Cabot Microelectronics Corporation (NASDAQ:CCMP) insider William S. Johnson sold 17,594 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $96.38, for a total value of $1,695,709.72. Following the completion of the sale, the insider now owns 100,699 shares of the company’s stock, valued at approximately $9,705,369.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Cabot Microelectronics Corporation (NASDAQ:CCMP) last issued its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $1.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.20. Cabot Microelectronics Corporation had a return on equity of 16.27% and a net margin of 17.10%. The firm had revenue of $136.80 million during the quarter, compared to analyst estimates of $132.18 million. During the same period last year, the company earned $0.91 EPS. Cabot Microelectronics Corporation’s quarterly revenue was up 11.5% compared to the same quarter last year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 30th. Investors of record on Monday, September 25th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date was Friday, September 22nd. Cabot Microelectronics Corporation’s dividend payout ratio is currently 23.60%.

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CCMP has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Cabot Microelectronics Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. Seaport Global Securities initiated coverage on Cabot Microelectronics Corporation in a report on Wednesday, September 6th. They set a “buy” rating for the company. BidaskClub upgraded Cabot Microelectronics Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Needham & Company LLC restated a “buy” rating and set a $85.00 target price on shares of Cabot Microelectronics Corporation in a report on Tuesday, September 19th. Finally, Loop Capital initiated coverage on Cabot Microelectronics Corporation in a report on Thursday, September 28th. They set a “buy” rating and a $94.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $95.67.

A number of hedge funds and other institutional investors have recently modified their holdings of CCMP. UBS Asset Management Americas Inc. raised its position in Cabot Microelectronics Corporation by 159.5% during the 1st quarter. UBS Asset Management Americas Inc. now owns 11,390 shares of the semiconductor company’s stock valued at $873,000 after purchasing an additional 7,000 shares in the last quarter. OppenheimerFunds Inc. raised its position in Cabot Microelectronics Corporation by 167.7% during the 1st quarter. OppenheimerFunds Inc. now owns 11,679 shares of the semiconductor company’s stock valued at $895,000 after purchasing an additional 7,316 shares in the last quarter. Teachers Advisors LLC raised its position in Cabot Microelectronics Corporation by 12.9% during the 1st quarter. Teachers Advisors LLC now owns 229,781 shares of the semiconductor company’s stock valued at $17,604,000 after purchasing an additional 26,179 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in Cabot Microelectronics Corporation by 58.7% during the 1st quarter. TIAA CREF Investment Management LLC now owns 105,312 shares of the semiconductor company’s stock valued at $8,068,000 after purchasing an additional 38,959 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Cabot Microelectronics Corporation by 15.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,587 shares of the semiconductor company’s stock valued at $276,000 after purchasing an additional 486 shares in the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

Cabot Microelectronics Corporation Company Profile

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.

Insider Buying and Selling by Quarter for Cabot Microelectronics Corporation (NASDAQ:CCMP)

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