Cabot Microelectronics Co. (NASDAQ:CCMP) Holdings Raised by Legal & General Group Plc

Legal & General Group Plc grew its holdings in shares of Cabot Microelectronics Co. (NASDAQ:CCMP) by 3.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,156 shares of the semiconductor company’s stock after buying an additional 1,513 shares during the period. Legal & General Group Plc owned 0.20% of Cabot Microelectronics worth $4,007,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Alps Advisors Inc. lifted its stake in Cabot Microelectronics by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 6,872 shares of the semiconductor company’s stock valued at $507,000 after acquiring an additional 18 shares during the period. BB&T Securities LLC increased its position in shares of Cabot Microelectronics by 0.6% during the 2nd quarter. BB&T Securities LLC now owns 8,468 shares of the semiconductor company’s stock valued at $625,000 after purchasing an additional 48 shares during the last quarter. Advisor Group Inc. increased its position in shares of Cabot Microelectronics by 4.5% during the 2nd quarter. Advisor Group Inc. now owns 2,329 shares of the semiconductor company’s stock valued at $172,000 after purchasing an additional 100 shares during the last quarter. Arizona State Retirement System increased its position in shares of Cabot Microelectronics by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 13,157 shares of the semiconductor company’s stock valued at $971,000 after purchasing an additional 100 shares during the last quarter. Finally, Stifel Financial Corp increased its position in shares of Cabot Microelectronics by 0.8% during the 2nd quarter. Stifel Financial Corp now owns 19,018 shares of the semiconductor company’s stock valued at $1,404,000 after purchasing an additional 147 shares during the last quarter. Hedge funds and other institutional investors own 93.08% of the company’s stock.

Several equities research analysts recently issued reports on CCMP shares. BidaskClub raised shares of Cabot Microelectronics from a “hold” rating to a “buy” rating in a report on Friday, January 5th. Zacks Investment Research lowered shares of Cabot Microelectronics from a “strong-buy” rating to a “hold” rating in a report on Monday, January 1st. Loop Capital increased their target price on shares of Cabot Microelectronics from $94.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Citigroup increased their price objective on shares of Cabot Microelectronics from $80.00 to $94.00 and gave the company a “neutral” rating in a report on Friday, October 27th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $85.00 price objective on shares of Cabot Microelectronics in a report on Tuesday, September 19th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $99.75.

Cabot Microelectronics Co. (CCMP) traded up $0.23 during midday trading on Friday, hitting $98.16. The stock had a trading volume of 84,576 shares, compared to its average volume of 176,919. The company has a quick ratio of 5.25, a current ratio of 6.04 and a debt-to-equity ratio of 0.22. The company has a market cap of $2,490.00, a P/E ratio of 29.04 and a beta of 1.43. Cabot Microelectronics Co. has a 52-week low of $62.88 and a 52-week high of $102.92.

Cabot Microelectronics (NASDAQ:CCMP) last issued its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.20. The company had revenue of $136.80 million during the quarter, compared to the consensus estimate of $132.18 million. Cabot Microelectronics had a return on equity of 16.27% and a net margin of 17.10%. Cabot Microelectronics’s revenue was up 11.5% on a year-over-year basis. During the same period last year, the company earned $0.91 earnings per share. equities analysts expect that Cabot Microelectronics Co. will post 4.14 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 30th. Investors of record on Friday, December 22nd will be given a $0.20 dividend. The ex-dividend date is Thursday, December 21st. This represents a $0.80 dividend on an annualized basis and a yield of 0.81%. Cabot Microelectronics’s dividend payout ratio is presently 23.67%.

In other news, VP Daniel D. Woodland sold 8,567 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $93.40, for a total transaction of $800,157.80. Following the transaction, the vice president now owns 15,404 shares in the company, valued at $1,438,733.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Bernstein H. Carol Eckstein sold 905 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $91.94, for a total value of $83,205.70. Following the transaction, the vice president now owns 54,150 shares in the company, valued at approximately $4,978,551. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 73,699 shares of company stock valued at $7,111,751. 5.50% of the stock is owned by corporate insiders.

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Cabot Microelectronics 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.

Institutional Ownership by Quarter for Cabot Microelectronics (NASDAQ:CCMP)

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