Cabot Microelectronics (NASDAQ:CCMP) Earning Somewhat Favorable Press Coverage, Analysis Shows

News articles about Cabot Microelectronics (NASDAQ:CCMP) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cabot Microelectronics earned a news sentiment score of 0.06 on Accern’s scale. Accern also assigned news headlines about the semiconductor company an impact score of 45.8023268560202 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

CCMP has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Cabot Microelectronics from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 1st. BidaskClub raised Cabot Microelectronics from a “hold” rating to a “buy” rating in a report on Friday, January 5th. Loop Capital increased their price objective on Cabot Microelectronics from $108.00 to $112.00 and gave the company a “buy” rating in a report on Friday, January 26th. Seaport Global Securities reissued a “buy” rating and issued a $112.00 price objective on shares of Cabot Microelectronics in a report on Monday, January 29th. Finally, ValuEngine raised Cabot Microelectronics from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $110.40.

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Shares of CCMP stock traded down $2.10 during trading hours on Friday, hitting $103.86. The stock had a trading volume of 96,526 shares, compared to its average volume of 161,645. The company has a market capitalization of $2,659.75, a P/E ratio of 29.17 and a beta of 1.37. Cabot Microelectronics has a twelve month low of $68.00 and a twelve month high of $115.94. The company has a current ratio of 6.53, a quick ratio of 5.71 and a debt-to-equity ratio of 0.21.

Cabot Microelectronics (NASDAQ:CCMP) last posted its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $1.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.17. Cabot Microelectronics had a return on equity of 16.99% and a net margin of 11.74%. The business had revenue of $140.00 million during the quarter, compared to the consensus estimate of $137.90 million. During the same period in the prior year, the company earned $0.92 earnings per share. The company’s revenue was up 13.5% compared to the same quarter last year. research analysts predict that Cabot Microelectronics will post 4.71 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, March 23rd will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, March 22nd. This is an increase from Cabot Microelectronics’s previous quarterly dividend of $0.20. This represents a $1.60 annualized dividend and a dividend yield of 1.54%. Cabot Microelectronics’s dividend payout ratio (DPR) is currently 44.94%.

In related news, VP Bernstein H. Carol Eckstein sold 19,425 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $101.51, for a total transaction of $1,971,831.75. Following the completion of the sale, the vice president now directly owns 57,487 shares of the company’s stock, valued at $5,835,505.37. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard Hill sold 1,000 shares of the stock in a transaction 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 sale, the director now directly owns 9,011 shares of the company’s stock, valued at $1,020,135.31. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 70,236 shares of company stock valued at $7,247,782. Corporate insiders own 3.30% 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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