Cabot Microelectronics Corporation Company Profile (NASDAQ:CCMP)

Cabot Microelectronics Corporation trades on the NASDAQ under the ticker symbol "CCMP."

Cabot Microelectronics Corporation declared a quarterly dividend on Tuesday, September 12th. Shareholders of record on Monday, September 25th will be given a dividend of $0.20 per share on Monday, October 30th. This represents a $0.80 annualized dividend and a yield of 1.07%. The ex-dividend date is Friday, September 22nd. View Cabot Microelectronics Corporation's Dividend History.

Cabot Microelectronics Corporation (NASDAQ:CCMP) announced its quarterly earnings data on Thursday, July, 27th. The company reported $0.81 EPS for the quarter, missing the Zacks' consensus estimate of $0.84 by $0.03. The business earned $128 million during the quarter, compared to the consensus estimate of $122.17 million. Cabot Microelectronics Corporation had a return on equity of 16.08% and a net margin of 16.41%. The company's revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.79 EPS. View Cabot Microelectronics Corporation's Earnings History.

Cabot Microelectronics Corporation is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for Cabot Microelectronics Corporation.

4 brokers have issued 12 month price targets for Cabot Microelectronics Corporation's stock. Their forecasts range from $75.00 to $85.00. On average, they expect Cabot Microelectronics Corporation's stock price to reach $80.00 in the next twelve months. View Analyst Ratings for Cabot Microelectronics Corporation.

Here are some recent quotes from research analysts about Cabot Microelectronics Corporation stock:

• 1. According to Zacks Investment Research, "Cabot Microelectronics Corp. is a leading supplier of slurries used in chemical mechanical planarization, a polishing process used in the manufacturing of integrated circuit devices. Chemical mechanical planarization is an important part of the integrated circuit device manufacturing process because it helps manufacturers make smaller, faster and more complex integrated circuit devices. Chemical mechanical planarization slurries are liquids containing abrasives and chemicals that facilitate and enhance the mechanical planarization polishing process. " (8/30/2017)
• 2. Aegis analysts commented, "We are upgrading our rating on CCMP to Buy from Hold for several reasons: 1) strong and above-seasonal current chip end-market demand; 2) a more positive assessment of the benefit CCMP should garner from the memory chip industry's profound ongoing shift to 3D-NAND architecture, still in its early innings; 3) a greater appreciation for the chip industry's secularly positive fundamental inflection, more broadly, owing to increasing demand from a variety of non-conventional end markets; 4) increased confidence in the commercial momentum behind the NexPlanar CMP pad products, as well as the Company's new high-margin oxide slurries; 5) acknowledgement of CCMP's seemingly-inevitable role in industry consolidation ' as an acquiescing target, even if begrudgingly; and, 6) rollover growth-shifting our framework to our FY18 projections, in which we now have greater confidence - coupled with a slightly higher multiple assumption to reflect the positive aforementioned considerations. Our revised price target is now $86, up from $74. With 20-22% upside potential, we now recommend buying CCMP shares." (3/17/2017)

Some companies that are related to Cabot Microelectronics Corporation include Integrated Device Technology (IDTI), Silicon Laboratories (SLAB), Advanced Energy Industries (AEIS), Tower Semiconductor (TSEM), Sanmina Corporation (SANM), Vishay Intertechnology (VSH), Cree (CREE), Semtech Corporation (SMTC), Rogers Corporation (ROG), Mellanox Technologies (MLNX), Power Integrations (POWI), Plexus Corp. (PLXS), Celestica (CLS), Himax Technologies (HIMX), Benchmark Electronics (BHE), Inphi Corporation (IPHI), Silicon Motion Technology Corporation (SIMO) and Ambarella (AMBA).

Cabot Microelectronics Corporation's management team includes the folowing people:

• William P. Noglows, Executive Chairman of Board
• David H. Li, President, Chief Executive Officer, Director
• William S. Johnson, Chief Financial Officer, Executive Vice President
• Ananth Naman, Chief Technology Officer, Vice President
• H. Carol Eckstein Bernstein, Vice President, General Counsel, Secretary
• Daniel D. Woodland, Vice President - Marketing
• Thomas Francis Kelly, Vice President - Corporate Development
• Thomas S. Roman, Principal Accounting Officer, Corporate Controller
• Robert J. Birgeneau, Independent Director
• Richard S. Hill, Independent Director

Cabot Microelectronics Corporation's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.47%), Vanguard Group Inc. (9.34%), JPMorgan Chase & Co. (7.37%), Earnest Partners LLC (5.04%), Dimensional Fund Advisors LP (3.61%) and Kayne Anderson Rudnick Investment Management LLC (2.92%). Company insiders that own Cabot Microelectronics Corporation stock include Ananth Naman, Bailing Xia, Barbara A Klein, Bernstein H Carol Eckstein, Daniel D Woodland, Daniel J Pike, David H Li, Edward J Mooney, Lisa A Polezoes, Richard Hill, Richard Hui, Robert J Birgeneau, Thomas S Roman, William P Noglows, William S Johnson and Yumiko Damashek. View Institutional Ownership Trends for Cabot Microelectronics Corporation.

Cabot Microelectronics Corporation's stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Parallax Volatility Advisers L.P., Alliancebernstein L.P., Deprince Race & Zollo Inc., Dimensional Fund Advisors LP, Kayne Anderson Rudnick Investment Management LLC, Russell Investments Group Ltd. and Royce & Associates LP. Company insiders that have sold Cabot Microelectronics Corporation stock in the last year include Ananth Naman, Bailing Xia, Barbara A Klein, Bernstein H Carol Eckstein, Daniel D Woodland, David H Li, Lisa A Polezoes, Robert J Birgeneau, Thomas S Roman, William P Noglows and William S Johnson. View Insider Buying and Selling for Cabot Microelectronics Corporation.

Cabot Microelectronics Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Neuberger Berman Group LLC, BlackRock Inc., Vanguard Group Inc., Renaissance Technologies LLC, Schroder Investment Management Group, JPMorgan Chase & Co., Eagle Asset Management Inc. and Bank of Montreal Can. View Insider Buying and Selling for Cabot Microelectronics Corporation.

Shares of Cabot Microelectronics Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Cabot Microelectronics Corporation stock can currently be purchased for approximately $74.78.