Ramsey Quantitative Systems decreased its holdings in Cabot Microelectronics Co. (NASDAQ:CCMP) by 15.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,693 shares of the semiconductor company’s stock after selling 667 shares during the period. Cabot Microelectronics accounts for approximately 0.4% of Ramsey Quantitative Systems’ holdings, making the stock its 27th biggest holding. Ramsey Quantitative Systems’ holdings in Cabot Microelectronics were worth $347,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. LS Investment Advisors LLC lifted its holdings in shares of Cabot Microelectronics by 93.4% in the 4th quarter. LS Investment Advisors LLC now owns 1,663 shares of the semiconductor company’s stock valued at $156,000 after acquiring an additional 803 shares during the last quarter. Schroder Investment Management Group bought a new position in shares of Cabot Microelectronics in the 4th quarter valued at about $198,000. Ameritas Investment Partners Inc. lifted its holdings 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. DekaBank Deutsche Girozentrale lifted its holdings in shares of Cabot Microelectronics by 87.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,246 shares of the semiconductor company’s stock valued at $157,000 after acquiring an additional 1,048 shares during the last quarter. Finally, Shelton Capital Management bought a new position in shares of Cabot Microelectronics in the 4th quarter valued at about $214,000. 92.95% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have issued reports on CCMP. Seaport Global Securities reissued a “buy” rating and issued a $112.00 price objective on shares of Cabot Microelectronics in a research note on Monday, January 29th. Needham & Company LLC reissued a “buy” rating and issued a $120.00 price objective (up previously from $110.00) on shares of Cabot Microelectronics in a research note on Friday, January 26th. BidaskClub raised shares of Cabot Microelectronics from a “hold” rating to a “buy” rating in a research note on Friday, January 5th. Zacks Investment Research raised shares of Cabot Microelectronics from a “hold” rating to a “buy” rating and set a $114.00 price objective for the company in a research note on Thursday, February 1st. Finally, Citigroup raised their price objective on shares of Cabot Microelectronics from $80.00 to $94.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $110.40.
In other news, Director William P. Noglows sold 17,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $98.86, for a total transaction of $1,680,620.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Bernstein H. Carol Eckstein sold 905 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 54,150 shares in the company, valued at $4,978,551. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 62,897 shares of company stock worth $6,272,025. Corporate insiders own 3.30% of the company’s stock.
Shares of Cabot Microelectronics Co. (CCMP) opened at $100.60 on Thursday. 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 cap of $2,626.98, a PE ratio of 42.09 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 announced its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $1.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 net margin of 11.74% and a return on equity of 16.99%. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.92 earnings per share. equities analysts forecast that Cabot Microelectronics Co. will post 4.71 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 30th. Stockholders of record on Friday, December 22nd were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis 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 presently 33.47%.
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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.
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