Shares of Cabot Microelectronics Corporation (NASDAQ:CCMP) have been given a consensus rating of “Buy” by the seven brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $99.75.

CCMP has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Cabot Microelectronics Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. Seaport Global Securities initiated coverage on shares of Cabot Microelectronics Corporation in a report on Wednesday, September 6th. They issued a “buy” rating on the stock. Loop Capital lifted their price target on shares of Cabot Microelectronics Corporation from $94.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Citigroup Inc. lifted their price target on shares of Cabot Microelectronics Corporation from $80.00 to $94.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. Finally, BidaskClub cut shares of Cabot Microelectronics Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st.

Cabot Microelectronics Corporation (NASDAQ:CCMP) opened at $98.42 on Monday. The stock has a market capitalization of $2,495.63, a PE ratio of 27.65 and a beta of 1.43. 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 Corporation has a 12 month low of $57.97 and a 12 month high of $99.81.

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

The company also recently declared a quarterly dividend, which was paid on Monday, October 30th. Stockholders of record on Monday, September 25th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, September 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.81%. Cabot Microelectronics Corporation’s dividend payout ratio (DPR) is currently 23.60%.

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In related news, Director Richard Hill sold 15,638 shares of the company’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $94.58, for a total value of $1,479,042.04. Following the completion of the transaction, the director now directly owns 15,104 shares in the company, valued at $1,428,536.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Yumiko Damashek sold 2,925 shares of the business’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $95.13, for a total transaction of $278,255.25. Following the completion of the sale, the vice president now directly owns 31,670 shares of the company’s stock, valued at $3,012,767.10. The disclosure for this sale can be found here. Insiders sold 45,707 shares of company stock valued at $4,382,164 over the last quarter. 5.50% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of the company. Alps Advisors Inc. raised its stake in shares of Cabot Microelectronics Corporation by 0.3% during the second quarter. Alps Advisors Inc. now owns 6,872 shares of the semiconductor company’s stock valued at $507,000 after acquiring an additional 18 shares during the last quarter. BB&T Securities LLC raised its stake in Cabot Microelectronics Corporation by 0.6% in the second quarter. BB&T Securities LLC now owns 8,468 shares of the semiconductor company’s stock worth $625,000 after buying an additional 48 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in Cabot Microelectronics Corporation by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the semiconductor company’s stock worth $760,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System raised its stake in Cabot Microelectronics Corporation by 0.8% in the second quarter. Arizona State Retirement System now owns 13,157 shares of the semiconductor company’s stock worth $971,000 after buying an additional 100 shares in the last quarter. Finally, Advisor Group Inc. raised its stake in Cabot Microelectronics Corporation by 4.5% in the second quarter. Advisor Group Inc. now owns 2,329 shares of the semiconductor company’s stock worth $172,000 after buying an additional 100 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Cabot Microelectronics Corporation Company Profile

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.

Analyst Recommendations for Cabot Microelectronics Corporation (NASDAQ:CCMP)

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