Cabot Microelectronics (CCMP) Given News Impact Rating of 0.13
News coverage about Cabot Microelectronics (NASDAQ:CCMP) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cabot Microelectronics earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave press coverage about the semiconductor company an impact score of 43.8202051055792 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
CCMP has been the subject of several recent research reports. BidaskClub downgraded Cabot Microelectronics from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Zacks Investment Research downgraded Cabot Microelectronics from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Seaport Global Securities initiated coverage on Cabot Microelectronics in a report on Wednesday, September 6th. They set a “buy” rating for the company. Needham & Company LLC reiterated a “buy” rating and set a $85.00 price target on shares of Cabot Microelectronics in a report on Tuesday, September 19th. Finally, Loop Capital initiated coverage on Cabot Microelectronics in a report on Thursday, September 28th. They set a “buy” rating and a $94.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Cabot Microelectronics currently has an average rating of “Buy” and an average price target of $99.75.
Shares of Cabot Microelectronics (NASDAQ CCMP) traded down $1.04 during trading on Friday, reaching $92.18. The company had a trading volume of 152,814 shares, compared to its average volume of 181,113. Cabot Microelectronics has a 1-year low of $60.55 and a 1-year high of $102.92. The company has a market capitalization of $2,363.77, a P/E ratio of 26.18 and a beta of 1.42. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.04 and a quick ratio of 5.25.
Cabot Microelectronics (NASDAQ:CCMP) last posted its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $1.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.20. Cabot Microelectronics 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 previous year, the firm earned $0.91 earnings per share. The business’s revenue was up 11.5% on a year-over-year basis. sell-side analysts anticipate that Cabot Microelectronics will post 4.02 EPS for the current fiscal year.
In other Cabot Microelectronics news, Director Richard Hill sold 15,638 shares of the business’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $94.58, for a total value of $1,479,042.04. Following the transaction, the director now owns 15,104 shares of the company’s stock, valued at $1,428,536.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 value of $278,255.25. Following the completion of the transaction, the vice president now directly owns 31,670 shares in the company, valued at approximately $3,012,767.10. The disclosure for this sale can be found here. In the last three months, insiders sold 72,794 shares of company stock worth $7,028,546. Insiders own 5.50% of the company’s stock.
Cabot Microelectronics 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.
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