Today it was reported that the VP & Chief Technology Officer of Cabot Microelectronics Corporation (CCMP), Ananth Naman, exercised options to sell 26,934 CCMP shares at $49.61 a share, for a total transaction value of $2.58M.
In addition to Ananth Naman, 2 other CCMP executives reported Sell trades in the last month.
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Based on Cabot Microelectronics Corporation’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $157 million and quarterly net profit of $48.17 million. In comparison, last year the company earned revenue of $137 million and had a net profit of $26.44 million. CCMP’s market cap is $2.42B and the company has a P/E ratio of 22.59. Currently, Cabot Microelectronics Corporation has an average volume of 30.58K.
The insider sentiment on Cabot Microelectronics Corporation has been negative according to 51 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Ananth Naman’s trades have generated a -13.7% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Cabot Microelectronics Corp. engages in the development, manufacture, and sale of chemical mechanical planarization consumables products. The firm offers chemical mechanical planarization slurries for polishing many of the conducting, insulating and isolating materials used in integrated circuit devices, and for polishing the disk substrates and magnetic heads used in hard disk drives. It also develops, manufactures and sells chemical mechanical planarization polishing pads, which are used in conjunction with slurries in the chemical mechanical planarization process. The company was founded by William P. Noglows in October 1999 and is headquartered in Aurora, IL.
