Cabot Microelectronics Co. (NASDAQ:CCMP) declared a quarterly dividend on Tuesday, March 7th. Investors of record on Thursday, March 23rd will be given a dividend of 0.20 per share on Friday, April 28th. This represents a $0.80 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Tuesday, March 21st. This is a positive change from Cabot Microelectronics’s previous quarterly dividend of $0.18.
Cabot Microelectronics (NASDAQ:CCMP) opened at 73.51 on Monday. Cabot Microelectronics has a 1-year low of $38.37 and a 1-year high of $73.80. The firm has a market cap of $1.81 billion, a P/E ratio of 25.75 and a beta of 1.33. The company has a 50-day moving average price of $69.22 and a 200-day moving average price of $60.35.
Cabot Microelectronics (NASDAQ:CCMP) last posted its quarterly earnings results on Thursday, January 26th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.19. The company earned $123.30 million during the quarter, compared to the consensus estimate of $114.63 million. Cabot Microelectronics had a return on equity of 15.81% and a net margin of 15.53%. The firm’s quarterly revenue was up 22.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.46 EPS. On average, equities research analysts forecast that Cabot Microelectronics will post $3.32 EPS for the current fiscal year.
In other news, VP Ananth Naman sold 49,131 shares of the stock in a transaction on Monday, March 13th. The stock was sold at an average price of $69.16, for a total transaction of $3,397,899.96. Following the completion of the transaction, the vice president now owns 24,683 shares in the company, valued at approximately $1,707,076.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas S. Roman sold 1,681 shares of the stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $69.94, for a total value of $117,569.14. Following the transaction, the insider now owns 12,448 shares of the company’s stock, valued at approximately $870,613.12. The disclosure for this sale can be found here. Insiders have sold a total of 190,044 shares of company stock valued at $12,959,195 in the last quarter. 5.50% of the stock is owned by corporate insiders.
Your IP Address:
Separately, Aegis initiated coverage on Cabot Microelectronics in a research note on Wednesday, January 18th. They set a “hold” rating for the company.
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.
Receive News & Ratings for Cabot Microelectronics Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cabot Microelectronics Co. and related companies with MarketBeat.com's FREE daily email newsletter.