Today Cabot Microelectronics Corporation (CCMP) Stock Reaches 52-Week High

October 12, 2017 - By Stephen Andrade

Investors sentiment increased to 1.81 in Q2 2017. Its up 0.41, from 1.4 in 2017Q1. It improved, as 14 investors sold Cabot Microelectronics Corporation shares while 58 reduced holdings. 42 funds opened positions while 88 raised stakes. 23.63 million shares or 2.42% more from 23.07 million shares in 2017Q1 were reported.
Deprince Race & Zollo Incorporated has invested 0.01% in Cabot Microelectronics Corporation (NASDAQ:CCMP). Comml Bank Of Mellon Corp invested 0.01% in Cabot Microelectronics Corporation (NASDAQ:CCMP). Mondrian Invest Prtn Ltd has invested 0.06% in Cabot Microelectronics Corporation (NASDAQ:CCMP). Teton Advsr owns 20,200 shares or 0.15% of their US portfolio. United Ser Automobile Association holds 0.01% or 25,280 shares. Citigroup invested in 26,559 shares. Victory Cap Management Inc stated it has 0% of its portfolio in Cabot Microelectronics Corporation (NASDAQ:CCMP). Voya Invest Limited Liability Co invested in 0% or 11,344 shares. Invesco holds 266,943 shares. Hartford Management holds 2,780 shares. Amalgamated Bancorp holds 0.01% or 3,573 shares. Ameritas Invest Prns Inc owns 2,232 shares. Public Employees Retirement Systems Of Ohio holds 0% in Cabot Microelectronics Corporation (NASDAQ:CCMP) or 8,563 shares. Principal reported 0.02% stake. Riverbridge Prns Lc invested 0.41% in Cabot Microelectronics Corporation (NASDAQ:CCMP).

Since May 5, 2017, it had 0 insider buys, and 2 sales for $2.14 million activity. On Tuesday, May 9 ROMAN THOMAS S sold $666,614 worth of Cabot Microelectronics Corporation (NASDAQ:CCMP) or 8,545 shares. JOHNSON WILLIAM S had sold 18,930 shares worth $1.48M on Friday, May 5.

The stock of Cabot Microelectronics Corporation (NASDAQ:CCMP) hit a new 52-week high and has $86.43 target or 5.00 % above today’s $82.31 share price. The 7 months bullish chart indicates low risk for the $2.08 billion company. The 1-year high was reported on Oct, 12 by Barchart.com. If the $86.43 price target is reached, the company will be worth $104.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 12,897 shares traded. Cabot Microelectronics Corporation (NASDAQ:CCMP) has risen 87.31% since October 12, 2016 and is uptrending. It has outperformed by 70.61% the S&P500.

Analysts expect Cabot Microelectronics Corporation (NASDAQ:CCMP) to report $0.86 EPS on October, 26 before the open.They anticipate $0.05 EPS change or 5.49 % from last quarter’s $0.91 EPS. CCMP’s profit would be $21.73 million giving it 23.93 P/E if the $0.86 EPS is correct. After having $0.81 EPS previously, Cabot Microelectronics Corporation’s analysts see 6.17 % EPS growth.

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 9 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was upgraded by Needham to “Buy” on Tuesday, June 27. As per Thursday, February 11, the company rating was downgraded by Citigroup. The stock has “Buy” rating by Aegis Capital on Friday, March 17. Zacks upgraded the stock to “Sell” rating in Friday, August 14 report. As per Monday, September 18, the company rating was maintained by Needham.

More notable recent Cabot Microelectronics Corporation (NASDAQ:CCMP) news were published by: Seekingalpha.com which released: “Cabot Microelectronics’ (CCMP) CEO David Li on Q1 2017 Results – Earnings Call …” on January 26, 2017, also Globenewswire.com with their article: “Cabot Microelectronics Corporation and Konfoong Materials International Co …” published on November 07, 2016, Globenewswire.com published: “Cabot Microelectronics Corporation Receives Outstanding Performance Supplier …” on December 07, 2016. More interesting news about Cabot Microelectronics Corporation (NASDAQ:CCMP) were released by: Globenewswire.com and their article: “Cabot Microelectronics to Release Financial Results for Fourth Quarter and …” published on October 05, 2017 as well as Seekingalpha.com‘s news article titled: “Cabot Microelectronics Dominated CMP Slurry Revenues In 2016 While Versum …” with publication date: March 20, 2017.

Cabot Microelectronics Corporation supplies polishing slurries and pads used in the manufacture of integrated circuit devices within the semiconductor industry, in a process called chemical mechanical planarization (CMP). The company has market cap of $2.08 billion. The Firm is engaged in the development, manufacture and sale of CMP consumables. It has a 25.84 P/E ratio. The Firm develops, produces and sells CMP slurries for polishing conducting and insulating materials used in IC devices, and also for polishing the disk substrates and magnetic heads used in hard disk drives.

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