Skandinaviska Enskilda Banken AB publ Takes Position in Cabot Microelectronics Co. (NASDAQ:CCMP)

Share on StockTwits

Skandinaviska Enskilda Banken AB publ purchased a new stake in Cabot Microelectronics Co. (NASDAQ:CCMP) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,000 shares of the semiconductor company’s stock, valued at approximately $220,000.

Several other hedge funds also recently modified their holdings of CCMP. Bremer Bank National Association acquired a new stake in shares of Cabot Microelectronics in the first quarter valued at about $32,000. Huntington National Bank boosted its position in shares of Cabot Microelectronics by 81.1% during the 2nd quarter. Huntington National Bank now owns 306 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 137 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of Cabot Microelectronics by 121.2% during the 1st quarter. Quadrant Capital Group LLC now owns 427 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 234 shares in the last quarter. Penserra Capital Management LLC bought a new stake in shares of Cabot Microelectronics during the 1st quarter valued at about $91,000. Finally, Systematic Financial Management LP bought a new stake in shares of Cabot Microelectronics during the 1st quarter valued at about $179,000. 98.91% of the stock is owned by institutional investors.

CCMP has been the topic of several research analyst reports. CL King initiated coverage on Cabot Microelectronics in a research report on Monday, July 8th. They set a “buy” rating and a $125.00 target price on the stock. Seaport Global Securities restated a “buy” rating on shares of Cabot Microelectronics in a research report on Wednesday, August 7th. Zacks Investment Research lowered Cabot Microelectronics from a “hold” rating to a “sell” rating in a research report on Wednesday, August 14th. Goldman Sachs Group initiated coverage on Cabot Microelectronics in a research report on Monday, July 8th. They set a “buy” rating and a $148.00 target price on the stock. Finally, BidaskClub upgraded Cabot Microelectronics from a “hold” rating to a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $129.20.

Shares of Cabot Microelectronics stock traded up $0.39 on Friday, hitting $130.04. 112,379 shares of the company’s stock traded hands, compared to its average volume of 166,208. Cabot Microelectronics Co. has a one year low of $82.24 and a one year high of $132.29. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.06 and a quick ratio of 2.12. The company has a fifty day moving average of $119.95 and a two-hundred day moving average of $113.94. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 24.91 and a beta of 1.37.

Cabot Microelectronics (NASDAQ:CCMP) last announced its earnings results on Wednesday, August 7th. The semiconductor company reported $1.59 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.01). The business had revenue of $271.88 million for the quarter, compared to the consensus estimate of $266.80 million. Cabot Microelectronics had a net margin of 11.76% and a return on equity of 21.77%. Equities research analysts anticipate that Cabot Microelectronics Co. will post 6.68 earnings per share for the current year.

In other Cabot Microelectronics news, Director Barbara A. Klein sold 3,000 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $108.28, for a total value of $324,840.00. Following the transaction, the director now owns 26,104 shares in the company, valued at $2,826,541.12. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Daniel D. Woodland sold 3,137 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $114.11, for a total value of $357,963.07. Following the completion of the transaction, the vice president now owns 15,422 shares in the company, valued at approximately $1,759,804.42. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,758 shares of company stock worth $4,458,015. Corporate insiders own 2.20% of the company’s stock.

Cabot Microelectronics Company Profile

Cabot Microelectronics Corp. engages in the development, manufacture, and sale of chemical mechanical planarization consumables products. The firm offers chemical mechanical planarization slurries for polishing many of the conducting, insulating and isolating materials used in integrated circuit devices, and for polishing the disk substrates and magnetic heads used in hard disk drives.

Read More: Certificate of Deposit (CD) For Risk Adverse Investors?

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.



Latest News

Thomson Reuters Corp  Shares Sold by Pictet Asset Management Ltd.
Thomson Reuters Corp Shares Sold by Pictet Asset Management Ltd.
Universal Display Co.  Shares Sold by Pictet Asset Management Ltd.
Universal Display Co. Shares Sold by Pictet Asset Management Ltd.
Pictet Asset Management Ltd. Increases Position in Mosaic Co
Pictet Asset Management Ltd. Increases Position in Mosaic Co
Pictet Asset Management Ltd. Has $4.55 Million Position in NRG Energy Inc
Pictet Asset Management Ltd. Has $4.55 Million Position in NRG Energy Inc
Pictet Asset Management Ltd. Has $4.39 Million Position in Open Text Corp
Pictet Asset Management Ltd. Has $4.39 Million Position in Open Text Corp
Pictet Asset Management Ltd. Buys 4,800 Shares of Tableau Software Inc
Pictet Asset Management Ltd. Buys 4,800 Shares of Tableau Software Inc


© 2006-2019 Ticker Report