Rhumbline Advisers boosted its stake in shares of Cabot Microelectronics Corporation (NASDAQ:CCMP) by 5.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,539 shares of the company’s stock after buying an additional 1,900 shares during the period. Rhumbline Advisers owned approximately 0.15% of Cabot Microelectronics Corporation worth $1,986,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCMP. Deprince Race & Zollo Inc. purchased a new stake in Cabot Microelectronics Corporation during the second quarter worth $25,854,000. Royce & Associates LP increased its stake in Cabot Microelectronics Corporation by 7.8% in the second quarter. Royce & Associates LP now owns 1,004,145 shares of the company’s stock worth $42,515,000 after buying an additional 72,900 shares in the last quarter. BlackRock Fund Advisors increased its stake in Cabot Microelectronics Corporation by 9.0% in the third quarter. BlackRock Fund Advisors now owns 1,678,455 shares of the company’s stock worth $88,807,000 after buying an additional 137,967 shares in the last quarter. Nuance Investments LLC increased its stake in Cabot Microelectronics Corporation by 505.8% in the second quarter. Nuance Investments LLC now owns 569,953 shares of the company’s stock worth $24,132,000 after buying an additional 475,875 shares in the last quarter. Finally, Mondrian Investment Partners LTD purchased a new stake in Cabot Microelectronics Corporation during the third quarter worth $1,899,000. 95.79% of the stock is owned by institutional investors.
Cabot Microelectronics Corporation (NASDAQ:CCMP) traded up 0.78% during trading on Friday, hitting $68.68. The company’s stock had a trading volume of 144,457 shares. The firm has a market cap of $1.66 billion, a P/E ratio of 28.26 and a beta of 1.33. The firm has a 50 day moving average of $63.38 and a 200 day moving average of $55.04. Cabot Microelectronics Corporation has a 12 month low of $34.53 and a 12 month high of $69.32.
Cabot Microelectronics Corporation (NASDAQ:CCMP) last released its earnings results on Thursday, January 26th. The company reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.19. The company earned $123.30 million during the quarter, compared to the consensus estimate of $114.63 million. Cabot Microelectronics Corporation had a return on equity of 14.40% and a net margin of 13.81%. Cabot Microelectronics Corporation’s quarterly revenue was up 22.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS. Equities research analysts predict that Cabot Microelectronics Corporation will post $3.01 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 30th. Investors of record on Friday, December 23rd will be given a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, December 21st. This represents a $0.72 dividend on an annualized basis and a yield of 1.06%. Cabot Microelectronics Corporation’s payout ratio is 29.75%.
Separately, Aegis assumed coverage on shares of Cabot Microelectronics Corporation in a research report on Wednesday, January 18th. They set a “hold” rating for the company.
In other Cabot Microelectronics Corporation news, VP Daniel D. Woodland sold 8,400 shares of Cabot Microelectronics Corporation stock in a transaction that occurred on Monday, December 5th. The stock was sold at an average price of $59.75, for a total value of $501,900.00. Following the transaction, the vice president now directly owns 11,533 shares of the company’s stock, valued at approximately $689,096.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Bernstein H. Carol Eckstein sold 13,268 shares of Cabot Microelectronics Corporation stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $62.52, for a total value of $829,515.36. Following the completion of the transaction, the vice president now directly owns 70,987 shares in the company, valued at $4,438,107.24. The disclosure for this sale can be found here. Insiders sold a total of 164,987 shares of company stock valued at $9,383,732 in the last 90 days. 8.20% of the stock is currently owned by corporate insiders.
Cabot Microelectronics Corporation Company Profile
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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