Cabot Microelectronics Co. (NASDAQ:CCMP) Director Barbara A. Klein sold 3,000 shares of Cabot Microelectronics stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $108.28, for a total value of $324,840.00. Following the completion of the transaction, the director now directly owns 26,104 shares in the company, valued at $2,826,541.12. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of CCMP traded down $2.35 during mid-day trading on Wednesday, hitting $106.54. 147,048 shares of the company’s stock traded hands, compared to its average volume of 269,196. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.40 and a current ratio of 3.40. Cabot Microelectronics Co. has a 1 year low of $82.24 and a 1 year high of $129.94. The stock has a market capitalization of $3.10 billion, a PE ratio of 20.41 and a beta of 1.39.
Cabot Microelectronics (NASDAQ:CCMP) last posted its earnings results on Wednesday, May 8th. The semiconductor company reported $1.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by ($0.06). Cabot Microelectronics had a net margin of 15.61% and a return on equity of 20.79%. The business had revenue of $265.39 million for the quarter, compared to analysts’ expectations of $273.30 million. Research analysts forecast that Cabot Microelectronics Co. will post 6.78 EPS for the current fiscal year.
A number of equities analysts have commented on CCMP shares. BidaskClub raised Cabot Microelectronics from a “hold” rating to a “buy” rating in a research note on Thursday, February 28th. Zacks Investment Research cut Cabot Microelectronics from a “buy” rating to a “hold” rating in a research note on Wednesday, April 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $124.33.
About Cabot Microelectronics
Cabot Microelectronics Corp. engages in the development, manufacture, and sale of chemical mechanical planarization consumables products. The firm offers chemical mechanical planarization slurries for polishing many of the conducting, insulating and isolating materials used in integrated circuit devices, and for polishing the disk substrates and magnetic heads used in hard disk drives.
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