Cabot Microelectronics Co. (CCMP) Insider David H. Li Sells 17,000 Shares

Cabot Microelectronics Co. (NASDAQ:CCMP) insider David H. Li sold 17,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $102.13, for a total transaction of $1,736,210.00. Following the sale, the insider now directly owns 77,892 shares in the company, valued at approximately $7,955,109.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Cabot Microelectronics Co. (CCMP) traded down $2.96 on Monday, hitting $97.46. 123,995 shares of the company were exchanged, compared to its average volume of 192,901. The company has a debt-to-equity ratio of 0.21, a quick ratio of 5.71 and a current ratio of 6.53. The stock has a market capitalization of $2,564.82, a P/E ratio of 42.02 and a beta of 1.46. Cabot Microelectronics Co. has a one year low of $66.69 and a one year high of $105.69.

Cabot Microelectronics (NASDAQ:CCMP) last posted its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.17. The company had revenue of $140.00 million for the quarter, compared to the consensus estimate of $137.90 million. Cabot Microelectronics had a net margin of 11.74% and a return on equity of 16.99%. The firm’s revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.92 earnings per share. research analysts predict that Cabot Microelectronics Co. will post 4.71 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 30th. Shareholders of record on Friday, December 22nd were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date was Thursday, December 21st. Cabot Microelectronics’s payout ratio is 33.47%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Aperio Group LLC raised its stake in Cabot Microelectronics by 7.8% during the 4th quarter. Aperio Group LLC now owns 8,158 shares of the semiconductor company’s stock worth $768,000 after acquiring an additional 587 shares during the period. Moody Aldrich Partners LLC raised its stake in Cabot Microelectronics by 23.3% during the 4th quarter. Moody Aldrich Partners LLC now owns 23,639 shares of the semiconductor company’s stock worth $2,224,000 after acquiring an additional 4,473 shares during the period. Mutual of America Capital Management LLC bought a new stake in Cabot Microelectronics during the 4th quarter worth approximately $1,515,000. Assenagon Asset Management S.A. bought a new stake in Cabot Microelectronics during the 4th quarter worth approximately $5,884,000. Finally, APG Asset Management N.V. raised its stake in Cabot Microelectronics by 13.4% during the 4th quarter. APG Asset Management N.V. now owns 35,500 shares of the semiconductor company’s stock worth $2,781,000 after acquiring an additional 4,200 shares during the period. Institutional investors own 92.66% of the company’s stock.

A number of equities analysts recently issued reports on CCMP shares. Zacks Investment Research downgraded shares of Cabot Microelectronics from a “strong-buy” rating to a “hold” rating in a report on Monday, January 1st. Loop Capital raised their price objective on shares of Cabot Microelectronics from $94.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, October 27th. BidaskClub raised shares of Cabot Microelectronics from a “hold” rating to a “buy” rating in a report on Friday, January 5th. Citigroup raised their price objective on shares of Cabot Microelectronics from $80.00 to $94.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. Finally, Seaport Global Securities reissued a “buy” rating and issued a $112.00 price objective on shares of Cabot Microelectronics in a report on Monday, January 29th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $110.40.

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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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