Economy

Cabot Microelectronics Corporation (CCMP) Plans Quarterly Dividend of $0.20

The dividend payment was $0.200 per share for the quarter or $0.80 on an annualized basis. Cabot Microelectronics Corp now has $1.98B valuation. The stock rose 1.73% or $1.36 reaching $79.79 per share. About 155,207 shares traded. Cabot Microelectronics Corporation (NASDAQ:CCMP) has risen 87.31% since September 28, 2016 and is uptrending. It has outperformed by 70.61% the S&P500. Vanguard Gru stated it has 2.36M shares. Uniqure NV (NASDAQ:QURE) has declined 52.65% since September 28, 2016 and is downtrending. It has outperformed by 33.53% the S&P500.

Investors sentiment increased to 1.59 in Q2 2017. Its up 0.41, from 1.4 in 2017Q1.

Sell-side analyst recommendations point to a short term price target of $62.5 on the shares of Lydall, Inc. 43 funds opened positions while 102 raised stakes. Bancorp Of America De holds 0% or 205,550 shares in its portfolio. Gotham Asset Ltd Company has 46,316 shares. It also upped Jm Smucker Co (NYSE:SJM) stake by 50 shares and now owns 1,150 shares. Klein now owns $2,205,399 of stock as recorded in a recent Form 4 SEC filing. Dupont Cap Management reported 0.13% in Morgan Stanley (NYSE:MS). 432 were accumulated by Da Davidson &. Cambridge Rech Advsrs Incorporated reported 34,554 shares. Segantii Cap Mngmt Limited, a Hong Kong-based fund reported 200 shares. Bnp Paribas Arbitrage Sa holds 9,973 shares or 0% of its portfolio. The company has a market capitalization of $1.73 billion, a PE ratio of 24.67 and a beta of 1.33. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Therefore 50% are positive. Oneok Partners had 37 analyst reports since August 6, 2015 according to SRatingsIntel. The stock has "Sell" rating by Societe Generale on Wednesday, January 13. The firm earned "Neutral" rating on Thursday, February 11 by Citigroup. (NASDAQ:IDCC) has "Buy" rating given on Tuesday, September 29 by Sidoti. Peel Hunt downgraded the shares of RCDO in report on Thursday, November 19 to "Add" rating. Sandler O'Neill downgraded the stock to "Hold" rating in Thursday, October 6 report. The count of Hold ratings in that period was 3.

Since May 5, 2017, it had 0 insider purchases, and 2 insider sales for $2.14 million activity. In the last 90 days, insiders sold 190,044 shares of company stock valued at $12,959,195. Needham maintained Cabot Microelectronics Corporation (NASDAQ:CCMP) rating on Monday, September 18.

Ranger Investment Management L.P. holds 1.43% of its portfolio in Cabot Microelectronics Corporation for 271,410 shares. Therefore 80% are positive. Cabot Microelectronics had 2 analyst reports since March 17, 2017 according to SRatingsIntel. The rating was upgraded by Aegis Capital on Friday, March 17 to "Buy". Needham & Company LLC reissued a "buy" rating and set a $85.00 target price on shares of Cabot Microelectronics Corporation in a research note on Tuesday, September 19th.

Cabot Microelectronics Corporation (NASDAQ:CCMP) last issued its earnings results on Thursday, July 27th.

Several analysts have recently weighed in on CCMP shares. Its up 0.38, from 1.21 in 2017Q1. The total value of its holdings increased 259.8%. Finally, BlackRock Fund Advisors boosted its stake in Cabot Microelectronics by 9.0% in the third quarter. Ftb Advisors Inc owns 52 shares or 0% of their United States portfolio. Susquehanna Intll Group Limited Liability Partnership holds 0% or 5,200 shares in its portfolio. Acadian Asset Mngmt accumulated 0.02% or 65,725 shares. Utd Svcs Automobile Association has invested 0.01% in Cabot Microelectronics Corporation (NASDAQ:CCMP). It also upped Acadia Realty Trust Reit (NYSE:AKR) stake by 40,769 shares and now owns 164,145 shares. The Massachusetts-based Wellington Gp Llp has invested 0% in Cabot Microelectronics Corporation (NASDAQ:CCMP). Ameriprise Finance has invested 0.01% in Cabot Microelectronics Corporation (NASDAQ:CCMP). Amalgamated Retail Bank invested in 3,573 shares. Moreover, Tiaa Cref Mgmt Limited Co has 0.01% invested in Cabot Microelectronics Corporation (NASDAQ:CCMP) for 123,281 shares. Mckinley Capital Mngmt Lc Delaware holds 0.14% or 51,776 shares in its portfolio.

Cabot Microelectronics Corporation (CCMP) opened the session with a $74.98 price tag, later ranging from $73.7 to $78, the range at which the stock has traded at throughout the day. They expect $0.86 earnings per share, down 5.49% or $0.05 from last year's $0.91 per share. CCMP's profit will be $21.75M for 23.22 P/E if the $0.86 EPS becomes a reality. The semiconductor company reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.84 by ($0.03).

Hap Trading Llc increased Texas Instrs Inc (NASDAQ:TXN) stake by 7,537 shares to 59,937 valued at $4.61 million in 2017Q2.



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