Cabot Microelectronics Corporation (NASDAQ:CCMP) VP Yumiko Damashek sold 817 shares of the 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 transaction, the vice president now owns 30,120 shares in the company, valued at approximately $2,939,109.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Yumiko Damashek also recently made the following trade(s):
- On Tuesday, November 14th, Yumiko Damashek sold 7,183 shares of Cabot Microelectronics 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 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 stock. The shares were sold at an average price of $95.13, for a total value of $278,255.25.
Cabot Microelectronics Corporation (CCMP) traded down $2.43 during midday trading on Monday, hitting $92.42. The company had a trading volume of 360,055 shares, compared to its average volume of 180,449. The firm has a market cap of $2,405.10, a P/E ratio of 26.64 and a beta of 1.42. Cabot Microelectronics Corporation has a 12 month low of $59.42 and a 12 month high of $102.92. 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 (NASDAQ:CCMP) last announced its earnings results on Thursday, October 26th. The semiconductor company reported $1.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.20. The firm had revenue of $136.80 million for the quarter, compared to the consensus estimate of $132.18 million. Cabot Microelectronics had a return on equity of 16.27% and a net margin of 17.10%. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 EPS. equities research analysts anticipate that Cabot Microelectronics Corporation will post 4.02 EPS for the current year.
CCMP has been the topic of several recent research reports. Zacks Investment Research downgraded Cabot Microelectronics from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Citigroup raised their price objective on Cabot Microelectronics from $80.00 to $94.00 and gave the company a “neutral” rating in a report on Friday, October 27th. Loop Capital raised their price objective on Cabot Microelectronics from $94.00 to $108.00 and gave the company a “buy” rating in a report on Friday, October 27th. Seaport Global Securities initiated coverage on Cabot Microelectronics in a report on Wednesday, September 6th. They set a “buy” rating on the stock. Finally, Needham & Company LLC reissued a “buy” rating and set a $85.00 price objective on shares of Cabot Microelectronics in a report on Tuesday, September 19th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $99.75.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in Cabot Microelectronics by 6.5% during the 2nd quarter. BlackRock Inc. now owns 3,146,531 shares of the semiconductor company’s stock worth $232,307,000 after buying an additional 193,272 shares during the period. Vanguard Group Inc. lifted its holdings in Cabot Microelectronics by 7.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,355,224 shares of the semiconductor company’s stock worth $173,886,000 after buying an additional 160,668 shares during the period. JPMorgan Chase & Co. lifted its holdings in Cabot Microelectronics by 1.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,882,237 shares of the semiconductor company’s stock worth $147,623,000 after buying an additional 24,159 shares during the period. Earnest Partners LLC lifted its holdings in Cabot Microelectronics by 1.4% during the 3rd quarter. Earnest Partners LLC now owns 1,288,634 shares of the semiconductor company’s stock worth $103,001,000 after buying an additional 18,153 shares during the period. Finally, Neuberger Berman Group LLC lifted its holdings in Cabot Microelectronics by 97.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 986,513 shares of the semiconductor company’s stock worth $78,852,000 after buying an additional 486,275 shares during the period. 93.12% of the stock is currently owned by hedge funds and other institutional investors.
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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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