Cabot Microelectronics (CCMP) Given News Sentiment Score of 0.21

Media coverage about Cabot Microelectronics (NASDAQ:CCMP) has trended somewhat positive recently, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Cabot Microelectronics earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned media stories about the semiconductor company an impact score of 45.1830685113811 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Shares of Cabot Microelectronics (CCMP) opened at $98.16 on Tuesday. Cabot Microelectronics has a 1-year low of $62.88 and a 1-year high of $102.92. The stock has a market capitalization of $2,489.03, a price-to-earnings ratio of 28.96 and a beta of 1.43. 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 (NASDAQ:CCMP) last announced its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to the consensus estimate of $132.18 million. During the same quarter in the prior year, the company posted $0.91 earnings per share. Cabot Microelectronics’s revenue was up 11.5% compared to the same quarter last year. analysts forecast that Cabot Microelectronics will post 4.14 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 30th. Investors of record on Friday, December 22nd will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, December 21st. This represents a $0.80 annualized dividend and a yield of 0.81%. Cabot Microelectronics’s dividend payout ratio (DPR) is currently 23.60%.

A number of equities analysts have recently weighed in on the company. BidaskClub raised Cabot Microelectronics from a “hold” rating to a “buy” rating in a research report on Friday, January 5th. Zacks Investment Research raised Cabot Microelectronics from a “hold” rating to a “strong-buy” rating and set a $112.00 target price on the stock in a research report on Tuesday, November 7th. Loop Capital upped their target price on Cabot Microelectronics from $94.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Citigroup upped their target price on Cabot Microelectronics from $80.00 to $94.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $85.00 target price on shares of Cabot Microelectronics in a research report on Tuesday, September 19th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $99.75.

In other Cabot Microelectronics news, Director Richard Hill sold 15,638 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $94.58, for a total value of $1,479,042.04. Following the completion of the transaction, the director now owns 15,104 shares in the company, valued at approximately $1,428,536.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Bernstein H. Carol Eckstein sold 905 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $91.94, for a total value of $83,205.70. Following the completion of the transaction, the vice president now owns 54,150 shares of the company’s stock, valued at approximately $4,978,551. The disclosure for this sale can be found here. Insiders have sold 73,699 shares of company stock valued at $7,111,751 in the last quarter. 5.50% of the stock is currently owned by corporate insiders.

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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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