Cabot Microelectronics Corporation (NASDAQ:CCMP) insider Thomas S. Roman sold 2,350 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was 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 in the company, valued at approximately $1,066,697.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of Cabot Microelectronics Corporation (NASDAQ:CCMP) opened at $99.75 on Tuesday. The firm has a market cap of $2,495.63, a price-to-earnings ratio of 27.65 and a beta of 1.43. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.04 and a quick ratio of 5.25. Cabot Microelectronics Corporation has a one year low of $57.97 and a one year high of $100.00.

Cabot Microelectronics Corporation (NASDAQ:CCMP) last released its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.20. The company had revenue of $136.80 million during the quarter, compared to analyst estimates of $132.18 million. Cabot Microelectronics Corporation had a net margin of 17.10% and a return on equity of 16.27%. Cabot Microelectronics Corporation’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.91 EPS. analysts expect that Cabot Microelectronics Corporation will post 4.02 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 30th. Stockholders of record on Monday, September 25th were paid a $0.20 dividend. The ex-dividend date was Friday, September 22nd. This represents a $0.80 annualized dividend and a dividend yield of 0.80%. Cabot Microelectronics Corporation’s dividend payout ratio is currently 23.60%.

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A number of brokerages have recently issued reports on CCMP. Zacks Investment Research downgraded shares of Cabot Microelectronics Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Loop Capital began coverage on shares of Cabot Microelectronics Corporation in a research report on Thursday, September 28th. They issued a “buy” rating and a $94.00 price target on the stock. BidaskClub downgraded shares of Cabot Microelectronics Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Needham & Company LLC restated a “buy” rating and issued a $85.00 price target on shares of Cabot Microelectronics Corporation in a research report on Tuesday, September 19th. Finally, Citigroup Inc. boosted their price target on shares of Cabot Microelectronics Corporation from $80.00 to $94.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $99.75.

Several large investors have recently added to or reduced their stakes in CCMP. UBS Group AG increased its stake in shares of Cabot Microelectronics Corporation by 58.9% in the 1st quarter. UBS Group AG now owns 7,917 shares of the semiconductor company’s stock valued at $606,000 after acquiring an additional 2,936 shares in the last quarter. State Street Corp increased its stake in shares of Cabot Microelectronics Corporation by 6.6% in the 1st quarter. State Street Corp now owns 579,437 shares of the semiconductor company’s stock valued at $44,394,000 after acquiring an additional 36,091 shares in the last quarter. Credit Suisse AG increased its stake in shares of Cabot Microelectronics Corporation by 41.6% in the 1st quarter. Credit Suisse AG now owns 42,852 shares of the semiconductor company’s stock valued at $3,282,000 after acquiring an additional 12,596 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Cabot Microelectronics Corporation by 3,960.3% in the 2nd quarter. Bank of Montreal Can now owns 96,391 shares of the semiconductor company’s stock valued at $7,117,000 after acquiring an additional 94,017 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. bought a new stake in shares of Cabot Microelectronics Corporation in the 2nd quarter valued at $269,000. Institutional investors own 89.29% 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.

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

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