Cabot Microelectronics Co. (CCMP) Holdings Trimmed by Royce & Associates LP

Cabot Microelectronics Co. (CCMP) Holdings Trimmed by Royce & Associates LP

Royce & Associates LP lessened its holdings in shares of Cabot Microelectronics Co. (NASDAQ:CCMP) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 691,343 shares of the semiconductor company’s stock after selling 32,849 shares during the quarter. Royce & Associates LP owned approximately 2.70% of Cabot Microelectronics worth $65,042,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CCMP. LS Investment Advisors LLC grew its position in shares of Cabot Microelectronics by 93.4% in the fourth quarter. LS Investment Advisors LLC now owns 1,663 shares of the semiconductor company’s stock valued at $156,000 after purchasing an additional 803 shares during the last quarter. Schroder Investment Management Group acquired a new position in shares of Cabot Microelectronics in the fourth quarter valued at approximately $198,000. Ameritas Investment Partners Inc. grew its position in shares of Cabot Microelectronics by 17.0% in the second quarter. Ameritas Investment Partners Inc. now owns 2,232 shares of the semiconductor company’s stock valued at $164,000 after purchasing an additional 324 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of Cabot Microelectronics by 87.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 2,246 shares of the semiconductor company’s stock valued at $157,000 after purchasing an additional 1,048 shares during the last quarter. Finally, Shelton Capital Management acquired a new position in shares of Cabot Microelectronics in the fourth quarter valued at approximately $214,000. 92.93% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Cabot Microelectronics Co. (NASDAQ CCMP) opened at $100.00 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.53 and a quick ratio of 5.71. The stock has a market capitalization of $2,560.90, a P/E ratio of 26.11 and a beta of 1.46. Cabot Microelectronics Co. has a 12 month low of $68.00 and a 12 month high of $105.69.

Cabot Microelectronics (NASDAQ:CCMP) last issued its quarterly earnings results on Thursday, January 25th. The semiconductor company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.17. The business had revenue of $140.00 million during the quarter, compared to analysts’ expectations of $137.90 million. Cabot Microelectronics had a return on equity of 16.99% and a net margin of 11.74%. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.92 earnings per share. research analysts predict that Cabot Microelectronics Co. will post 4.71 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 30th. Investors of record on Friday, December 22nd were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Thursday, December 21st. Cabot Microelectronics’s dividend payout ratio (DPR) is currently 33.47%.

In other Cabot Microelectronics news, VP Bernstein H. Carol Eckstein sold 905 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $91.94, for a total transaction of $83,205.70. Following the completion of the sale, the vice president now directly owns 54,150 shares in the company, valued at $4,978,551. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Bernstein H. Carol Eckstein sold 19,425 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $101.51, for a total value of $1,971,831.75. Following the sale, the vice president now owns 57,487 shares of the company’s stock, valued at $5,835,505.37. The disclosure for this sale can be found here. Over the last quarter, insiders sold 70,992 shares of company stock valued at $7,091,595. 3.30% of the stock is currently owned by corporate insiders.

Several research firms have recently commented on CCMP. Zacks Investment Research raised Cabot Microelectronics from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a research report on Thursday, February 1st. Seaport Global Securities reaffirmed a “buy” rating and issued a $112.00 target price on shares of Cabot Microelectronics in a research report on Monday, January 29th. Loop Capital upped their target price on Cabot Microelectronics from $108.00 to $112.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 target price (up previously from $110.00) on shares of Cabot Microelectronics in a research report on Friday, January 26th. Finally, BidaskClub raised Cabot Microelectronics from a “hold” rating to a “buy” rating in a research report on Friday, January 5th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $110.40.

ILLEGAL ACTIVITY NOTICE: This story was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this story can be read at https://www.dispatchtribunal.com/2018/02/18/cabot-microelectronics-co-ccmp-holdings-trimmed-by-royce-associates-lp.html.

Cabot Microelectronics 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.

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

Receive News & Ratings for Cabot Microelectronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cabot Microelectronics and related companies with MarketBeat.com's FREE daily email newsletter.

