Cabot Microelectronics Corporation (NASDAQ: CCMP) recently received a number of ratings updates from brokerages and research firms:

  • 8/30/2017 – Cabot Microelectronics Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Cabot Microelectronics Corp. is a leading supplier of slurries used in chemical mechanical planarization, a polishing process used in the manufacturing of integrated circuit devices. Chemical mechanical planarization is an important part of the integrated circuit device manufacturing process because it helps manufacturers make smaller, faster and more complex integrated circuit devices. Chemical mechanical planarization slurries are liquids containing abrasives and chemicals that facilitate and enhance the mechanical planarization polishing process. “
  • 8/23/2017 – Cabot Microelectronics Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Cabot Microelectronics Corp. is a leading supplier of slurries used in chemical mechanical planarization, a polishing process used in the manufacturing of integrated circuit devices. Chemical mechanical planarization is an important part of the integrated circuit device manufacturing process because it helps manufacturers make smaller, faster and more complex integrated circuit devices. Chemical mechanical planarization slurries are liquids containing abrasives and chemicals that facilitate and enhance the mechanical planarization polishing process. “
  • 8/17/2017 – Cabot Microelectronics Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Cabot Microelectronics Corp. is a leading supplier of slurries used in chemical mechanical planarization, a polishing process used in the manufacturing of integrated circuit devices. Chemical mechanical planarization is an important part of the integrated circuit device manufacturing process because it helps manufacturers make smaller, faster and more complex integrated circuit devices. Chemical mechanical planarization slurries are liquids containing abrasives and chemicals that facilitate and enhance the mechanical planarization polishing process. “
  • 8/11/2017 – Cabot Microelectronics Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/31/2017 – Cabot Microelectronics Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/13/2017 – Cabot Microelectronics Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Shares of Cabot Microelectronics Corporation (CCMP) traded down 0.24% during trading on Friday, reaching $71.45. 32,129 shares of the company’s stock were exchanged. The firm has a market capitalization of $1.80 billion, a PE ratio of 22.29 and a beta of 1.48. Cabot Microelectronics Corporation has a 52 week low of $47.31 and a 52 week high of $81.85. The company’s 50-day moving average price is $73.14 and its 200 day moving average price is $73.83.

Cabot Microelectronics Corporation (NASDAQ:CCMP) last posted its earnings results on Thursday, July 27th. The semiconductor company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by $0.03. The business had revenue of $128 million for the quarter, compared to analyst estimates of $122.17 million. Cabot Microelectronics Corporation had a return on equity of 16.08% and a net margin of 16.41%. The firm’s revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.79 earnings per share. Analysts predict that Cabot Microelectronics Corporation will post $3.35 EPS for the current fiscal year.

In other Cabot Microelectronics Corporation news, Director Barbara A. Klein sold 12,502 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $71.69, for a total value of $896,268.38. Following the transaction, the director now directly owns 34,561 shares of the company’s stock, valued at approximately $2,477,678.09. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Daniel D. Woodland sold 432 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $74.90, for a total value of $32,356.80. Following the completion of the transaction, the vice president now directly owns 17,588 shares in the company, valued at $1,317,341.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,740 shares of company stock worth $1,799,554. Insiders own 5.50% of the company’s stock.

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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