Insider Selling: Cabot Microelectronics Corporation (CCMP) VP Sells 8,567 Shares of Stock
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.
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.
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