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Cabot Microelectronics (NASDAQ:CCMP) VP Adam Weisman sold 3,778 shares of the company’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $42.09, for a total transaction of $159,016.02. Following the transaction, the vice president now directly owns 25,550 shares of the company’s stock, valued at approximately $1,075,400. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

CCMP has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Cabot Microelectronics from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 29th. They now have a $38.80 price target on the stock. Separately, analysts at Sidoti upgraded shares of Cabot Microelectronics from a “neutral” rating to a “buy” rating in a research note on Monday, July 28th. Finally, analysts at Topeka Capital Markets reiterated a “buy” rating on shares of Cabot Microelectronics in a research note on Wednesday, June 11th. They now have a $53.00 price target on the stock, up previously from $50.00. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $50.30.

Shares of Cabot Microelectronics (NASDAQ:CCMP) traded up 0.07% on Thursday, hitting $42.18. 63,597 shares of the company’s stock traded hands. Cabot Microelectronics has a 52-week low of $35.72 and a 52-week high of $47.99. The stock has a 50-day moving average of $42.97 and a 200-day moving average of $43.07. The company has a market cap of $1.002 billion and a price-to-earnings ratio of 21.32. Cabot Microelectronics also was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totalling 958,077 shares, a growth of 30.6% from the July 15th total of 733,435 shares. Based on an average daily volume of 190,189 shares, the short-interest ratio is currently 5.0 days. Approximately 4.1% of the company’s stock are short sold.

Cabot Microelectronics (NASDAQ:CCMP) last announced its earnings results on Thursday, July 24th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by $0.10. The company had revenue of $108.40 million for the quarter, compared to the consensus estimate of $111.78 million. During the same quarter in the previous year, the company posted $0.60 earnings per share. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, analysts predict that Cabot Microelectronics will post $2.08 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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