Cabot Microelectronics Corp. (CCMP)

100.02
NASDAQ : Process Industries
Prev Close 102.52
Day Low/High 99.11 / 101.20
52 Wk Low/High 82.24 / 129.94
Avg Volume 284.80K
Exchange NASDAQ
Shares Outstanding 29.06M
Market Cap 2.98B
EPS 4.30
P/E Ratio 22.34
Div & Yield 1.68 (1.56%)

Latest News

Cabot Microelectronics Reaches Analyst Target Price

In recent trading, shares of Cabot Microelectronics Corp have crossed above the average analyst 12-month target price of $100.75, changing hands for $104.63/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.

CCMP Crosses Above Average Analyst Target

CCMP Crosses Above Average Analyst Target

In recent trading, shares of Cabot Microelectronics Corp have crossed above the average analyst 12-month target price of $100.75, changing hands for $102.58/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.

How To YieldBoost CCMP To 6.9% Using Options

How To YieldBoost CCMP To 6.9% Using Options

Shareholders of Cabot Microelectronics Corp looking to boost their income beyond the stock's 0.8% annualized dividend yield can sell the July 2018 covered call at the $110 strike and collect the premium based on the $3.80 bid, which annualizes to an additional 6.1% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 6.9% annualized rate in the scenario where the stock is not called away. Any upside above $110 would be lost if the stock rises there and is called away, but CCMP shares would have to advance 12.4% from current levels for that to happen, meaning that in the scenario where the stock is called, the shareholder has earned a 16.3% return from this trading level, in addition to any dividends collected before the stock was called.

TheStreet Quant Rating: A (Buy)