Cabot Microelectronics Corporation (CCMP) VP Sells $79,722.86 in Stock

Cabot Microelectronics Corporation (NASDAQ:CCMP) VP Yumiko Damashek sold 817 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $97.58, for a total value of $79,722.86. Following the transaction, the vice president now directly owns 30,120 shares in the company, valued at $2,939,109.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 stock. The stock was sold at an average price of $97.45, for a total value of $699,983.35.
  • On Thursday, November 2nd, Yumiko Damashek sold 1,550 shares of Cabot Microelectronics stock. The stock was sold at an average price of $96.42, for a total value of $149,451.00.
  • On Monday, October 30th, Yumiko Damashek sold 2,925 shares of Cabot Microelectronics stock. The stock was sold at an average price of $95.13, for a total value of $278,255.25.

Shares of Cabot Microelectronics Corporation (CCMP) opened at $94.85 on Monday. The stock has a market capitalization of $2,405.10, a PE ratio of 26.64 and a beta of 1.42. The company has a debt-to-equity ratio of 0.22, a quick ratio of 5.25 and a current ratio of 6.04. Cabot Microelectronics Corporation has a 1-year low of $58.42 and a 1-year high of $102.92.

Cabot Microelectronics (NASDAQ:CCMP) last issued its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.20. Cabot Microelectronics had a return on equity of 16.27% and a net margin of 17.10%. The business had revenue of $136.80 million for the quarter, compared to analysts’ expectations of $132.18 million. During the same quarter in the prior year, the firm posted $0.91 EPS. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. analysts expect that Cabot Microelectronics Corporation will post 4.02 earnings per share for the current fiscal year.

CCMP has been the subject of a number of recent analyst reports. BidaskClub downgraded Cabot Microelectronics from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Zacks Investment Research upgraded Cabot Microelectronics from a “hold” rating to a “strong-buy” rating and set a $112.00 price objective for the company in a research note on Tuesday, November 7th. Loop Capital increased their price target on Cabot Microelectronics from $94.00 to $108.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Citigroup increased their price target on Cabot Microelectronics from $80.00 to $94.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. Finally, Seaport Global Securities started coverage on Cabot Microelectronics in a research note on Wednesday, September 6th. They set a “buy” rating for the company. One 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 given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $99.75.

Several large investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio raised its holdings in shares of Cabot Microelectronics by 93.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 16,559 shares of the semiconductor company’s stock valued at $1,324,000 after acquiring an additional 7,996 shares in the last quarter. GSA Capital Partners LLP raised its holdings in shares of Cabot Microelectronics by 13.7% in the 3rd quarter. GSA Capital Partners LLP now owns 9,138 shares of the semiconductor company’s stock valued at $730,000 after acquiring an additional 1,101 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in shares of Cabot Microelectronics by 97.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 986,513 shares of the semiconductor company’s stock valued at $78,852,000 after acquiring an additional 486,275 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of Cabot Microelectronics by 1.8% in the 3rd quarter. California Public Employees Retirement System now owns 79,508 shares of the semiconductor company’s stock valued at $6,355,000 after acquiring an additional 1,408 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of Cabot Microelectronics during the 3rd quarter valued at about $480,000. 93.12% of the stock is currently owned by hedge funds and other institutional investors.

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Cabot Microelectronics 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 (NASDAQ:CCMP)

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