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Cabot Microelectronics (NASDAQ:CCMP) VP Yumiko Damashek sold 2,000 shares of Cabot Microelectronics stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $45.12, for a total value of $90,240.00. Following the completion of the transaction, the vice president now directly owns 21,842 shares of the company’s stock, valued at approximately $985,511. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

A number of research firms have recently commented on CCMP. Analysts at Davidson raised their price target on shares of Cabot Microelectronics from $50.00 to $54.00 in a research note on Friday, April 25th. Separately, analysts at DA Davidson reiterated a “buy” rating on shares of Cabot Microelectronics in a research note on Friday, April 25th. They now have a $54.00 price target on the stock. Finally, analysts at Zacks upgraded shares of Cabot Microelectronics from an “underperform” rating to a “neutral” rating in a research note on Tuesday, March 25th. They now have a $46.40 price target on the stock. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $50.07.

Cabot Microelectronics (NASDAQ:CCMP) traded up 3.02% on Monday, hitting $45.99. The stock had a trading volume of 36,109 shares. Cabot Microelectronics has a 52 week low of $32.53 and a 52 week high of $47.99. The stock has a 50-day moving average of $42.7 and a 200-day moving average of $43.55. The company has a market cap of $1.103 billion and a P/E ratio of 20.48.

Cabot Microelectronics (NASDAQ:CCMP) last announced its earnings results on Thursday, April 24th. The company reported $0.46 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.38 by $0.08. The company had revenue of $99.50 million for the quarter, compared to the consensus estimate of $98.10 million. During the same quarter last year, the company posted $0.40 earnings per share. Cabot Microelectronics’s revenue was down .9% compared to the same quarter last year. On average, analysts predict that Cabot Microelectronics will post $2.24 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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