Cabot Microelectronics Co. (NASDAQ:CCMP) Director Richard Hill sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $113.21, for a total transaction of $113,210.00. Following the sale, the director now owns 9,011 shares of the company’s stock, valued at $1,020,135.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Richard Hill also recently made the following trade(s):
- On Friday, March 9th, Richard Hill sold 4,811 shares of Cabot Microelectronics stock. The stock was sold at an average price of $111.69, for a total transaction of $537,340.59.
Shares of Cabot Microelectronics Co. (CCMP) traded up $1.51 during mid-day trading on Wednesday, hitting $113.64. 124,055 shares of the stock traded hands, compared to its average volume of 184,173. Cabot Microelectronics Co. has a fifty-two week low of $68.00 and a fifty-two week high of $115.10. The company has a quick ratio of 5.71, a current ratio of 6.53 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $2,879.74, a P/E ratio of 46.92 and a beta of 1.41.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, March 23rd will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.41%. This is an increase from Cabot Microelectronics’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, March 22nd. Cabot Microelectronics’s dividend payout ratio is 33.47%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. LS Investment Advisors LLC boosted its stake in Cabot Microelectronics by 93.4% during the 4th quarter. LS Investment Advisors LLC now owns 1,663 shares of the semiconductor company’s stock valued at $156,000 after acquiring an additional 803 shares during the last quarter. Schroder Investment Management Group bought a new position in Cabot Microelectronics during the 4th quarter valued at $198,000. DekaBank Deutsche Girozentrale boosted its stake in Cabot Microelectronics by 87.5% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,246 shares of the semiconductor company’s stock valued at $157,000 after acquiring an additional 1,048 shares during the last quarter. Shelton Capital Management bought a new position in Cabot Microelectronics during the 4th quarter valued at $214,000. Finally, Quadrature Capital Ltd bought a new position in Cabot Microelectronics during the 4th quarter valued at $236,000. Hedge funds and other institutional investors own 95.12% of the company’s stock.
Several research analysts have recently weighed in on CCMP shares. Loop Capital upped their target price on shares of Cabot Microelectronics from $108.00 to $112.00 and gave the company a “buy” rating in a research note on Friday, January 26th. BidaskClub upgraded shares of Cabot Microelectronics from a “hold” rating to a “buy” rating in a research note on Friday, January 5th. Zacks Investment Research downgraded shares of Cabot Microelectronics from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 1st. Seaport Global Securities restated a “buy” rating and issued a $112.00 target price on shares of Cabot Microelectronics in a research note on Monday, January 29th. Finally, Needham & Company LLC restated a “buy” rating and issued a $120.00 target price (up from $110.00) on shares of Cabot Microelectronics in a research note on Friday, January 26th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average 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.
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