Cabot Microelectronics Co. (NASDAQ:CCMP) insider Thomas S. Roman sold 6,075 shares of Cabot Microelectronics stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $160.80, for a total transaction of $976,860.00. Following the completion of the transaction, the insider now owns 9,262 shares of the company’s stock, valued at approximately $1,489,329.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
CCMP opened at $166.81 on Thursday. The company has a fifty day moving average price of $151.56 and a two-hundred day moving average price of $139.42. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.34 and a current ratio of 3.33. Cabot Microelectronics Co. has a 52 week low of $97.17 and a 52 week high of $168.83. The firm has a market capitalization of $4.72 billion, a PE ratio of 77.23 and a beta of 1.36.
Cabot Microelectronics (NASDAQ:CCMP) last released its earnings results on Wednesday, February 5th. The semiconductor company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.21. Cabot Microelectronics had a net margin of 5.85% and a return on equity of 19.66%. The firm had revenue of $283.14 million during the quarter, compared to analyst estimates of $281.60 million. Equities analysts forecast that Cabot Microelectronics Co. will post 7.21 EPS for the current year.
Several research analysts recently weighed in on CCMP shares. Zacks Investment Research cut shares of Cabot Microelectronics from a “hold” rating to a “sell” rating in a research report on Tuesday. Buckingham Research restated a “buy” rating and issued a $170.00 price objective (up previously from $150.00) on shares of Cabot Microelectronics in a research report on Monday, October 28th. Loop Capital upgraded shares of Cabot Microelectronics from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $156.00 to $163.00 in a research report on Wednesday, December 18th. TheStreet upgraded shares of Cabot Microelectronics from a “c+” rating to a “b+” rating in a research report on Thursday, February 6th. Finally, BidaskClub upgraded shares of Cabot Microelectronics from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 7th. Three analysts have rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $156.33.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC acquired a new position in shares of Cabot Microelectronics in the 4th quarter valued at $28,000. Great Diamond Partners LLC acquired a new position in shares of Cabot Microelectronics in the 4th quarter valued at $29,000. Carroll Financial Associates Inc. grew its holdings in shares of Cabot Microelectronics by 1,365.0% in the 4th quarter. Carroll Financial Associates Inc. now owns 293 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 273 shares during the period. Evoke Wealth LLC acquired a new position in Cabot Microelectronics in the 3rd quarter worth $50,000. Finally, Fieldpoint Private Securities LLC boosted its stake in Cabot Microelectronics by 34.6% in the 4th quarter. Fieldpoint Private Securities LLC now owns 381 shares of the semiconductor company’s stock worth $55,000 after purchasing an additional 98 shares during the period. 97.08% of the stock is owned by hedge funds and other institutional investors.
About Cabot Microelectronics
Cabot Microelectronics Corp. engages in the development, manufacture, and sale of chemical mechanical planarization consumables products. The firm offers chemical mechanical planarization slurries for polishing many of the conducting, insulating and isolating materials used in integrated circuit devices, and for polishing the disk substrates and magnetic heads used in hard disk drives.
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