10.00 % to Target, Needham Reconfirms ‘Buy’ Rating on Cabot Microelec (NASDAQ:CCMP) Shares Today

February 18, 2018 - By Henry Gaston

 10.00 % to Target, Needham Reconfirms ‘Buy’ Rating on Cabot Microelec (NASDAQ:CCMP) Shares Today

Investors sentiment decreased to 0.93 in 2017 Q3. Its down 0.88, from 1.81 in 2017Q2. It is negative, 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.

The Massachusetts-based Panagora Asset has invested 0.05% in Cabot Microelectronics Corporation (NASDAQ:CCMP). Carlson Limited Partnership, Texas-based fund reported 149,236 shares. Pinebridge Lp owns 0.01% invested in Cabot Microelectronics Corporation (NASDAQ:CCMP) for 3,141 shares. Federated Investors Inc Pa invested in 36,943 shares or 0.01% of the stock. Sei Invests holds 20,500 shares. Bnp Paribas Arbitrage holds 0% of its portfolio in Cabot Microelectronics Corporation (NASDAQ:CCMP) for 14,150 shares. Cubist Systematic Strategies Ltd Liability Corporation reported 6,076 shares stake. Arrowstreet Cap Partnership holds 0.01% in Cabot Microelectronics Corporation (NASDAQ:CCMP) or 44,519 shares. Amg National Trust Savings Bank accumulated 9,285 shares or 0.05% of the stock. Moreover, 1St Source Retail Bank has 0.02% invested in Cabot Microelectronics Corporation (NASDAQ:CCMP). Riverhead Capital Mgmt Ltd Liability Corporation has invested 0.01% in Cabot Microelectronics Corporation (NASDAQ:CCMP). California Public Employees Retirement System accumulated 79,508 shares. Manufacturers Life Co The invested 0% of its portfolio in Cabot Microelectronics Corporation (NASDAQ:CCMP). Citadel Advisors Limited Liability Corp has invested 0% in Cabot Microelectronics Corporation (NASDAQ:CCMP). Narwhal Capital Mngmt, Georgia-based fund reported 36,785 shares.

Since October 30, 2017, it had 0 buys, and 6 selling transactions for $7.30 million activity. ECKSTEIN BERNSTEIN H CAROL also sold $1.97 million worth of Cabot Microelectronics Corporation (NASDAQ:CCMP) shares. Another trade for 17,000 shares valued at $1.74M was sold by Li David H. HILL RICHARD had sold 15,638 shares worth $1.48 million.

Cabot Microelec (NASDAQ:CCMP) Rating Reaffirmed

Cabot Microelec (NASDAQ:CCMP) just had their share rating of a ‘Buy’ issued by research analysts at Needham, who now has a $110.0 PT on the $2.52 billion market cap company or a 10.00 % upside potential. This key information was disclosed to clients in a research note on Thursday, 9 November.

Investors sentiment decreased to 0.93 in 2017 Q3. Its down 0.88, from 1.81 in 2017Q2. It is negative, 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.

The Massachusetts-based Panagora Asset has invested 0.05% in Cabot Microelectronics Corporation (NASDAQ:CCMP). Carlson Limited Partnership, Texas-based fund reported 149,236 shares. Pinebridge Lp owns 0.01% invested in Cabot Microelectronics Corporation (NASDAQ:CCMP) for 3,141 shares. Federated Investors Inc Pa invested in 36,943 shares or 0.01% of the stock. Sei Invests holds 20,500 shares. Bnp Paribas Arbitrage holds 0% of its portfolio in Cabot Microelectronics Corporation (NASDAQ:CCMP) for 14,150 shares. Cubist Systematic Strategies Ltd Liability Corporation reported 6,076 shares stake. Arrowstreet Cap Partnership holds 0.01% in Cabot Microelectronics Corporation (NASDAQ:CCMP) or 44,519 shares. Amg National Trust Savings Bank accumulated 9,285 shares or 0.05% of the stock. Moreover, 1St Source Retail Bank has 0.02% invested in Cabot Microelectronics Corporation (NASDAQ:CCMP). Riverhead Capital Mgmt Ltd Liability Corporation has invested 0.01% in Cabot Microelectronics Corporation (NASDAQ:CCMP). California Public Employees Retirement System accumulated 79,508 shares. Manufacturers Life Co The invested 0% of its portfolio in Cabot Microelectronics Corporation (NASDAQ:CCMP). Citadel Advisors Limited Liability Corp has invested 0% in Cabot Microelectronics Corporation (NASDAQ:CCMP). Narwhal Capital Mngmt, Georgia-based fund reported 36,785 shares.

Since October 30, 2017, it had 0 buys, and 6 selling transactions for $7.30 million activity. ECKSTEIN BERNSTEIN H CAROL also sold $1.97 million worth of Cabot Microelectronics Corporation (NASDAQ:CCMP) shares. Another trade for 17,000 shares valued at $1.74M was sold by Li David H. HILL RICHARD had sold 15,638 shares worth $1.48 million.

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 has $120.0 highest and $48 lowest target. $109.50’s average target is 9.50% above currents $100 stock price. Cabot Microelectronics had 17 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was maintained by Needham on Thursday, October 19 with “Buy”. The stock of Cabot Microelectronics Corporation (NASDAQ:CCMP) earned “Sell” rating by Zacks on Friday, August 14. The stock has “Neutral” rating by Citigroup on Friday, October 27. Aegis Capital upgraded Cabot Microelectronics Corporation (NASDAQ:CCMP) on Friday, March 17 to “Buy” rating. As per Monday, January 29, the company rating was maintained by Seaport Global. The stock of Cabot Microelectronics Corporation (NASDAQ:CCMP) has “Buy” rating given on Thursday, January 25 by Needham. The stock of Cabot Microelectronics Corporation (NASDAQ:CCMP) has “Buy” rating given on Friday, January 26 by Loop Capital. Loop Capital maintained the shares of CCMP in report on Friday, October 27 with “Buy” rating. The stock of Cabot Microelectronics Corporation (NASDAQ:CCMP) earned “Buy” rating by Needham on Thursday, October 26. Citigroup downgraded Cabot Microelectronics Corporation (NASDAQ:CCMP) on Thursday, February 11 to “Neutral” rating.

The stock decreased 0.26% or $0.26 during the last trading session, reaching $100. About 324,298 shares traded or 72.32% up from the average. Cabot Microelectronics Corporation (NASDAQ:CCMP) has risen 87.31% since February 18, 2017 and is uptrending. It has outperformed by 70.61% the S&P500.

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 $2.52 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 41.49 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: Globenewswire.com which released: “Cabot Microelectronics Corporation Reports Strong Results, Including Record …” on January 25, 2018, also Globenewswire.com with their article: “Cabot Microelectronics Corporation to Participate in the 6th Annual Needham …” published on July 27, 2017, Nasdaq.com published: “Cabot Microelectronics Corp. Reveals Advance In Q1 Profit” on January 25, 2018. More interesting news about Cabot Microelectronics Corporation (NASDAQ:CCMP) were released by: Globenewswire.com and their article: “Cabot Microelectronics Corporation to Participate in the Jefferies …” published on July 27, 2017 as well as Seekingalpha.com‘s news article titled: “Cabot Microelectronics’ (CCMP) CEO David Li on Q4 2017 Results – Earnings Call …” with publication date: October 28, 2017.

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