News coverage about Cabot Microelectronics (NASDAQ:CCMP) has been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Cabot Microelectronics earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the semiconductor company an impact score of 45.0470629221973 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
CCMP has been the topic of several recent research reports. BidaskClub lowered Cabot Microelectronics from a “hold” rating to a “sell” rating in a research 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 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. 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 objective on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Cabot Microelectronics has a consensus rating of “Buy” and a consensus price target of $99.75.
Cabot Microelectronics (CCMP) opened at $92.42 on Tuesday. The company has a market capitalization of $2,405.10, a price-to-earnings ratio of 26.64 and a beta of 1.42. 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 has a 52 week low of $59.42 and a 52 week high of $102.92.
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 the Zacks’ consensus estimate of $0.87 by $0.20. The firm had revenue of $136.80 million during 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 firm’s revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.91 EPS. analysts anticipate that Cabot Microelectronics will post 4.02 earnings per share for the current year.
In related news, insider Thomas S. Roman sold 2,350 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $99.20, for a total transaction of $233,120.00. Following the transaction, the insider now directly owns 10,753 shares of the company’s stock, valued at $1,066,697.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Yumiko Damashek sold 817 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $97.58, for a total value of $79,722.86. Following the transaction, the vice president now directly owns 30,120 shares in the company, valued at $2,939,109.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 64,227 shares of company stock valued at $6,228,388. Insiders own 5.50% of the company’s stock.
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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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