Cabot Microelectronics Corp. (CCMP)

1.30 1.15
NASDAQ : Process Industries
Prev Close 113.03
Open 113.29
Day Low/High 111.27 / 114.68
52 Wk Low/High 68.00 / 115.10
Volume 85.46K
Avg Volume 176.10K
Exchange NASDAQ
Shares Outstanding 25.61M
Market Cap 2.90B
EPS 3.50
P/E Ratio 47.17
Div & Yield 1.60 (0.71%)

Latest News

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

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: B (Buy)