The Cabot Microelectronics (CCMP) Receiving Very Positive Press Coverage, Report Finds

The Cabot Microelectronics (CCMP) Receiving Very Positive Press Coverage, Report Finds

Shares of Cabot Microelectronics (NASDAQ:CCMP) opened at 76.80 on Monday. Cabot Microelectronics has a 1-year low of $40.38 and a 1-year high of $79.99. The company has a market cap of $1.92 billion, a P/E ratio of 24.01 and a beta of 1.33. The firm has a 50-day moving average price of $76.13 and a 200-day moving average price of $69.15.

Headlines about Cabot Microelectronics (NASDAQ:CCMP) have been trending very positive recently, according to AlphaOne. AlphaOne, a service of Accern, identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cabot Microelectronics earned a coverage optimism score of 0.56 on AlphaOne’s scale. AlphaOne also gave media coverage about the semiconductor company an impact score of 100 out of 100, indicating that recent press coverage is extremely likely to have an effect on the stock’s share price in the near future.

Cabot Microelectronics (NASDAQ:CCMP) last issued its earnings results on Thursday, April 27th. The semiconductor company reported $0.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.09. Cabot Microelectronics had a return on equity of 15.81% and a net margin of 15.53%. The company had revenue of $119.20 million during the quarter, compared to the consensus estimate of $114.87 million. During the same quarter in the prior year, the business earned $0.41 earnings per share. The company’s revenue was up 20.2% compared to the same quarter last year. On average, equities analysts expect that Cabot Microelectronics will post $3.46 EPS for the current year. CCMP has been the topic of several recent analyst reports. Aegis raised Cabot Microelectronics from a “hold” rating to a “buy” rating in a research note on Friday, March 17th. Citigroup Inc lifted their price objective on Cabot Microelectronics to $75.00 and gave the stock a “neutral” rating in a research note on Monday, March 20th.

Cabot Microelectronics (NASDAQ:CCMP) last issued its earnings results on Thursday, April 27th. The semiconductor company reported $0.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.09. Cabot Microelectronics had a return on equity of 15.81% and a net margin of 15.53%. The company had revenue of $119.20 million during the quarter, compared to the consensus estimate of $114.87 million. During the same quarter in the prior year, the business earned $0.41 earnings per share. The company’s revenue was up 20.2% compared to the same quarter last year. On average, equities analysts expect that Cabot Microelectronics will post $3.46 EPS for the current year. In related news, VP Bernstein H. Carol Eckstein sold 20,700 shares of the stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $69.49, for a total value of $1,438,443.00. Following the completion of the transaction, the vice president now owns 62,414 shares of the company’s stock, valued at $4,337,148.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas S. Roman sold 8,545 shares of the stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $78.01, for a total value of $666,595.45. Following the completion of the transaction, the insider now directly owns 16,948 shares of the company’s stock, valued at approximately $1,322,113.48. The disclosure for this sale can be found here. Insiders sold 180,557 shares of company stock valued at $13,431,469 in the last ninety days. Company insiders own 5.50% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:CCMP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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