Victory Capital Management Inc. boosted its position in shares of Cabot Microelectronics Corp. (NASDAQ:CCMP) by 77.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,580 shares of the company’s stock after buying an additional 1,125 shares during the period. Victory Capital Management Inc.’s holdings in Cabot Microelectronics Corp. were worth $109,000 as of its most recent filing with the SEC.
Other hedge funds have also recently made changes to their positions in the company. Capstone Asset Management Co. boosted its stake in Cabot Microelectronics Corp. by 2.1% in the second quarter. Capstone Asset Management Co. now owns 7,466 shares of the company’s stock worth $316,000 after buying an additional 150 shares during the last quarter. BB&T Securities LLC boosted its stake in Cabot Microelectronics Corp. by 2.3% in the second quarter. BB&T Securities LLC now owns 7,888 shares of the company’s stock worth $333,000 after buying an additional 177 shares during the last quarter. UBS Group AG boosted its stake in Cabot Microelectronics Corp. by 1.0% in the first quarter. UBS Group AG now owns 36,812 shares of the company’s stock worth $1,506,000 after buying an additional 377 shares during the last quarter. AMP Capital Investors Ltd boosted its stake in Cabot Microelectronics Corp. by 10.2% in the first quarter. AMP Capital Investors Ltd now owns 8,800 shares of the company’s stock worth $364,000 after buying an additional 817 shares during the last quarter. Finally, Strs Ohio boosted its stake in Cabot Microelectronics Corp. by 8.2% in the second quarter. Strs Ohio now owns 13,200 shares of the company’s stock worth $558,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 97.23% of the company’s stock.
Shares of Cabot Microelectronics Corp. (NASDAQ:CCMP) traded down 0.07% during trading on Friday, hitting $53.87. 75,447 shares of the stock traded hands. The firm has a market cap of $1.29 billion, a P/E ratio of 25.65 and a beta of 1.29. The company has a 50-day moving average of $51.05 and a 200-day moving average of $45.45. Cabot Microelectronics Corp. has a 52 week low of $34.53 and a 52 week high of $54.08.
Cabot Microelectronics Corp. (NASDAQ:CCMP) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.23. The company had revenue of $108.20 million for the quarter, compared to analysts’ expectations of $106.73 million. Cabot Microelectronics Corp. had a return on equity of 12.66% and a net margin of 12.56%. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.46 earnings per share. On average, analysts forecast that Cabot Microelectronics Corp. will post $2.47 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Monday, October 3rd will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Thursday, September 29th. Cabot Microelectronics Corp.’s dividend payout ratio (DPR) is currently 34.45%.
Separately, Zacks Investment Research raised shares of Cabot Microelectronics Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, June 21st.
In related news, VP Daniel J. Pike sold 975 shares of Cabot Microelectronics Corp. stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $50.01, for a total value of $48,759.75. Following the transaction, the vice president now directly owns 72,261 shares of the company’s stock, valued at $3,613,772.61. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Yumiko Damashek sold 2,888 shares of Cabot Microelectronics Corp. stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $50.70, for a total value of $146,421.60. Following the completion of the transaction, the vice president now directly owns 32,630 shares in the company, valued at $1,654,341. The disclosure for this sale can be found here. Insiders own 8.20% of the company’s stock.
Cabot Microelectronics Corp. Company Profile
Cabot Microelectronics Corporation is a supplier of polishing slurries and a growing polishing pad supplier used in the manufacture of advanced integrated circuit (IC) devices within the semiconductor industry, in a process called chemical mechanical planarization (CMP). The Company is into the development, manufacture and sale of CMP consumables products.
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