Cabot Microelectronics Corp. Insider Unloads $115,047 in Stock (CCMP)
Cabot Microelectronics Corp. (NASDAQ:CCMP) Insider Thomas Roman sold 3,046 shares of Cabot Microelectronics Corp. stock on the open market in a transaction dated Thursday, September 12th. The shares were sold at an average price of $37.77, for a total transaction of $115,047.42. Following the sale, the insider now directly owns 12,397 shares in the company. The transaction was disclosed in a filing with the SEC, which is available at this link.
Separately, analysts at Topeka Capital Markets upgraded shares of Cabot Microelectronics Corp. (NASDAQ:CCMP) from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, August 14th. They now have a $44.00 price target on the stock, up previously from $38.50.
Cabot Microelectronics Corp. (NASDAQ:CCMP) traded up 0.16% during mid-day trading on Friday, hitting $38.02. 92,708 shares of the company’s stock traded hands. Cabot Microelectronics Corp. has a one year low of $28.35 and a one year high of $38.45. The stock has a 50-day moving average of $36.88 and a 200-day moving average of $35.13. The company has a market cap of $872.6 million and a P/E ratio of 19.25.
Cabot Microelectronics Corp. (NASDAQ:CCMP) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.65 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.58 by $0.07. The company had revenue of $110.00 million for the quarter, compared to the consensus estimate of $115.93 million. During the same quarter last year, the company posted $0.55 earnings per share. Cabot Microelectronics Corp.’s revenue was down 4.9% compared to the same quarter last year. On average, analysts predict that Cabot Microelectronics Corp. will post $2.11 earnings per share for the current fiscal year.
Cabot Microelectronics Corporation (NASDAQ:CCMP) is the supplier of polishing slurries and a CMP pad supplier used in the manufacture of advanced integrated circuit (IC) devices within the semiconductor industry, in a process called chemical mechanical planarization (CMP).
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