Yumiko Damashek Sells 817 Shares of Cabot Microelectronics Corporation (CCMP) Stock

Cabot Microelectronics Corporation (NASDAQ:CCMP) VP Yumiko Damashek sold 817 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $97.58, for a total transaction of $79,722.86. Following the sale, the vice president now owns 30,120 shares of the company’s stock, valued at $2,939,109.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Yumiko Damashek also recently made the following trade(s):

  • On Tuesday, November 14th, Yumiko Damashek sold 7,183 shares of Cabot Microelectronics Corporation stock. The shares were sold at an average price of $97.45, for a total transaction of $699,983.35.
  • On Thursday, November 2nd, Yumiko Damashek sold 1,550 shares of Cabot Microelectronics Corporation stock. The shares were sold at an average price of $96.42, for a total transaction of $149,451.00.
  • On Monday, October 30th, Yumiko Damashek sold 2,925 shares of Cabot Microelectronics Corporation stock. The shares were sold at an average price of $95.13, for a total transaction of $278,255.25.

Cabot Microelectronics Corporation (NASDAQ CCMP) traded down $0.66 during midday trading on Friday, hitting $98.42. 180,300 shares of the company traded hands, compared to its average volume of 142,874. The company has a current ratio of 6.04, a quick ratio of 5.25 and a debt-to-equity ratio of 0.22. Cabot Microelectronics Corporation has a twelve month low of $57.97 and a twelve month high of $99.81. The company has a market capitalization of $2,500.00, a PE ratio of 27.31 and a beta of 1.43.

Cabot Microelectronics Corporation (NASDAQ:CCMP) last released its earnings results on Thursday, October 26th. The semiconductor company reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.20. Cabot Microelectronics Corporation had a net margin of 17.10% and a return on equity of 16.27%. The business had revenue of $136.80 million during the quarter, compared to analysts’ expectations of $132.18 million. During the same quarter last year, the company earned $0.91 earnings per share. The firm’s revenue was up 11.5% on a year-over-year basis. sell-side analysts predict that Cabot Microelectronics Corporation will post 4.02 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 30th. Shareholders of record on Monday, September 25th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Friday, September 22nd. Cabot Microelectronics Corporation’s dividend payout ratio is 23.67%.

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Several equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Cabot Microelectronics Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Loop Capital assumed coverage on shares of Cabot Microelectronics Corporation in a research note on Thursday, September 28th. They issued a “buy” rating and a $94.00 target price for the company. Needham & Company LLC reiterated a “buy” rating and issued a $85.00 target price on shares of Cabot Microelectronics Corporation in a research note on Tuesday, September 19th. Seaport Global Securities assumed coverage on shares of Cabot Microelectronics Corporation in a research note on Wednesday, September 6th. They issued a “buy” rating for the company. Finally, Citigroup Inc. increased their target price on shares of Cabot Microelectronics Corporation from $80.00 to $94.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $99.75.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Neuberger Berman Group LLC lifted its stake in Cabot Microelectronics Corporation by 97.2% during the third quarter. Neuberger Berman Group LLC now owns 986,513 shares of the semiconductor company’s stock worth $78,852,000 after purchasing an additional 486,275 shares during the period. California Public Employees Retirement System lifted its stake in Cabot Microelectronics Corporation by 1.8% during the third quarter. California Public Employees Retirement System now owns 79,508 shares of the semiconductor company’s stock worth $6,355,000 after purchasing an additional 1,408 shares during the period. Point72 Asset Management L.P. bought a new position in Cabot Microelectronics Corporation during the third quarter worth about $480,000. Earnest Partners LLC lifted its stake in Cabot Microelectronics Corporation by 1.4% during the third quarter. Earnest Partners LLC now owns 1,288,634 shares of the semiconductor company’s stock worth $103,001,000 after purchasing an additional 18,153 shares during the period. Finally, Royce & Associates LP lifted its stake in Cabot Microelectronics Corporation by 17.0% during the third quarter. Royce & Associates LP now owns 724,192 shares of the semiconductor company’s stock worth $57,885,000 after purchasing an additional 105,067 shares during the period. Hedge funds and other institutional investors own 89.15% of the company’s stock.

Cabot Microelectronics Corporation Company Profile

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 Corporation (NASDAQ:CCMP)

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