Thomas S. Roman Sells 3,132 Shares of Cabot Microelectronics Corp. (CCMP) Stock
Cabot Microelectronics Corp. (NASDAQ:CCMP) insider Thomas S. Roman sold 3,132 shares of Cabot Microelectronics Corp. stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $56.55, for a total transaction of $177,114.60. Following the completion of the sale, the insider now owns 14,083 shares in the company, valued at $796,393.65. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of Cabot Microelectronics Corp. (NASDAQ:CCMP) opened at 58.74 on Monday. Cabot Microelectronics Corp. has a 52 week low of $34.53 and a 52 week high of $58.74. The firm has a 50-day moving average of $53.74 and a 200 day moving average of $47.84. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 24.17 and a beta of 1.28.
Cabot Microelectronics Corp. (NASDAQ:CCMP) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.20. Cabot Microelectronics Corp. had a net margin of 13.81% and a return on equity of 14.40%. The firm earned $123 million during the quarter, compared to analysts’ expectations of $114.50 million. During the same period in the prior year, the company posted $0.50 EPS. The company’s revenue was up 22.6% on a year-over-year basis. On average, equities analysts predict that Cabot Microelectronics Corp. will post $2.96 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 28th. Stockholders of record on Monday, October 3rd were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Thursday, September 29th. Cabot Microelectronics Corp.’s dividend payout ratio (DPR) is presently 29.75%.
Several large investors have recently bought and sold shares of CCMP. KCG Holdings Inc. purchased a new stake in Cabot Microelectronics Corp. during the third quarter valued at $226,000. BOKF NA boosted its stake in Cabot Microelectronics Corp. by 6.5% in the third quarter. BOKF NA now owns 7,276 shares of the company’s stock valued at $385,000 after buying an additional 443 shares during the period. Morgan Stanley boosted its stake in Cabot Microelectronics Corp. by 165.5% in the third quarter. Morgan Stanley now owns 55,001 shares of the company’s stock valued at $2,910,000 after buying an additional 34,283 shares during the period. Principal Financial Group Inc. boosted its stake in Cabot Microelectronics Corp. by 4.8% in the third quarter. Principal Financial Group Inc. now owns 180,502 shares of the company’s stock valued at $9,551,000 after buying an additional 8,245 shares during the period. Finally, Northern Trust Corp boosted its stake in Cabot Microelectronics Corp. by 1.1% in the third quarter. Northern Trust Corp now owns 434,958 shares of the company’s stock valued at $23,014,000 after buying an additional 4,868 shares during the period. Institutional investors own 96.30% of the company’s stock.
Cabot Microelectronics Corp. 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.
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