News headlines about Cabot Microelectronics Corporation (NASDAQ:CCMP) have trended positive this week, according to Accern Sentiment. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Cabot Microelectronics Corporation earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned press coverage about the semiconductor company an impact score of 49.7693446089092 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s scoring:
- Cabot Microelectronics Reaches Analyst Target Price (nasdaq.com)
- Citigroup Inc. Increases Cabot Microelectronics Corporation (CCMP) Price Target to $94.00 (americanbankingnews.com)
- Cabot Microelectronics Corporation (CCMP) Price Target Raised to $108.00 (americanbankingnews.com)
- Cabot Microelectronics Clears Key Benchmark, Hitting 90-Plus RS Rating (finance.yahoo.com)
- Cabot Microelectronics : posts 4Q profit (4-traders.com)
Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Cabot Microelectronics Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. Loop Capital assumed coverage on shares of Cabot Microelectronics Corporation in a report on Thursday, September 28th. They issued a “buy” rating and a $94.00 target price for the company. BidaskClub downgraded shares of Cabot Microelectronics Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Needham & Company LLC reiterated a “buy” rating and issued a $85.00 target price on shares of Cabot Microelectronics Corporation in a report on Tuesday, September 19th. Finally, Seaport Global Securities assumed coverage on shares of Cabot Microelectronics Corporation in a report on Wednesday, September 6th. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Cabot Microelectronics Corporation currently has an average rating of “Hold” and a consensus target price of $95.67.
Shares of Cabot Microelectronics Corporation (NASDAQ:CCMP) traded up 5.20% during mid-day trading on Friday, hitting $96.16. 308,240 shares of the stock traded hands. The company has a market capitalization of $2.43 billion, a PE ratio of 29.99 and a beta of 1.47. The company’s 50-day moving average price is $79.85 and its 200 day moving average price is $75.96. Cabot Microelectronics Corporation has a 1-year low of $53.18 and a 1-year high of $97.70.
Cabot Microelectronics Corporation (NASDAQ:CCMP) last posted its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.20. The firm had revenue of $136.80 million during the quarter, compared to analyst estimates of $132.18 million. Cabot Microelectronics Corporation had a return on equity of 16.27% and a net margin of 17.10%. Cabot Microelectronics Corporation’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 EPS. Equities research analysts forecast that Cabot Microelectronics Corporation will post $3.89 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Stockholders of record on Monday, September 25th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Friday, September 22nd. Cabot Microelectronics Corporation’s dividend payout ratio is presently 23.60%.
In other Cabot Microelectronics Corporation news, VP Daniel D. Woodland sold 432 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $74.90, for a total value of $32,356.80. Following the completion of the transaction, the vice president now owns 17,588 shares of the company’s stock, valued at approximately $1,317,341.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Barbara A. Klein sold 12,502 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $71.69, for a total value of $896,268.38. Following the completion of the transaction, the director now directly owns 34,561 shares of the company’s stock, valued at approximately $2,477,678.09. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,740 shares of company stock valued at $1,799,554. 5.50% of the stock is owned by insiders.
Cabot Microelectronics Corporation Company Profile
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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