Cabot Microelectronics Corporation (CCMP) Analysts See $1.02 EPS

January 18, 2018 - By Ellis Scott

 Cabot Microelectronics Corporation (CCMP) Analysts See $1.02 EPS
Investors sentiment decreased to 0.93 in 2017 Q3. Its down 0.88, from 1.81 in 2017Q2. It worsened, as 31 investors sold Cabot Microelectronics Corporation shares while 67 reduced holdings. 29 funds opened positions while 62 raised stakes. 23.49 million shares or 0.60% less from 23.63 million shares in 2017Q2 were reported.
Point72 Asia (Hong Kong) Limited holds 0% in Cabot Microelectronics Corporation (NASDAQ:CCMP) or 48 shares. Royal Fincl Bank Of Canada reported 0% of its portfolio in Cabot Microelectronics Corporation (NASDAQ:CCMP). Loomis Sayles & Co L P stated it has 0% of its portfolio in Cabot Microelectronics Corporation (NASDAQ:CCMP). Pacad Ltd invested in 0.02% or 1,400 shares. Ameriprise Financial invested 0.01% of its portfolio in Cabot Microelectronics Corporation (NASDAQ:CCMP). Ftb Advsr stated it has 52 shares or 0% of all its holdings. Thrivent For Lutherans holds 0% or 15,400 shares. Comerica Bank holds 26,682 shares or 0.02% of its portfolio. Susquehanna Group Ltd Liability Partnership has invested 0% in Cabot Microelectronics Corporation (NASDAQ:CCMP). Parkside Bancorp And Tru stated it has 0% in Cabot Microelectronics Corporation (NASDAQ:CCMP). M&T Savings Bank Corporation, New York-based fund reported 5,676 shares. Alps Advsr holds 0% or 6,473 shares. 90,519 are held by Morgan Stanley. Rudman Errol M has 0.6% invested in Cabot Microelectronics Corporation (NASDAQ:CCMP). Guggenheim Cap Ltd Co reported 5,674 shares.

Since August 1, 2017, it had 0 insider buys, and 7 insider sales for $5.39 million activity. ECKSTEIN BERNSTEIN H CAROL had sold 18,525 shares worth $1.75M on Monday, October 30. $32,357 worth of Cabot Microelectronics Corporation (NASDAQ:CCMP) was sold by Woodland Daniel D.. 12,502 shares were sold by KLEIN BARBARA A, worth $896,276 on Thursday, August 3. On Monday, October 30 the insider HILL RICHARD sold $1.48M. On Monday, October 30 Damashek Yumiko sold $278,255 worth of Cabot Microelectronics Corporation (NASDAQ:CCMP) or 2,925 shares.

Analysts expect Cabot Microelectronics Corporation (NASDAQ:CCMP) to report $1.02 EPS on January, 25.They anticipate $0.10 EPS change or 10.87 % from last quarter’s $0.92 EPS. CCMP’s profit would be $25.47 million giving it 24.54 P/E if the $1.02 EPS is correct. After having $1.07 EPS previously, Cabot Microelectronics Corporation’s analysts see -4.67 % EPS growth. The stock decreased 0.22% or $0.2163 during the last trading session, reaching $100.1237. About 94,987 shares traded. Cabot Microelectronics Corporation (NASDAQ:CCMP) has risen 87.31% since January 18, 2017 and is uptrending. It has outperformed by 70.61% the S&P500.

Cabot Microelectronics Corporation (NASDAQ:CCMP) Ratings Coverage

Among 5 analysts covering Cabot Microelectronics (NASDAQ:CCMP), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Cabot Microelectronics had 14 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was maintained by Needham on Thursday, October 26 with “Buy”. Aegis Capital upgraded the stock to “Buy” rating in Friday, March 17 report. The rating was downgraded by Citigroup on Thursday, February 11 to “Neutral”. The stock of Cabot Microelectronics Corporation (NASDAQ:CCMP) earned “Buy” rating by Needham on Thursday, October 19. The firm has “Buy” rating by Loop Capital given on Friday, October 27. The firm has “Sell” rating by Zacks given on Friday, August 14. The firm has “Buy” rating given on Tuesday, June 27 by Needham. Citigroup maintained Cabot Microelectronics Corporation (NASDAQ:CCMP) on Friday, October 27 with “Neutral” rating. The rating was maintained by Needham on Monday, September 18 with “Buy”. The rating was maintained by Needham on Thursday, November 9 with “Buy”.

Cabot Microelectronics Corporation, together with its subsidiaries, develops, makes, and sells polishing slurries and pads used in the manufacture of advanced integrated circuit devices in the semiconductor industry in a process called chemical mechanical planarization (CMP). The company has market cap of $2.50 billion. The CMP technology is a polishing process used by IC device manufacturers to planarize or flatten the multiple layers of material that are deposited upon silicon wafers. It has a 29.45 P/E ratio. The firm offers CMP slurries, which are liquid solutions composed of high-purity deionized water, proprietary chemical additives, and engineered abrasives that chemically and mechanically interact with the surface material of the IC device at an atomic level; and CMP pads that are engineered polymeric materials designed to distribute and transport the slurry to the surface of the wafer and distribute it evenly across the wafer.

More notable recent Cabot Microelectronics Corporation (NASDAQ:CCMP) news were published by: Nasdaq.com which released: “Cabot Microelectronics Corporation (CCMP) Ex-Dividend Date Scheduled for …” on December 20, 2017, also Globenewswire.com with their article: “Cabot Microelectronics Corporation Reports Record Results for Fourth Quarter …” published on October 26, 2017, Globenewswire.com published: “Cabot Microelectronics Corporation to Present at the Citi Global Technology …” on August 31, 2017. More interesting news about Cabot Microelectronics Corporation (NASDAQ:CCMP) were released by: Reuters.com and their article: “BRIEF-Cabot Microelectronics Announces Appointment Of Scott D. Beamer As Vice …” published on December 12, 2017 as well as Nasdaq.com‘s news article titled: “Cabot Microelectronics Corporation (CCMP) Ex-Dividend Date Scheduled for …” with publication date: September 21, 2017.

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