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Shares of CMC Materials, Inc. (NASDAQ:CCMP) have earned an average recommendation of "Hold" from the ten research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $185.40.

Several equities research analysts recently weighed in on the company. Mizuho boosted their target price on CMC Materials from $152.00 to $155.00 and gave the stock a "buy" rating in a report on Friday, November 12th. Loop Capital lowered their price objective on CMC Materials from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Monday, October 25th. Seaport Res Ptn cut CMC Materials from a "buy" rating to a "neutral" rating in a research report on Thursday, December 16th. Wolfe Research upgraded CMC Materials from an "underperform" rating to a "market perform" rating in a research report on Wednesday, September 15th. Finally, Seaport Global Securities cut CMC Materials from a "buy" rating to a "neutral" rating in a research report on Thursday, December 16th.

CCMP stock opened at $189.98 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.76 and a current ratio of 2.60. The stock has a market capitalization of $5.40 billion, a price-to-earnings ratio of -79.82 and a beta of 1.10. CMC Materials has a 1 year low of $119.19 and a 1 year high of $198.60. The stock's fifty day moving average is $144.60 and its two-hundred day moving average is $138.74.

CMC Materials (NASDAQ:CCMP) last released its earnings results on Wednesday, November 10th. The semiconductor company reported $1.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.79 by ($0.17). CMC Materials had a positive return on equity of 21.39% and a negative net margin of 5.72%. During the same period last year, the business earned $1.96 EPS. As a group, analysts predict that CMC Materials will post 7.45 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 28th. Investors of record on Wednesday, December 22nd will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Tuesday, December 21st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.97%. CMC Materials's payout ratio is presently -77.31%.

In related news, VP Jeffrey Michael Dysard sold 11,059 shares of the stock in a transaction that occurred on Monday, December 20th. The stock was sold at an average price of $184.60, for a total transaction of $2,041,491.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David H. Li sold 20,150 shares of the firm's stock in a transaction that occurred on Monday, December 20th. The shares were sold at an average price of $184.40, for a total value of $3,715,660.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,847 shares of company stock valued at $10,876,538. 2.40% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. State Street Corp increased its stake in CMC Materials by 1.4% during the 2nd quarter. State Street Corp now owns 883,489 shares of the semiconductor company's stock worth $133,589,000 after acquiring an additional 12,363 shares during the period. Narwhal Capital Management lifted its holdings in CMC Materials by 9.1% during the 3rd quarter. Narwhal Capital Management now owns 78,989 shares of the semiconductor company's stock worth $9,734,000 after buying an additional 6,571 shares during the period. Marks Group Wealth Management Inc lifted its holdings in CMC Materials by 8.9% during the 2nd quarter. Marks Group Wealth Management Inc now owns 36,057 shares of the semiconductor company's stock worth $5,434,000 after buying an additional 2,942 shares during the period. Psagot Investment House Ltd. acquired a new position in CMC Materials during the 2nd quarter worth about $1,035,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in CMC Materials during the 2nd quarter worth about $2,774,000. Hedge funds and other institutional investors own 94.76% of the company's stock.

CMC Materials, Inc engages in the development, manufacture, and sale of chemical mechanical planarization consumables products. It operates through the following segments: Electronic Materials and Performance Material. The Electronic Materials segment consists of CMP slurries and polishing pads businesses and KMG electronic chemicals business.

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