Cabot Microelectronics Corporation (CCMP) Given Media Impact Score of 0.18
Headlines about Cabot Microelectronics Corporation (NASDAQ:CCMP) have been trending somewhat positive on Tuesday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cabot Microelectronics Corporation earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave news articles about the semiconductor company an impact score of 46.5434424146453 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Accern’s rankings:
- ETFs with exposure to Cabot Microelectronics Corp. : November 21, 2017 (finance.yahoo.com)
- Thomas S. Roman Sells 2,350 Shares of Cabot Microelectronics Corporation (CCMP) Stock (americanbankingnews.com)
- Cabot Microelectronics Corporation (CCMP) Insider Sells $1,026,654.00 in Stock (americanbankingnews.com)
- Cabot Microelectronics Corp. :CCMP-US: Earnings Analysis: 2017 By the Numbers : November 20, 2017 (finance.yahoo.com)
- Cabot Microelectronics Corporation (CCMP) Given Average Recommendation of “Buy” by Analysts (americanbankingnews.com)
Shares of Cabot Microelectronics Corporation (CCMP) traded up $2.98 during trading on Tuesday, reaching $102.73. 244,147 shares of the company’s stock were exchanged, compared to its average volume of 180,461. Cabot Microelectronics Corporation has a 1 year low of $57.97 and a 1 year high of $102.84. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.04 and a quick ratio of 5.25. The firm has a market capitalization of $2,590.00, a price-to-earnings ratio of 27.65 and a beta of 1.43.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 30th. Stockholders of record on Monday, September 25th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Friday, September 22nd. Cabot Microelectronics Corporation’s payout ratio is currently 23.67%.
A number of analysts have weighed in on CCMP shares. BidaskClub lowered shares of Cabot Microelectronics Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Zacks Investment Research upgraded shares of Cabot Microelectronics Corporation from a “hold” rating to a “strong-buy” rating and set a $112.00 target price on the stock in a research report on Tuesday, November 7th. Loop Capital raised their target price on shares of Cabot Microelectronics Corporation from $94.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Citigroup Inc. raised their target price on shares of Cabot Microelectronics Corporation from $80.00 to $94.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. Finally, Seaport Global Securities started coverage on shares of Cabot Microelectronics Corporation in a research report on Wednesday, September 6th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $99.75.
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In other news, insider Thomas S. Roman sold 2,350 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $99.20, for a total transaction of $233,120.00. Following the completion of the transaction, the insider now owns 10,753 shares of the company’s stock, valued at $1,066,697.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David H. Li sold 10,425 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $98.48, for a total transaction of $1,026,654.00. Following the transaction, the insider now directly owns 83,268 shares of the company’s stock, valued at approximately $8,200,232.64. The disclosure for this sale can be found here. Insiders have sold 58,482 shares of company stock valued at $5,641,938 in the last ninety days. Insiders own 5.50% of the company’s stock.
About Cabot Microelectronics Corporation
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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