Somewhat Favorable News Coverage Somewhat Unlikely to Affect Cabot Microelectronics Corporation (CCMP) Stock Price
News headlines about Cabot Microelectronics Corporation (NASDAQ:CCMP) have trended somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cabot Microelectronics Corporation earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news stories about the semiconductor company an impact score of 47.080555345721 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
A number of equities analysts have commented on CCMP shares. Seaport Global Securities started coverage on Cabot Microelectronics Corporation in a report on Wednesday, September 6th. They set a “buy” rating for the company. BidaskClub raised Cabot Microelectronics Corporation from a “hold” rating to a “buy” rating in a 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 report on Tuesday, June 27th. Finally, Zacks Investment Research raised Cabot Microelectronics Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $80.00.
Cabot Microelectronics Corporation (CCMP) traded up 0.33% during midday trading on Friday, hitting $73.76. The company had a trading volume of 240,609 shares. Cabot Microelectronics Corporation has a 52-week low of $49.77 and a 52-week high of $81.85. The stock’s 50-day moving average price is $71.23 and its 200-day moving average price is $74.04. The stock has a market cap of $1.86 billion, a PE ratio of 23.01 and a beta of 1.46.
Cabot Microelectronics Corporation (NASDAQ:CCMP) last announced its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.81 EPS for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $128.00 million for the quarter, compared to analysts’ expectations of $122.17 million. During the same period last year, the firm earned $0.79 EPS. Cabot Microelectronics Corporation’s revenue was up 18.4% compared to the same quarter last year. On average, equities research analysts expect that Cabot Microelectronics Corporation will post $3.36 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Monday, September 25th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, September 22nd. This represents a $0.80 annualized dividend and a dividend yield of 1.08%. Cabot Microelectronics Corporation’s dividend payout ratio is currently 25.08%.
In related news, VP Daniel D. Woodland sold 432 shares of Cabot Microelectronics Corporation stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $74.90, for a total transaction of $32,356.80. Following the completion of the transaction, the vice president now directly owns 17,588 shares in the company, valued at approximately $1,317,341.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barbara A. Klein sold 12,502 shares of Cabot Microelectronics Corporation stock in a transaction that occurred 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 owns 34,561 shares of the company’s stock, valued at $2,477,678.09. The disclosure for this sale can be found here. Insiders have sold a total of 24,740 shares of company stock valued at $1,799,554 over the last 90 days. Insiders own 5.50% of the company’s stock.
Cabot Microelectronics Corporation 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.
Receive News & Stock Ratings for Cabot Microelectronics Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cabot Microelectronics Corporation and related stocks with our FREE daily email newsletter.