The WCM Investment Management CA Takes Position in Cabot Microelectronics Corporation (CCMP)

The WCM Investment Management CA Takes Position in Cabot Microelectronics Corporation (CCMP)

WCM Investment Management CA purchased a new position in Cabot Microelectronics Corporation (NASDAQ:CCMP) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,945 shares of the company’s stock, valued at approximately $791,000. WCM Investment Management CA owned about 0.06% of Cabot Microelectronics Corporation as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of CCMP. Public Employees Retirement System of Ohio boosted its stake in shares of Cabot Microelectronics Corporation by 6.2% in the second quarter. Public Employees Retirement System of Ohio now owns 2,501 shares of the company’s stock worth $106,000 after buying an additional 145 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Cabot Microelectronics Corporation by 77.3% in the second quarter. Victory Capital Management Inc. now owns 2,580 shares of the company’s stock worth $109,000 after buying an additional 1,125 shares during the last quarter. PineBridge Investments L.P. boosted its stake in shares of Cabot Microelectronics Corporation by 3.3% in the second quarter. PineBridge Investments L.P. now owns 2,964 shares of the company’s stock worth $125,000 after buying an additional 94 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Cabot Microelectronics Corporation by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 3,417 shares of the company’s stock worth $145,000 after buying an additional 420 shares during the last quarter. Finally, Mason Street Advisors LLC acquired a new stake in shares of Cabot Microelectronics Corporation during the second quarter worth about $196,000. 95.97% of the stock is currently owned by institutional investors.

Shares of Cabot Microelectronics Corporation (NASDAQ:CCMP) traded up 0.79% during midday trading on Wednesday, reaching $63.91. 49,406 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $62.70 and a 200-day moving average of $54.35. Cabot Microelectronics Corporation has a one year low of $34.53 and a one year high of $65.50. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 26.30 and a beta of 1.33.

Cabot Microelectronics Corporation (NASDAQ:CCMP) last posted its quarterly earnings results on Thursday, October 27th. The company reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.20. Cabot Microelectronics Corporation had a net margin of 13.81% and a return on equity of 14.40%. The firm had revenue of $123 million for the quarter, compared to analysts’ expectations of $114.50 million. During the same quarter in the prior year, the company posted $0.50 earnings per share. The business’s revenue for the quarter was up 22.6% on a year-over-year basis. On average, equities research analysts anticipate that Cabot Microelectronics Corporation will post $2.96 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 30th. Stockholders of record on Friday, December 23rd will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Wednesday, December 21st. Cabot Microelectronics Corporation’s payout ratio is 29.75%.

Separately, Aegis began coverage on shares of Cabot Microelectronics Corporation in a report on Wednesday. They set a “hold” rating on the stock.

In related news, insider William S. Johnson sold 38,931 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $54.87, for a total value of $2,136,143.97. Following the sale, the insider now owns 118,157 shares in the company, valued at $6,483,274.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Bernstein H. Carol Eckstein sold 13,268 shares of the firm’s stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $62.52, for a total transaction of $829,515.36. Following the completion of the sale, the vice president now owns 70,987 shares in the company, valued at approximately $4,438,107.24. The disclosure for this sale can be found here. Insiders own 8.20% of the company’s stock.

About Cabot Microelectronics Corporation

Cabot Microelectronics Corporation supplies polishing slurries and pads used in the manufacture of integrated circuit (IC) devices within the semiconductor industry, in a process called chemical mechanical planarization (CMP). The Company is engaged in the development, manufacture and sale of CMP consumables.

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