Cabot Microelectronics Corporation (NASDAQ:CCMP) price target set to $117.00 by Loop Capital

ME Staff
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Analyst Ratings For Cabot Microelectronics Corporation (NASDAQ:CCMP)

Today, Loop Capital set its price target on Cabot Microelectronics Corporation (NASDAQ:CCMP) to $117.00 per share.

There are 3 Buy Ratings, 1 Hold Ratings, no Strong Buy Ratings, no Sell Ratings on the stock.

The current consensus rating on Cabot Microelectronics Corporation (NASDAQ:CCMP) is Buy with a consensus target price of $110.75 per share, a potential 1.61% upside.

Some recent analyst ratings include

  • 1/29/2018-Cabot Microelectronics Corporation (NASDAQ:CCMP) had its Buy rating reiterated by Seaport Global Securities with a $112.00 price target
  • 1/26/2018-Cabot Microelectronics Corporation (NASDAQ:CCMP) had its Buy ➝ Buy rating reiterated by Needham & Company LLC with a $120.00 price target
  • 3/17/2017-Cabot Microelectronics Corporation (NASDAQ:CCMP) gets upgraded to Buy by Aegis

Recent Insider Trading Activity For Cabot Microelectronics Corporation (NASDAQ:CCMP)
Cabot Microelectronics Corporation (NASDAQ:CCMP) has insider ownership of 3.30% and institutional ownership of 95.52%.

  • On 6/11/2018 Ananth Naman, VP, sold 3,034 with an average share price of $116.32 per share and the total transaction amounting to $352,914.88.
  • On 3/13/2018 Bernstein H Carol Eckstein, VP, sold 4,500 with an average share price of $112.34 per share and the total transaction amounting to $505,530.00.
  • On 3/13/2018 Richard Hill, Director, sold 1,000 with an average share price of $113.21 per share and the total transaction amounting to $113,210.00.
  • On 3/9/2018 Richard Hill, Director, sold 4,811 with an average share price of $111.69 per share and the total transaction amounting to $537,340.59.
  • On 3/7/2018 Thomas S Roman, Insider, sold 6,500 with an average share price of $108.16 per share and the total transaction amounting to $703,040.00.
  • On 2/14/2018 William P Noglows, Director, sold 17,000 with an average share price of $98.86 per share and the total transaction amounting to $1,680,620.00.
  • On 2/1/2018 David H Li, Insider, sold 17,000 with an average share price of $102.13 per share and the total transaction amounting to $1,736,210.00.

About Cabot Microelectronics Corporation (NASDAQ:CCMP)
Cabot Microelectronics Corporation, together with its subsidiaries, develops, manufactures, and sells polishing slurries and pads used in the manufacture of advanced integrated circuit (IC) devices in the semiconductor industry in a process called chemical mechanical planarization (CMP). 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. The company 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. Its CMP slurries are used for polishing various materials that conduct electrical signals, including tungsten, copper, tantalum, and aluminum; and certain materials that are used in the production of rigid disks and magnetic heads for hard disk drives, as well as used in the dielectric insulating materials that separate conductive layers within logic and memory IC devices. The company also designs and produces precision polishing and metrology systems to attain near-perfect shape and surface finish on various optical components, such as mirrors, lenses, and prisms. It serves the producers of logic IC devices or memory IC devices, and providers of IC foundry services directly, as well as through distributors. The company has a strategic collaboration with Fujimi Incorporated. It operates in the United States, Asia, and Europe. Cabot Microelectronics Corporation was founded in 1999 and is headquartered in Aurora, Illinois.

Recent Trading Activity for Cabot Microelectronics Corporation (NASDAQ:CCMP)
Shares of Cabot Microelectronics Corporation closed the previous trading session at 108.99 up +2.03 1.90% with 105.52 shares trading hands.