Huntington National Bank Maintains Stake in Cabot Microelectronics Corp. (CCMP)
Huntington National Bank continued to hold its position in shares of Cabot Microelectronics Corp. (NASDAQ:CCMP) during the second quarter, Holdings Channel reports. The institutional investor owned 2,873 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in Cabot Microelectronics Corp. were worth $144,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in CCMP. Goldman Sachs Group Inc. boosted its stake in shares of 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 during the period. UBS Group AG boosted its stake in shares of 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 during the period. Bank of Montreal Can bought a new stake in shares of Cabot Microelectronics Corp. during the second quarter valued at about $102,000. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of 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 during the period. Finally, Royal Bank of Canada boosted its stake in shares of Cabot Microelectronics Corp. by 22.8% in the first quarter. Royal Bank of Canada now owns 7,030 shares of the company’s stock valued at $288,000 after buying an additional 1,307 shares during the period. 97.23% of the stock is currently owned by institutional investors.
Shares of Cabot Microelectronics Corp. (NASDAQ:CCMP) traded down 0.39% during mid-day trading on Friday, hitting $53.70. The stock had a trading volume of 153,489 shares. Cabot Microelectronics Corp. has a 12 month low of $34.53 and a 12 month high of $54.08. The stock’s 50-day moving average is $51.15 and its 200 day moving average is $45.55. The firm has a market cap of $1.28 billion, a PE ratio of 25.57 and a beta of 1.29.
Cabot Microelectronics Corp. (NASDAQ:CCMP) last announced its earnings results on Thursday, July 28th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.23. The company had revenue of $108.20 million for the quarter, compared to analyst estimates of $106.73 million. Cabot Microelectronics Corp. had a return on equity of 12.66% and a net margin of 12.56%. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.46 earnings per share. Equities research analysts predict that Cabot Microelectronics Corp. will post $2.47 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Monday, October 3rd will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, September 29th. Cabot Microelectronics Corp.’s payout ratio is 34.45%.
Separately, Zacks Investment Research upgraded Cabot Microelectronics Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, June 21st.
In other Cabot Microelectronics Corp. news, Director Robert J. Birgeneau sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $50.68, for a total value of $304,080.00. Following the sale, the director now owns 27,829 shares of the company’s stock, valued at $1,410,373.72. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas S. Roman sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $50.79, for a total value of $253,950.00. Following the completion of the sale, the insider now directly owns 12,451 shares in the company, valued at approximately $632,386.29. The disclosure for this sale can be found here. 8.20% of the stock is owned by company 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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