Arizona State Retirement System boosted its stake in shares of Cabot Microelectronics Corporation (NASDAQ:CCMP) by 4.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,057 shares of the semiconductor company’s stock after buying an additional 600 shares during the period. Arizona State Retirement System’s holdings in Cabot Microelectronics Corporation were worth $1,000,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Russell Investments Group Ltd. purchased a new position in shares of Cabot Microelectronics Corporation during the fourth quarter valued at approximately $9,551,000. State Street Corp boosted its position in shares of Cabot Microelectronics Corporation by 11.2% in the fourth quarter. State Street Corp now owns 543,346 shares of the semiconductor company’s stock valued at $34,323,000 after buying an additional 54,797 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Cabot Microelectronics Corporation by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,102,696 shares of the semiconductor company’s stock valued at $69,658,000 after buying an additional 21,777 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of Cabot Microelectronics Corporation by 679,750.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 13,597 shares of the semiconductor company’s stock valued at $859,000 after buying an additional 13,595 shares in the last quarter. Finally, Elkfork Partners LLC purchased a new position in shares of Cabot Microelectronics Corporation during the fourth quarter valued at approximately $127,000. 94.97% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Cabot Microelectronics Corporation (NASDAQ:CCMP)

Cabot Microelectronics Corporation (CCMP) opened at 75.5537 on Tuesday. The stock has a market cap of $1.89 billion, a PE ratio of 23.6179 and a beta of 1.40. The company’s 50-day moving average is $76.86 and its 200 day moving average is $70.57. Cabot Microelectronics Corporation has a 52 week low of $40.38 and a 52 week high of $81.85.

Cabot Microelectronics Corporation (NASDAQ:CCMP) last announced its quarterly earnings data on Thursday, April 27th. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. Cabot Microelectronics Corporation had a net margin of 16.81% and a return on equity of 16.69%. The business had revenue of $119.20 million during the quarter, compared to analyst estimates of $114.87 million. During the same period last year, the firm posted $0.41 EPS. The company’s revenue was up 20.2% on a year-over-year basis. On average, analysts expect that Cabot Microelectronics Corporation will post $3.46 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, June 23rd will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Wednesday, June 21st. Cabot Microelectronics Corporation’s dividend payout ratio (DPR) is currently 25.16%.

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Several equities analysts recently commented on CCMP shares. Aegis raised shares of Cabot Microelectronics Corporation from a “hold” rating to a “buy” rating in a research note on Friday, March 17th. Citigroup Inc. boosted their price objective on shares of Cabot Microelectronics Corporation to $75.00 and gave the company a “neutral” rating in a research note on Monday, March 20th. Finally, BidaskClub cut shares of Cabot Microelectronics Corporation from a “buy” rating to a “hold” rating in a research note on Saturday.

In other Cabot Microelectronics Corporation news, Director William P. Noglows sold 60,000 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $76.96, for a total transaction of $4,617,600.00. Following the completion of the sale, the director now directly owns 28,652 shares of the company’s stock, valued at approximately $2,205,057.92. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Thomas S. Roman sold 8,545 shares of the stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $78.01, for a total transaction of $666,595.45. Following the sale, the insider now directly owns 16,948 shares of the company’s stock, valued at $1,322,113.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 110,726 shares of company stock valued at $8,595,126. Insiders own 5.50% of the company’s stock.

Cabot Microelectronics Corporation 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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