Cabot Microelectronics Corporation (CCMP): Market is showing a Red signal

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Cabot Microelectronics Corporation (NASDAQ:CCMP) changes shares on Tuesday trading session, with a change of -0.32% or -$0.49 shares. The trading starts at $153.18 and closed at $153.75 throughout the day. The trading session low price was $152.09 and day high was $154.16 on Tuesday, August 04. After the session, the Technology sector daily volume shifted to 0.13 million while its average volume is 200.82K. In other hand, the CCMP market cap reached to $4.58B. While, its current target price is $151.25.

On August 15, 2018, Deals of the day-Mergers and acquisitions. According to the news reported on Reuters, The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday:

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -0.16% and up 9.60% for month. Its quarterly performance was 26.03% above, while its half year performance is down -0.01%. CCMP yearly performance stood at positive 38.94% and rise 6.19% for year-to-date. Current recommendation for Cabot Microelectronics Corporation is 2.80.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. CCMP EPS (TTM) for 12-month is 2.66. EPS for this year is -66.10%, while for the next year its value is 7.00. Sales growth for the current quarter is 4.44 while its EPS Q/Q reached 20.20%. It has an EPS of -4.10% down for past five years and for the next five years will be up 13.00%.

Let’s take a look on the analyst recommendations on CCMP for the current month and previous month. For the current month, 1 of 5 analysts recommend stock as Buy while 1 as Sell, 1 as overweight, 0 as underweight and 2 as Hold. As compared with the previous month ratings, 5 analysts participate in stock recommendation. Out of 5, 0 rated it sell, 1 rated it as Buy and 3 as Hold Ratings. On the other hand, target price ranges from $117.00 – $170.00. Average target price for CCMP was reached at $151.75.

Blackrock Inc., Vanguard Group, Inc. (The) and Neuberger Berman Group, LLC are the top three holders in Cabot Microelectronics Corporation (CCMP) stock. On Mar 30, 2020, Blackrock Inc. has 3.39 million shares which valued 386.82 million. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 2.86 million shares which valued at 326.17 million. On Mar 30, 2020, Neuberger Berman Group, LLC has a total of 1.63 million shares which valued at 186.33 million. In the end, Neuberger Berman Group, LLC have 5.62% shares outstanding of Cabot Microelectronics Corporation (CCMP) on Mar 30, 2020. The insider ownership moved to 0.90%.

The company posted an EPS (TTM) of 2.66. According to the most recent quarter report on (Jun 2020), 5 analysts estimated an average EPS of 1.54, while 1.59 EPS posted a year ago period. Analyst Estimated EPS for CCMP published in the report was $1.44 – $1.62 during the same period. Comparing with last year, the average estimated EPS was 1.59 which is lower than 1.75 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for CCMP rise 11.30% for period of 200 days. SMA for 50 days was 6.91% which is showing green signal, while SMA-20 was 5.73%. The moving average value for Cabot Microelectronics Corporation (CCMP) is 134.88 and 142.26 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in CCMP stock. On May 20, KLEIN BARBARA A, Director, sold 6,126 trading shares at the cost of $138.03, which valued at 0.85 million. On May 11, Woodland Daniel D., VP, Marketing, sold 2,548 shares at the cost of $131.34, with total shares of 13,318. On Feb 12, HILL RICHARD, Director, sold 5,135 shares at the cost of 166.95. After this transaction, HILL RICHARD total shares reached to 6,170 which valued at 0.86 million.