Cabot Microelectronics Co. (NASDAQ:CCMP) VP Bernstein H. Carol Eckstein sold 4,500 shares of Cabot Microelectronics stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $112.34, for a total value of $505,530.00. Following the completion of the sale, the vice president now owns 48,912 shares of the company’s stock, valued at $5,494,774.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Cabot Microelectronics Co. (NASDAQ CCMP) traded up $1.51 during trading on Wednesday, hitting $113.64. The stock had a trading volume of 124,055 shares, compared to its average volume of 184,173. The firm has a market cap of $2,879.74, a price-to-earnings ratio of 46.92 and a beta of 1.41. Cabot Microelectronics Co. has a 52 week low of $68.00 and a 52 week high of $115.10. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.53 and a quick ratio of 5.71.
Cabot Microelectronics (NASDAQ:CCMP) last posted its earnings results on Thursday, January 25th. The semiconductor company reported $1.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.17. The company had revenue of $140.00 million during the quarter, compared to analyst estimates of $137.90 million. Cabot Microelectronics had a return on equity of 16.99% and a net margin of 11.74%. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.92 EPS. equities research analysts expect that Cabot Microelectronics Co. will post 4.71 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Cabot Microelectronics by 0.3% during the 4th quarter. BlackRock Inc. now owns 3,324,018 shares of the semiconductor company’s stock valued at $312,722,000 after purchasing an additional 10,871 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Cabot Microelectronics by 1.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,882,237 shares of the semiconductor company’s stock valued at $147,623,000 after purchasing an additional 24,159 shares in the last quarter. Earnest Partners LLC lifted its holdings in shares of Cabot Microelectronics by 1.4% during the 3rd quarter. Earnest Partners LLC now owns 1,288,634 shares of the semiconductor company’s stock valued at $103,001,000 after purchasing an additional 18,153 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Cabot Microelectronics by 28.6% during the 4th quarter. Renaissance Technologies LLC now owns 988,917 shares of the semiconductor company’s stock valued at $93,037,000 after purchasing an additional 219,708 shares in the last quarter. Finally, Neuberger Berman Group LLC lifted its holdings in shares of Cabot Microelectronics by 97.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 986,513 shares of the semiconductor company’s stock valued at $78,852,000 after purchasing an additional 486,275 shares in the last quarter. Institutional investors own 95.12% of the company’s stock.
CCMP has been the subject of a number of research reports. Zacks Investment Research lowered Cabot Microelectronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 1st. BidaskClub upgraded Cabot Microelectronics from a “hold” rating to a “buy” rating in a research report on Friday, January 5th. Loop Capital lifted their price objective on Cabot Microelectronics from $108.00 to $112.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Seaport Global Securities reiterated a “buy” rating and issued a $112.00 price objective on shares of Cabot Microelectronics in a research report on Monday, January 29th. Finally, Needham & Company LLC restated a “buy” rating and set a $120.00 target price (up from $110.00) on shares of Cabot Microelectronics in a research report on Friday, January 26th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price 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.
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