Cabot Microelectronics Co. (NASDAQ:CCMP) Director Richard Hill sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $113.21, for a total value of $113,210.00. Following the completion of the sale, the director now directly owns 9,011 shares of the company’s stock, valued at approximately $1,020,135.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Richard Hill also recently made the following trade(s):
- On Friday, March 9th, Richard Hill sold 4,811 shares of Cabot Microelectronics stock. The stock was sold at an average price of $111.69, for a total value of $537,340.59.
Shares of Cabot Microelectronics Co. (NASDAQ CCMP) opened at $113.22 on Friday. The firm has a market capitalization of $2,894.08, a P/E ratio of 47.37 and a beta of 1.41. Cabot Microelectronics Co. has a 52 week low of $68.00 and a 52 week high of $115.10. The company has a debt-to-equity ratio of 0.21, a quick ratio of 5.71 and a current ratio of 6.53.
Cabot Microelectronics (NASDAQ:CCMP) last released its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.17. The firm had revenue of $140.00 million during the quarter, compared to analyst estimates of $137.90 million. Cabot Microelectronics had a return on equity of 16.99% and a net margin of 11.74%. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 earnings per share. sell-side analysts forecast that Cabot Microelectronics Co. will post 4.71 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, March 23rd will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Thursday, March 22nd. This is a positive change from Cabot Microelectronics’s previous quarterly dividend of $0.20. Cabot Microelectronics’s dividend payout ratio is 33.47%.
A number of hedge funds have recently made changes to their positions in CCMP. LS Investment Advisors LLC lifted its stake in Cabot Microelectronics by 93.4% in the fourth quarter. LS Investment Advisors LLC now owns 1,663 shares of the semiconductor company’s stock worth $156,000 after acquiring an additional 803 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in Cabot Microelectronics by 87.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 2,246 shares of the semiconductor company’s stock worth $157,000 after acquiring an additional 1,048 shares during the period. Schroder Investment Management Group purchased a new stake in Cabot Microelectronics in the fourth quarter worth $198,000. Shelton Capital Management purchased a new stake in Cabot Microelectronics in the fourth quarter worth $214,000. Finally, Quadrature Capital Ltd purchased a new stake in Cabot Microelectronics in the fourth quarter worth $236,000. 95.12% of the stock is owned by institutional investors.
Several brokerages have issued reports on CCMP. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 target price (up previously from $110.00) on shares of Cabot Microelectronics in a research note on Friday, January 26th. Zacks Investment Research raised Cabot Microelectronics from a “hold” rating to a “buy” rating and set a $114.00 price objective for the company in a research note on Thursday, February 1st. Seaport Global Securities reissued a “buy” rating and set a $112.00 price objective on shares of Cabot Microelectronics in a research note on Monday, January 29th. BidaskClub raised Cabot Microelectronics from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 23rd. Finally, Loop Capital increased their price objective on Cabot Microelectronics from $108.00 to $112.00 and gave the company a “buy” rating in a research note on Friday, January 26th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $110.40.
COPYRIGHT VIOLATION NOTICE: This piece was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece on another site, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this piece can be viewed at https://ledgergazette.com/2018/03/17/cabot-microelectronics-co-ccmp-director-sells-113210-00-in-stock.html.
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.
Receive News & Ratings for Cabot Microelectronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cabot Microelectronics and related companies with MarketBeat.com's FREE daily email newsletter.