Two Sigma Advisers LP lessened its holdings in shares of Cabot Microelectronics Co. (NASDAQ:CCMP) by 17.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 127,992 shares of the semiconductor company’s stock after selling 26,300 shares during the quarter. Two Sigma Advisers LP’s holdings in Cabot Microelectronics were worth $12,041,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Sei Investments Co. boosted its stake in Cabot Microelectronics by 2.7% during the 3rd quarter. Sei Investments Co. now owns 20,500 shares of the semiconductor company’s stock worth $1,639,000 after purchasing an additional 532 shares during the last quarter. Aperio Group LLC boosted its stake in Cabot Microelectronics by 7.8% during the 4th quarter. Aperio Group LLC now owns 8,158 shares of the semiconductor company’s stock worth $768,000 after purchasing an additional 587 shares during the last quarter. Profund Advisors LLC boosted its stake in Cabot Microelectronics by 17.5% during the 4th quarter. Profund Advisors LLC now owns 3,940 shares of the semiconductor company’s stock worth $371,000 after purchasing an additional 588 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Cabot Microelectronics by 5.8% during the 4th quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the semiconductor company’s stock worth $1,025,000 after purchasing an additional 600 shares during the last quarter. Finally, Mckinley Capital Management LLC Delaware boosted its stake in Cabot Microelectronics by 1.5% during the 3rd quarter. Mckinley Capital Management LLC Delaware now owns 52,576 shares of the semiconductor company’s stock worth $4,202,000 after purchasing an additional 800 shares during the last quarter. 95.11% of the stock is currently owned by institutional investors.
Several equities research analysts have issued reports on CCMP shares. Zacks Investment Research cut shares of Cabot Microelectronics from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 1st. BidaskClub cut shares of Cabot Microelectronics from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Loop Capital lifted their price target on Cabot Microelectronics from $108.00 to $112.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Needham & Company LLC reiterated a “buy” rating and set a $120.00 price target (up previously from $110.00) on shares of Cabot Microelectronics in a report on Friday, January 26th. Finally, Seaport Global Securities reiterated a “buy” rating and set a $112.00 price target on shares of Cabot Microelectronics in a report on Monday, January 29th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Cabot Microelectronics has an average rating of “Buy” and a consensus price target of $110.40.
CCMP stock opened at $108.05 on Friday. Cabot Microelectronics Co. has a fifty-two week low of $68.00 and a fifty-two week high of $115.94. The company has a current ratio of 6.53, a quick ratio of 5.71 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2,855.15, a price-to-earnings ratio of 29.11 and a beta of 1.41.
Cabot Microelectronics (NASDAQ:CCMP) last posted its quarterly earnings results on Thursday, January 25th. The semiconductor company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.02 by $0.17. Cabot Microelectronics had a return on equity of 16.99% and a net margin of 11.74%. The business had revenue of $140.00 million for the quarter, compared to analyst estimates of $137.90 million. During the same quarter in the previous year, the firm earned $0.92 EPS. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. research analysts expect that Cabot Microelectronics Co. will post 4.71 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, March 23rd will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Thursday, March 22nd. This is a positive change from Cabot Microelectronics’s previous quarterly dividend of $0.20. Cabot Microelectronics’s payout ratio is currently 66.95%.
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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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