The VP, Sec & General Counsel of Cabot Microelectronics Corporation (NASDAQ: CCMP) is Selling Shares

By Carrie Williams

Today, the VP, Sec & General Counsel of Cabot Microelectronics Corporation (NASDAQ: CCMP), Bernstein Carol Eckstein, sold shares of CCMP for $505.5K.

Following Bernstein Carol Eckstein’s last CCMP Sell transaction on February 01, 2018, the stock climbed by 9.9%. In addition to Bernstein Carol Eckstein, 3 other CCMP executives reported Sell trades in the last month.

Based on Cabot Microelectronics Corporation’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $140 million and GAAP net loss of $3.07 million. In comparison, last year the company earned revenue of $123 million and had a net profit of $22.13 million. The company has a one-year high of $115.10 and a one-year low of $68. CCMP’s market cap is $2.86B and the company has a P/E ratio of 46.92.

The insider sentiment on Cabot Microelectronics Corporation has been negative according to 61 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Cabot Microelectronics Corp. engages in the development, manufacture, and sale of chemical mechanical planarization consumables products. The firm develops, produces and sells 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.