Schwab Charles Investment Management Inc. increased its position in shares of Cabot Microelectronics Corporation (NASDAQ:CCMP) by 8.1% during the first quarter, Holdings Channel reports. The institutional investor owned 159,883 shares of the semiconductor company’s stock after buying an additional 11,961 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Cabot Microelectronics Corporation were worth $12,249,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in CCMP. BlackRock Inc. boosted its stake in shares of Cabot Microelectronics Corporation by 54,661.0% in the first quarter. BlackRock Inc. now owns 2,953,259 shares of the semiconductor company’s stock worth $226,250,000 after buying an additional 2,947,866 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Cabot Microelectronics Corporation by 2.4% in the first quarter. Renaissance Technologies LLC now owns 428,000 shares of the semiconductor company’s stock worth $32,789,000 after buying an additional 10,100 shares in the last quarter. UBS Group AG boosted its stake in shares of Cabot Microelectronics Corporation by 58.9% in the first quarter. UBS Group AG now owns 7,917 shares of the semiconductor company’s stock worth $606,000 after buying an additional 2,936 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Cabot Microelectronics Corporation by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,106,012 shares of the semiconductor company’s stock worth $84,731,000 after buying an additional 3,316 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Cabot Microelectronics Corporation by 8.3% in the first quarter. Geode Capital Management LLC now owns 321,660 shares of the semiconductor company’s stock worth $24,642,000 after buying an additional 24,746 shares in the last quarter. Institutional investors and hedge funds own 94.93% of the company’s stock.

Shares of Cabot Microelectronics Corporation (NASDAQ:CCMP) opened at 79.38 on Thursday. The firm’s 50 day moving average is $75.86 and its 200-day moving average is $72.50. Cabot Microelectronics Corporation has a 12 month low of $46.02 and a 12 month high of $81.85. The firm has a market capitalization of $1.99 billion, a PE ratio of 24.81 and a beta of 1.48.

Cabot Microelectronics Corporation (NASDAQ:CCMP) last issued its quarterly earnings data on Thursday, April 27th. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 company had revenue of $119.20 million during the quarter, compared to the consensus estimate of $114.87 million. During the same quarter last year, the company earned $0.41 earnings per share. Cabot Microelectronics Corporation’s revenue for the quarter was up 20.2% on a year-over-year basis. On average, analysts expect that Cabot Microelectronics Corporation will post $3.45 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, June 23rd will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.01%. The ex-dividend date is Wednesday, June 21st. Cabot Microelectronics Corporation’s dividend payout ratio (DPR) is 25.16%.

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A number of equities research analysts have weighed in on the stock. BidaskClub upgraded shares of Cabot Microelectronics Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Needham & Company LLC upgraded shares of Cabot Microelectronics Corporation from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research report on Tuesday, June 27th.

In other Cabot Microelectronics Corporation news, 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 value of $666,595.45. Following the completion of the sale, the insider now owns 16,948 shares of the company’s stock, valued at $1,322,113.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David H. Li sold 23,251 shares of the stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $78.83, for a total transaction of $1,832,876.33. Following the completion of the sale, the insider now directly owns 72,646 shares of the company’s stock, valued at approximately $5,726,684.18. The disclosure for this sale can be found here. Insiders sold 110,726 shares of company stock valued at $8,595,126 in the last ninety days. 5.50% of the stock is owned by corporate insiders.

About Cabot Microelectronics Corporation

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

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