Media coverage about Cabot Microelectronics Corporation (NASDAQ:CCMP) has been trending somewhat positive on Saturday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cabot Microelectronics Corporation earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 46.1550951434594 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
A number of analysts recently commented on CCMP shares. BidaskClub raised Cabot Microelectronics Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Needham & Company LLC raised Cabot Microelectronics Corporation from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Tuesday, June 27th.
Cabot Microelectronics Corporation (CCMP) traded up 0.90% during trading on Friday, reaching $70.47. The company’s stock had a trading volume of 296,452 shares. The company has a 50-day moving average of $75.02 and a 200 day moving average of $73.61. Cabot Microelectronics Corporation has a one year low of $47.31 and a one year high of $81.85. The firm has a market cap of $1.78 billion, a PE ratio of 21.98 and a beta of 1.48.
Cabot Microelectronics Corporation (NASDAQ:CCMP) last released its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.81 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.84 by $0.03. Cabot Microelectronics Corporation had a return on equity of 16.08% and a net margin of 16.41%. The company had revenue of $128 million during the quarter, compared to the consensus estimate of $122.17 million. During the same period in the previous year, the company earned $0.79 earnings per share. Cabot Microelectronics Corporation’s quarterly revenue was up 18.4% on a year-over-year basis. Analysts expect that Cabot Microelectronics Corporation will post $3.35 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, June 23rd were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Wednesday, June 21st. Cabot Microelectronics Corporation’s payout ratio is currently 25.08%.
In other Cabot Microelectronics Corporation news, Director Barbara A. Klein sold 12,502 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $71.69, for a total transaction of $896,268.38. Following the completion of the transaction, the director now owns 34,561 shares of the company’s stock, valued at $2,477,678.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William P. Noglows sold 60,000 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $76.96, for a total transaction of $4,617,600.00. Following the transaction, the director now directly owns 28,652 shares of the company’s stock, valued at approximately $2,205,057.92. The disclosure for this sale can be found here. Insiders have sold 84,740 shares of company stock valued at $6,417,154 in the last ninety days. Insiders own 5.50% of the company’s stock.
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About Cabot Microelectronics Corporation
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.
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