Cabot Microelectronics Corp. (NASDAQ:CCMP) declared a quarterly dividend on Thursday, September 22nd. Shareholders of record on Monday, October 3rd will be given a dividend of 0.18 per share on Friday, October 28th. This represents a $0.72 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Thursday, September 29th.
Cabot Microelectronics Corp. (NASDAQ:CCMP) opened at 53.05 on Wednesday. The firm has a 50-day moving average price of $50.35 and a 200 day moving average price of $44.87. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 25.26 and a beta of 1.35. Cabot Microelectronics Corp. has a 1-year low of $34.53 and a 1-year high of $53.08.
Cabot Microelectronics Corp. (NASDAQ:CCMP) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.23. Cabot Microelectronics Corp. had a return on equity of 12.66% and a net margin of 12.56%. The company had revenue of $108.20 million for the quarter, compared to analyst estimates of $106.73 million. During the same quarter last year, the company posted $0.46 EPS. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. Equities analysts predict that Cabot Microelectronics Corp. will post $2.47 earnings per share for the current year.
Separately, Zacks Investment Research upgraded Cabot Microelectronics Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, June 21st.
In related news, VP Daniel J. Pike sold 975 shares of the business’s stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $50.01, for a total transaction of $48,759.75. Following the sale, the vice president now owns 72,261 shares in the company, valued at approximately $3,613,772.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Yumiko Damashek sold 2,888 shares of the business’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $50.70, for a total value of $146,421.60. Following the sale, the vice president now owns 32,630 shares in the company, valued at approximately $1,654,341. The disclosure for this sale can be found here. Corporate insiders own 8.20% of the company’s stock.
Large investors have recently modified their holdings of the company. Comerica Bank raised its stake in shares of Cabot Microelectronics Corp. by 162.8% in the second quarter. Comerica Bank now owns 63,805 shares of the company’s stock worth $3,190,000 after buying an additional 39,530 shares in the last quarter. Paradigm Asset Management Co. LLC purchased a new stake in shares of Cabot Microelectronics Corp. during the second quarter worth $741,000. BlackRock Fund Advisors raised its stake in shares of Cabot Microelectronics Corp. by 0.8% in the second quarter. BlackRock Fund Advisors now owns 1,540,488 shares of the company’s stock worth $65,224,000 after buying an additional 12,286 shares in the last quarter. BlackRock Investment Management LLC raised its stake in shares of Cabot Microelectronics Corp. by 10.3% in the second quarter. BlackRock Investment Management LLC now owns 107,336 shares of the company’s stock worth $4,545,000 after buying an additional 10,001 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Cabot Microelectronics Corp. by 2.3% in the second quarter. Alliancebernstein L.P. now owns 405,100 shares of the company’s stock worth $17,152,000 after buying an additional 9,298 shares in the last quarter. Institutional investors and hedge funds own 97.23% of the company’s stock.
About Cabot Microelectronics Corp.
Cabot Microelectronics Corporation is a supplier of polishing slurries and a growing polishing pad supplier used in the manufacture of advanced integrated circuit (IC) devices within the semiconductor industry, in a process called chemical mechanical planarization (CMP). The Company is into the development, manufacture and sale of CMP consumables products.
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