Cabot Microelectronics Corp. Sets New 1-Year High at $44.59 (CCMP)
Cabot Microelectronics Corp. (NASDAQ:CCMP) set a new 52-week high during mid-day trading on Tuesday, AnalystRatings.Net reports. The stock traded as high as $44.59 and last traded at $42.93, with a volume of 348,782 shares. The stock had previously closed at $39.12.
CCMP has been the subject of a number of recent research reports. Analysts at Sidoti downgraded shares of Cabot Microelectronics Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Monday, October 21st. Analysts at Topeka Capital Markets upgraded shares of Cabot Microelectronics Corp. 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. has a 52 week low of $28.35 and a 52 week high of $38.45. The stock has a 50-day moving average of $36.9 and a 200-day moving average of $35.16. The company has a market cap of $975.4 million and a price-to-earnings ratio of 19.84.
Cabot Microelectronics Corp. (NASDAQ:CCMP) last announced its earnings results on Tuesday, October 29th. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.60 by $0.10. The company had revenue of $116.30 million for the quarter, compared to the consensus estimate of $112.20 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. Analysts expect that Cabot Microelectronics Corp. will post $2.11 EPS 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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