Cabot Microelectronics Corp. (NASDAQ:CCMP) Director Robert J. Birgeneau sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $58.31, for a total transaction of $349,860.00. Following the transaction, the director now owns 27,829 shares of the company’s stock, valued at approximately $1,622,708.99. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Cabot Microelectronics Corp. (NASDAQ:CCMP) opened at 57.74 on Tuesday. The firm’s 50-day moving average is $53.89 and its 200 day moving average is $48.04. Cabot Microelectronics Corp. has a 12-month low of $34.53 and a 12-month high of $59.34. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 23.76 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 for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.20. Cabot Microelectronics Corp. had a return on equity of 14.40% and a net margin of 13.81%. The firm had revenue of $123 million for the quarter, compared to analysts’ expectations of $114.50 million. During the same period in the prior year, the business posted $0.50 earnings per share. The company’s revenue was up 22.6% on a year-over-year basis. On average, equities analysts expect that Cabot Microelectronics Corp. will post $2.96 earnings per share for the current fiscal year.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 28th. Investors of record on Monday, October 3rd were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.25%. The ex-dividend date was Thursday, September 29th. Cabot Microelectronics Corp.’s dividend payout ratio (DPR) is 29.75%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Deprince Race & Zollo Inc. bought a new position in Cabot Microelectronics Corp. during the second quarter valued at $25,854,000. UBS Group AG boosted its position in Cabot Microelectronics Corp. by 1.0% in the first quarter. UBS Group AG now owns 36,812 shares of the company’s stock valued at $1,506,000 after buying an additional 377 shares during the period. Nuance Investments LLC boosted its position in Cabot Microelectronics Corp. by 505.8% in the second quarter. Nuance Investments LLC now owns 569,953 shares of the company’s stock valued at $24,132,000 after buying an additional 475,875 shares during the period. Royce & Associates LP boosted its position in Cabot Microelectronics Corp. by 7.8% in the second quarter. Royce & Associates LP now owns 1,004,145 shares of the company’s stock valued at $42,515,000 after buying an additional 72,900 shares during the period. Finally, Victory Capital Management Inc. boosted its position in Cabot Microelectronics Corp. by 77.3% in the second quarter. Victory Capital Management Inc. now owns 2,580 shares of the company’s stock valued at $109,000 after buying an additional 1,125 shares during the period. Institutional investors own 96.30% of the company’s stock.

About Cabot Microelectronics Corp.

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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