Cabot Microelectronics Co. (NASDAQ:CCMP) insider David H. Li sold 17,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $102.13, for a total transaction of $1,736,210.00. Following the sale, the insider now owns 77,892 shares in the company, valued at approximately $7,955,109.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Cabot Microelectronics Co. (NASDAQ:CCMP) traded down $2.96 during trading on Monday, hitting $97.46. 123,995 shares of the stock traded hands, compared to its average volume of 192,901. The company has a market capitalization of $2,564.82, a PE ratio of 42.02 and a beta of 1.46. The company has a debt-to-equity ratio of 0.21, a quick ratio of 5.71 and a current ratio of 6.53. Cabot Microelectronics Co. has a 52-week low of $66.69 and a 52-week high of $105.69.

Cabot Microelectronics (NASDAQ:CCMP) last released its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.17. The firm had revenue of $140.00 million for the quarter, compared to analysts’ expectations of $137.90 million. Cabot Microelectronics had a net margin of 11.74% and a return on equity of 16.99%. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 earnings per share. sell-side analysts expect that Cabot Microelectronics Co. will post 4.71 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 30th. Stockholders of record on Friday, December 22nd were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Thursday, December 21st. Cabot Microelectronics’s payout ratio is currently 33.47%.

A number of equities research analysts have commented on CCMP shares. Zacks Investment Research cut shares of Cabot Microelectronics from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 1st. Loop Capital raised their target price on shares of Cabot Microelectronics from $94.00 to $108.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. BidaskClub upgraded shares of Cabot Microelectronics from a “hold” rating to a “buy” rating in a research note on Friday, January 5th. Citigroup raised their target price on shares of Cabot Microelectronics from $80.00 to $94.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. Finally, Seaport Global Securities restated a “buy” rating and set a $112.00 target price on shares of Cabot Microelectronics in a research note on Monday, January 29th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $110.40.

Several institutional investors have recently added to or reduced their stakes in CCMP. DekaBank Deutsche Girozentrale raised its position in shares of Cabot Microelectronics by 87.5% during the third quarter. DekaBank Deutsche Girozentrale now owns 2,246 shares of the semiconductor company’s stock valued at $157,000 after buying an additional 1,048 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in shares of Cabot Microelectronics by 17.0% during the second quarter. Ameritas Investment Partners Inc. now owns 2,232 shares of the semiconductor company’s stock valued at $164,000 after buying an additional 324 shares during the last quarter. Advisor Group Inc. raised its position in shares of Cabot Microelectronics by 4.5% during the second quarter. Advisor Group Inc. now owns 2,329 shares of the semiconductor company’s stock valued at $172,000 after buying an additional 100 shares during the last quarter. Balyasny Asset Management LLC bought a new stake in shares of Cabot Microelectronics during the second quarter valued at approximately $235,000. Finally, Quantbot Technologies LP bought a new stake in shares of Cabot Microelectronics during the third quarter valued at approximately $261,000. Hedge funds and other institutional investors own 92.66% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This article was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another website, it was stolen and republished in violation of international copyright laws. The correct version of this article can be accessed at https://www.thecerbatgem.com/2018/02/05/insider-selling-cabot-microelectronics-co-ccmp-insider-sells-17000-shares-of-stock.html.

About Cabot Microelectronics

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 (NASDAQ:CCMP)

Receive News & Ratings for Cabot Microelectronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cabot Microelectronics and related companies with MarketBeat.com's FREE daily email newsletter.