Cabot Microelectronics Corporation (NASDAQ:CCMP) VP Daniel D. Woodland sold 8,567 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $93.40, for a total transaction of $800,157.80. Following the completion of the sale, the vice president now owns 15,404 shares in the company, valued at $1,438,733.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Cabot Microelectronics Corporation (NASDAQ:CCMP) opened at $92.89 on Thursday. Cabot Microelectronics Corporation has a twelve month low of $60.39 and a twelve month high of $102.92. 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 $2,347.29, a price-to-earnings ratio of 26.00 and a beta of 1.42.
Cabot Microelectronics (NASDAQ:CCMP) last issued its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.20. Cabot Microelectronics had a net margin of 17.10% and a return on equity of 16.27%. The business had revenue of $136.80 million for the quarter, compared to analyst estimates of $132.18 million. During the same period last year, the business posted $0.91 earnings per share. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. analysts predict that Cabot Microelectronics Corporation will post 4.02 EPS for the current year.
A number of hedge funds have recently modified their holdings of CCMP. Riverhead Capital Management LLC increased its stake in Cabot Microelectronics 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 buying an additional 799 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in Cabot Microelectronics 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 buying an additional 1,048 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in Cabot Microelectronics 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 buying an additional 324 shares during the last quarter. Advisor Group Inc. increased its stake in Cabot Microelectronics 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 buying an additional 100 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in Cabot Microelectronics 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 buying an additional 415 shares during the last quarter. Hedge funds and other institutional investors own 93.12% of the company’s stock.
Several research firms have weighed in on CCMP. Zacks Investment Research lowered shares of Cabot Microelectronics from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Loop Capital initiated coverage on shares of Cabot Microelectronics in a report on Thursday, September 28th. They set a “buy” rating and a $94.00 price objective on the stock. Needham & Company LLC restated a “buy” rating and set a $85.00 price objective on shares of Cabot Microelectronics in a report on Tuesday, September 19th. Seaport Global Securities initiated coverage on shares of Cabot Microelectronics in a report on Wednesday, September 6th. They set a “buy” rating on the stock. Finally, Citigroup raised their price objective on shares of Cabot Microelectronics from $80.00 to $94.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $99.75.
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About Cabot Microelectronics
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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