Cabot Microelectronics Co. (NASDAQ:CCMP) Director Richard Hill Sells 5,135 Shares

Cabot Microelectronics Co. (NASDAQ:CCMP) Director Richard Hill sold 5,135 shares of Cabot Microelectronics stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $166.95, for a total value of $857,288.25. Following the completion of the transaction, the director now owns 11,305 shares of the company’s stock, valued at approximately $1,887,369.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

NASDAQ:CCMP opened at $166.11 on Friday. Cabot Microelectronics Co. has a 12 month low of $97.21 and a 12 month high of $169.13. The stock has a 50 day moving average of $152.01 and a two-hundred day moving average of $139.63. The company has a current ratio of 3.33, a quick ratio of 2.34 and a debt-to-equity ratio of 0.90. The firm has a market cap of $4.72 billion, a P/E ratio of 76.90 and a beta of 1.36.

Cabot Microelectronics (NASDAQ:CCMP) last posted its quarterly earnings data on Wednesday, February 5th. The semiconductor company reported $1.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.71 by $0.21. Cabot Microelectronics had a return on equity of 19.66% and a net margin of 5.85%. The company had revenue of $283.14 million during the quarter, compared to analyst estimates of $281.60 million. On average, research analysts forecast that Cabot Microelectronics Co. will post 7.21 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 30th. Shareholders of record on Friday, December 20th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Thursday, December 19th. This represents a $1.68 annualized dividend and a yield of 1.01%. Cabot Microelectronics’s dividend payout ratio (DPR) is currently 25.00%.

A number of large investors have recently bought and sold shares of the business. Earnest Partners LLC increased its stake in Cabot Microelectronics by 5.3% during the 4th quarter. Earnest Partners LLC now owns 1,284,710 shares of the semiconductor company’s stock worth $185,409,000 after buying an additional 64,764 shares in the last quarter. State Street Corp increased its stake in Cabot Microelectronics by 8.9% during the 4th quarter. State Street Corp now owns 902,965 shares of the semiconductor company’s stock worth $130,706,000 after buying an additional 73,691 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in Cabot Microelectronics by 8.2% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 727,863 shares of the semiconductor company’s stock worth $102,782,000 after buying an additional 55,013 shares in the last quarter. Bessemer Group Inc. purchased a new stake in Cabot Microelectronics during the 4th quarter worth approximately $93,083,000. Finally, FMR LLC increased its stake in Cabot Microelectronics by 15.8% during the 4th quarter. FMR LLC now owns 631,882 shares of the semiconductor company’s stock worth $91,193,000 after buying an additional 86,025 shares in the last quarter. Institutional investors own 97.08% of the company’s stock.

Several equities analysts recently weighed in on the company. Citigroup lifted their price target on Cabot Microelectronics from $140.00 to $175.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Sanford C. Bernstein restated a “sell” rating on shares of Cabot Microelectronics in a research note on Tuesday. Buckingham Research restated a “buy” rating and issued a $170.00 price target (up previously from $150.00) on shares of Cabot Microelectronics in a research note on Monday, October 28th. Zacks Investment Research lowered Cabot Microelectronics from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Loop Capital upgraded Cabot Microelectronics from a “hold” rating to a “buy” rating and lifted their price target for the company from $156.00 to $163.00 in a research note on Wednesday, December 18th. Three research analysts have rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $156.33.

Cabot Microelectronics Company Profile

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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Insider Buying and Selling by Quarter for Cabot Microelectronics (NASDAQ:CCMP)

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