Royce & Associates LP cut its holdings in shares of Cabot Microelectronics Co. (NASDAQ:CCMP) by 4.5% in the 4th quarter, Holdings Channel reports. The firm owned 691,343 shares of the semiconductor company’s stock after selling 32,849 shares during the period. Royce & Associates LP’s holdings in Cabot Microelectronics were worth $65,042,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Advisor Group Inc. lifted its stake in shares of Cabot Microelectronics by 4.5% in the 2nd quarter. Advisor Group Inc. now owns 2,329 shares of the semiconductor company’s stock valued at $172,000 after acquiring an additional 100 shares during the last quarter. Cornerstone Capital Management Holdings LLC. lifted its stake in shares of Cabot Microelectronics by 2.5% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 8,080 shares of the semiconductor company’s stock valued at $595,000 after acquiring an additional 200 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in shares of Cabot Microelectronics by 17.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,232 shares of the semiconductor company’s stock valued at $164,000 after acquiring an additional 324 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Cabot Microelectronics by 2.7% in the 3rd quarter. Sei Investments Co. now owns 20,500 shares of the semiconductor company’s stock valued at $1,639,000 after acquiring an additional 532 shares during the last quarter. Finally, Aperio Group LLC lifted its stake in shares of Cabot Microelectronics by 7.8% in the 4th quarter. Aperio Group LLC now owns 8,158 shares of the semiconductor company’s stock valued at $768,000 after acquiring an additional 587 shares during the last quarter. Hedge funds and other institutional investors own 92.93% of the company’s stock.

Shares of Cabot Microelectronics Co. (NASDAQ:CCMP) opened at $100.00 on Friday. The firm has a market capitalization of $2,560.90, a price-to-earnings ratio of 26.11 and a beta of 1.46. Cabot Microelectronics Co. has a 1-year low of $68.00 and a 1-year high of $105.69. The company has a quick ratio of 5.71, a current ratio of 6.53 and a debt-to-equity ratio of 0.21.

Cabot Microelectronics (NASDAQ:CCMP) last posted its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $1.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.17. The business had revenue of $140.00 million during the quarter, compared to the consensus estimate of $137.90 million. Cabot Microelectronics had a return on equity of 16.99% and a net margin of 11.74%. Cabot Microelectronics’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 earnings per share. equities analysts anticipate that Cabot Microelectronics Co. will post 4.71 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 30th. Investors of record on Friday, December 22nd were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, December 21st. This represents a $0.80 dividend on an annualized basis and a yield of 0.80%. Cabot Microelectronics’s payout ratio is 33.47%.

In related news, VP Bernstein H. Carol Eckstein sold 19,425 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $101.51, for a total value of $1,971,831.75. Following the completion of the sale, the vice president now directly owns 57,487 shares in the company, valued at $5,835,505.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Lisa A. Polezoes sold 5,745 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $102.08, for a total value of $586,449.60. Following the completion of the sale, the vice president now owns 9,694 shares of the company’s stock, valued at $989,563.52. The disclosure for this sale can be found here. Insiders sold 70,992 shares of company stock valued at $7,091,595 over the last 90 days. 3.30% of the stock is currently owned by company insiders.

A number of brokerages have recently commented on CCMP. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price target (up from $110.00) on shares of Cabot Microelectronics in a research note on Friday, January 26th. Zacks Investment Research upgraded Cabot Microelectronics from a “hold” rating to a “buy” rating and set a $114.00 price target for the company in a research note on Thursday, February 1st. Seaport Global Securities reiterated a “buy” rating and issued a $112.00 price target on shares of Cabot Microelectronics in a research note on Monday, January 29th. Loop Capital increased their price target on Cabot Microelectronics from $94.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Finally, BidaskClub cut Cabot Microelectronics from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Cabot Microelectronics currently has an average rating of “Buy” and an average price target of $110.40.

ILLEGAL ACTIVITY NOTICE: “Cabot Microelectronics Co. (CCMP) Holdings Trimmed by Royce & Associates LP” was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this news story on another website, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this news story can be accessed at https://www.dispatchtribunal.com/2018/02/18/cabot-microelectronics-co-ccmp-holdings-trimmed-by-royce-associates-lp.html.

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.

Want to see what other hedge funds are holding CCMP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cabot Microelectronics Co. (NASDAQ:CCMP).

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

Receive News & Ratings for Cabot Microelectronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cabot Microelectronics and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply