Cabot Microelectronics Corp. (CCMP) Shares Bought by First Trust Advisors LP
First Trust Advisors LP raised its stake in Cabot Microelectronics Corp. (NASDAQ:CCMP) by 22.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 22,685 shares of the company’s stock after buying an additional 4,126 shares during the period. First Trust Advisors LP owned about 0.09% of Cabot Microelectronics Corp. worth $960,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of CCMP. Goldman Sachs Group Inc. boosted its position in Cabot Microelectronics Corp. by 1.9% in the first quarter. Goldman Sachs Group Inc. now owns 698,130 shares of the company’s stock valued at $28,560,000 after buying an additional 13,327 shares in the last quarter. UBS Group AG boosted its position in Cabot Microelectronics Corp. by 1.0% in the first quarter. UBS Group AG now owns 36,812 shares of the company’s stock valued at $1,506,000 after buying an additional 377 shares in the last quarter. Deprince Race & Zollo Inc. acquired a new position in Cabot Microelectronics Corp. during the second quarter valued at $25,854,000. Bank of Montreal Can acquired a new position in Cabot Microelectronics Corp. during the second quarter valued at $102,000. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its position in Cabot Microelectronics Corp. by 80.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 8,440 shares of the company’s stock valued at $345,000 after buying an additional 3,760 shares in the last quarter. 97.23% of the stock is owned by institutional investors and hedge funds.
Cabot Microelectronics Corp. (NASDAQ:CCMP) traded up 1.40% during trading on Thursday, reaching $53.57. The company’s stock had a trading volume of 33,365 shares. Cabot Microelectronics Corp. has a 52-week low of $34.53 and a 52-week high of $53.65. The stock has a market cap of $1.28 billion, a P/E ratio of 25.51 and a beta of 1.29. The firm’s 50-day moving average is $50.91 and its 200-day moving average is $45.39.
Cabot Microelectronics Corp. (NASDAQ:CCMP) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.23. Cabot Microelectronics Corp. had a return on equity of 12.66% and a net margin of 12.56%. The firm had revenue of $108.20 million for the quarter, compared to the consensus estimate of $106.73 million. During the same quarter last year, the business posted $0.46 EPS. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. Equities research analysts forecast that Cabot Microelectronics Corp. will post $2.47 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Monday, October 3rd will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, September 29th. Cabot Microelectronics Corp.’s payout ratio is 34.45%.
Separately, Zacks Investment Research raised Cabot Microelectronics Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, June 21st.
In other news, VP Daniel J. Pike sold 975 shares of the firm’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $50.01, for a total value of $48,759.75. Following the completion of the transaction, the vice president now owns 72,261 shares in the company, valued at approximately $3,613,772.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William P. Noglows sold 120,051 shares of the firm’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $50.40, for a total value of $6,050,570.40. Following the completion of the transaction, the director now owns 99,078 shares of the company’s stock, valued at approximately $4,993,531.20. The disclosure for this sale can be found here. 8.20% of the stock is owned by insiders.
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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