Cabot Microelectronics Co. (NASDAQ:CCMP) announced a quarterly dividend on Monday, December 11th, RTT News reports. Investors of record on Friday, December 22nd will be paid a dividend of 0.20 per share by the semiconductor company on Tuesday, January 30th. This represents a $0.80 annualized dividend and a dividend yield of 0.87%.
Shares of Cabot Microelectronics (NASDAQ CCMP) traded up $0.13 during midday trading on Monday, hitting $92.31. 314,667 shares of the company traded hands, compared to its average volume of 180,787. 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 has a 12-month low of $60.55 and a 12-month high of $102.92. The firm has a market capitalization of $2,337.40, a PE ratio of 25.89 and a beta of 1.42.
Cabot Microelectronics (NASDAQ:CCMP) last announced its earnings results on Thursday, October 26th. The semiconductor company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.20. The company had revenue of $136.80 million during the quarter, compared to analysts’ expectations of $132.18 million. Cabot Microelectronics had a net margin of 17.10% and a return on equity of 16.27%. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.91 earnings per share. research analysts forecast that Cabot Microelectronics will post 4.02 earnings per share for the current fiscal year.
A number of equities analysts have issued reports on CCMP shares. Zacks Investment Research upgraded shares of Cabot Microelectronics from a “hold” rating to a “strong-buy” rating and set a $112.00 target price for the company in a research report on Tuesday, November 7th. Loop Capital lifted their target price on shares of Cabot Microelectronics from $94.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Citigroup lifted their target price on shares of Cabot Microelectronics from $80.00 to $94.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Seaport Global Securities started coverage on shares of Cabot Microelectronics in a research report on Wednesday, September 6th. They set a “buy” rating for the company. Finally, Needham & Company LLC restated a “buy” rating and set a $85.00 target price on shares of Cabot Microelectronics in a research report on Tuesday, September 19th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $99.75.
In related news, VP Lisa A. Polezoes sold 5,745 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $102.08, for a total value of $586,449.60. Following the completion of the sale, the vice president now directly owns 9,694 shares in the company, valued at $989,563.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Daniel D. Woodland sold 8,567 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were 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 of the company’s stock, valued at $1,438,733.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 72,794 shares of company stock valued at $7,028,546. 5.50% of the stock is currently owned by company insiders.
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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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