CMC Materials, Inc. (CCMP) to Issue Quarterly Dividend of $0.46 on July 30th

CMC Materials, Inc. (NASDAQ:CCMP) declared a quarterly dividend on Wednesday, June 9th, Zacks reports. Stockholders of record on Wednesday, June 23rd will be paid a dividend of 0.46 per share by the semiconductor company on Friday, July 30th. This represents a $1.84 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Tuesday, June 22nd.

CCMP stock opened at $150.99 on Friday. The stock has a market cap of $4.42 billion, a P/E ratio of -92.07 and a beta of 1.17. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.67 and a current ratio of 3.54. CMC Materials has a 12 month low of $126.53 and a 12 month high of $198.60. The firm has a fifty day simple moving average of $169.40.

CMC Materials (NASDAQ:CCMP) last announced its quarterly earnings results on Wednesday, May 5th. The semiconductor company reported $1.71 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.94 by ($0.23). The company had revenue of $290.53 million during the quarter, compared to analysts’ expectations of $298.59 million. CMC Materials had a negative net margin of 4.16% and a positive return on equity of 20.99%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.75 EPS. As a group, research analysts anticipate that CMC Materials will post 7.82 EPS for the current year.

Several equities research analysts recently issued reports on the stock. Seaport Res Ptn raised shares of CMC Materials from a “neutral” rating to a “buy” rating in a research report on Tuesday. The Goldman Sachs Group reduced their price target on shares of CMC Materials from $198.00 to $169.00 and set a “neutral” rating for the company in a report on Friday, May 7th. Seaport Global Securities upgraded shares of CMC Materials from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a research note on Tuesday. TheStreet cut shares of CMC Materials from an “a-” rating to a “c” rating in a research report on Thursday, May 6th. Finally, Zacks Investment Research downgraded CMC Materials from a “buy” rating to a “hold” rating in a report on Thursday, April 29th. Three analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $165.40.

About CMC Materials

CMC Materials, Inc, together with its subsidiaries, provides consumable materials to semiconductor manufacturers, and pipeline and adjacent industry customers in North America, Asia, Europe, the Middle East, Africa, and South America. The company operates through two segments, Electronic Materials and Performance Materials.

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Dividend History for CMC Materials (NASDAQ:CCMP)

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