Following the sale, the vice president now owns 30,120 shares in the company, valued at approximately $2,939,109.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

  • On Tuesday, November 14th, Yumiko Damashek sold 7,183 shares of Cabot Microelectronics Corporation stock. The stock was sold at an average price of $97.45, for a total value of $699,983.35.
  • On Thursday, November 2nd, Yumiko Damashek sold 1,550 shares of Cabot Microelectronics Corporation stock. The stock was sold at an average price of $96.42, for a total value of $149,451.00.
  • 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 down $1.49 on Thursday, reaching $95.74. The company had a trading volume of 228,700 shares, compared to its average volume of 179,819. Cabot Microelectronics Corporation has a twelve month low of $56.42 and a twelve month high of $98.94. The company has a current ratio of 6.04, a quick ratio of 5.25 and a debt-to-equity ratio of 0.22. The company has a market cap of $2,460.51, a PE ratio of 27.31 and a beta of 1.43.

Cabot Microelectronics Corporation (NASDAQ:CCMP) last posted its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $1.07 earnings per share for the quarter, beating 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 business had revenue of $136.80 million for the quarter, compared to analysts’ expectations of $132.18 million. During the same quarter in the prior year, the business earned $0.91 EPS. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. analysts predict that Cabot Microelectronics Corporation will post 4.02 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 30th. Investors of record on Monday, September 25th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date was Friday, September 22nd. Cabot Microelectronics Corporation’s dividend payout ratio (DPR) is presently 23.60%.

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A number of institutional investors and hedge funds have recently bought and sold shares of CCMP. Riverhead Capital Management LLC raised its stake in Cabot Microelectronics Corporation by 88.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,699 shares of the semiconductor company’s stock valued at $125,000 after acquiring an additional 799 shares during the period. DekaBank Deutsche Girozentrale raised its stake in Cabot Microelectronics Corporation by 87.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,246 shares of the semiconductor company’s stock valued at $157,000 after acquiring an additional 1,048 shares during the period. Ameritas Investment Partners Inc. raised its stake in Cabot Microelectronics Corporation by 17.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,232 shares of the semiconductor company’s stock valued at $164,000 after acquiring an additional 324 shares during the period. Advisor Group Inc. raised its stake in Cabot Microelectronics Corporation by 4.5% in the 2nd quarter. Advisor Group Inc. now owns 2,329 shares of the semiconductor company’s stock valued at $172,000 after acquiring an additional 100 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Cabot Microelectronics Corporation by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 2,764 shares of the semiconductor company’s stock valued at $204,000 after acquiring an additional 415 shares during the period. Institutional investors and hedge funds own 89.15% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research cut Cabot Microelectronics Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Loop Capital assumed coverage on Cabot Microelectronics Corporation in a research note on Thursday, September 28th. They set a “buy” rating and a $94.00 price objective on the stock. Needham & Company LLC reiterated a “buy” rating and set a $85.00 price objective on shares of Cabot Microelectronics Corporation in a research note on Tuesday, September 19th. Seaport Global Securities assumed coverage on Cabot Microelectronics Corporation in a research note on Wednesday, September 6th. They set a “buy” rating on the stock. Finally, Citigroup Inc. upped their price objective 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. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $99.75.

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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