Cabot Microelectronics Corporation (NASDAQ:CCMP) VP Daniel D. Woodland sold 8,567 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $93.40, for a total transaction of $800,157.80. Following the transaction, the vice president now directly owns 15,404 shares in the company, valued at approximately $1,438,733.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Cabot Microelectronics Corporation (NASDAQ CCMP) traded up $0.15 during mid-day trading on Tuesday, hitting $92.57. 179,463 shares of the stock were exchanged, compared to its average volume of 180,444. Cabot Microelectronics Corporation has a fifty-two week low of $60.13 and a fifty-two week high of $102.92. The company has a debt-to-equity ratio of 0.22, a quick ratio of 5.25 and a current ratio of 6.04. The stock has a market cap of $2,405.10, a P/E ratio of 26.64 and a beta of 1.42.

Cabot Microelectronics (NASDAQ:CCMP) last issued its earnings results on Thursday, October 26th. The semiconductor company reported $1.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.20. Cabot Microelectronics had a net margin of 17.10% and a return on equity of 16.27%. The business had revenue of $136.80 million for the quarter, compared to the consensus estimate of $132.18 million. During the same quarter last year, the firm posted $0.91 EPS. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. equities analysts forecast that Cabot Microelectronics Corporation will post 4.02 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Cabot Microelectronics by 6.5% in the 2nd quarter. BlackRock Inc. now owns 3,146,531 shares of the semiconductor company’s stock valued at $232,307,000 after acquiring an additional 193,272 shares during the period. Vanguard Group Inc. raised its stake in shares of Cabot Microelectronics by 7.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,355,224 shares of the semiconductor company’s stock valued at $173,886,000 after acquiring an additional 160,668 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Cabot Microelectronics by 1.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,882,237 shares of the semiconductor company’s stock valued at $147,623,000 after acquiring an additional 24,159 shares during the period. Earnest Partners LLC raised its stake in shares of Cabot Microelectronics by 1.4% in the 3rd quarter. Earnest Partners LLC now owns 1,288,634 shares of the semiconductor company’s stock valued at $103,001,000 after acquiring an additional 18,153 shares during the period. Finally, Neuberger Berman Group LLC raised its stake in shares of Cabot Microelectronics by 97.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 986,513 shares of the semiconductor company’s stock valued at $78,852,000 after acquiring an additional 486,275 shares during the period. 93.12% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on CCMP shares. BidaskClub downgraded shares of Cabot Microelectronics from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Zacks Investment Research downgraded shares of Cabot Microelectronics from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Seaport Global Securities started coverage on shares of Cabot Microelectronics in a research note on Wednesday, September 6th. They set a “buy” rating on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $85.00 price target on shares of Cabot Microelectronics in a research note on Tuesday, September 19th. Finally, Loop Capital started coverage on shares of Cabot Microelectronics in a research note on Thursday, September 28th. They set a “buy” rating and a $94.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $99.75.

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About Cabot Microelectronics

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 (NASDAQ:CCMP)

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