Cabot Microelectronics Corporation (NASDAQ:CCMP) VP Yumiko Damashek sold 1,550 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $96.42, for a total transaction of $149,451.00. Following the sale, the vice president now owns 30,120 shares of the company’s stock, valued at $2,904,170.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Yumiko Damashek also recently made the following trade(s):

  • On Monday, October 30th, Yumiko Damashek sold 2,925 shares of Cabot Microelectronics Corporation stock. The shares were sold at an average price of $95.13, for a total transaction of $278,255.25.

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

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

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Institutional investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC raised its holdings in shares of Cabot Microelectronics Corporation by 119.8% during the second quarter. Cubist Systematic Strategies LLC now owns 7,171 shares of the semiconductor company’s stock worth $529,000 after purchasing an additional 3,909 shares during the last quarter. Eagle Asset Management Inc. raised its holdings in shares of Cabot Microelectronics Corporation by 254.9% during the second quarter. Eagle Asset Management Inc. now owns 146,483 shares of the semiconductor company’s stock worth $10,814,000 after purchasing an additional 105,214 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Cabot Microelectronics Corporation by 7.6% during the first quarter. Vanguard Group Inc. now owns 2,194,556 shares of the semiconductor company’s stock worth $168,125,000 after purchasing an additional 154,495 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Cabot Microelectronics Corporation by 0.8% during the second quarter. Arizona State Retirement System now owns 13,157 shares of the semiconductor company’s stock worth $971,000 after purchasing an additional 100 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Cabot Microelectronics Corporation by 15.7% during the first quarter. PNC Financial Services Group Inc. now owns 3,587 shares of the semiconductor company’s stock worth $276,000 after purchasing an additional 486 shares during the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Cabot Microelectronics Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. BidaskClub upgraded shares of Cabot Microelectronics Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Loop Capital assumed coverage on shares of Cabot Microelectronics Corporation in a research note on Thursday, September 28th. They set a “buy” rating and a $94.00 target price for the company. Needham & Company LLC reiterated a “buy” rating and set a $85.00 target price on shares of Cabot Microelectronics Corporation in a research note on Tuesday, September 19th. Finally, Seaport Global Securities assumed coverage on shares of Cabot Microelectronics Corporation in a research note on Wednesday, September 6th. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $95.67.

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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