Hartford Investment Management Co. continued to hold its stake in shares of Cabot Microelectronics Corporation (NASDAQ:CCMP) during the second quarter, Holdings Channel reports. The fund owned 2,780 shares of the semiconductor company’s stock at the end of the second quarter. Hartford Investment Management Co.’s holdings in Cabot Microelectronics Corporation were worth $205,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Aperio Group LLC increased its stake in shares of Cabot Microelectronics Corporation by 8.1% in the second quarter. Aperio Group LLC now owns 7,675 shares of the semiconductor company’s stock valued at $567,000 after buying an additional 575 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Cabot Microelectronics Corporation by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the semiconductor company’s stock valued at $760,000 after buying an additional 100 shares in the last quarter. James Investment Research Inc. increased its stake in shares of Cabot Microelectronics Corporation by 18.4% in the second quarter. James Investment Research Inc. now owns 151,101 shares of the semiconductor company’s stock valued at $11,155,000 after buying an additional 23,533 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Cabot Microelectronics Corporation by 80.0% in the second quarter. State of Alaska Department of Revenue now owns 4,987 shares of the semiconductor company’s stock valued at $368,000 after buying an additional 2,217 shares in the last quarter. Finally, Fisher Asset Management LLC increased its stake in shares of Cabot Microelectronics Corporation by 38.9% in the second quarter. Fisher Asset Management LLC now owns 56,613 shares of the semiconductor company’s stock valued at $4,180,000 after buying an additional 15,858 shares in the last quarter. 94.40% of the stock is owned by hedge funds and other institutional investors.

Cabot Microelectronics Corporation (NASDAQ CCMP) traded down 0.67% during midday trading on Tuesday, hitting $71.36. The stock had a trading volume of 41,206 shares. The firm has a market cap of $1.80 billion, a P/E ratio of 22.26 and a beta of 1.48. The stock has a 50-day moving average of $75.91 and a 200-day moving average of $73.38. Cabot Microelectronics Corporation has a 52 week low of $47.31 and a 52 week high of $81.85.

Cabot Microelectronics Corporation (NASDAQ:CCMP) last issued its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by $0.03. The firm had revenue of $128 million during the quarter, compared to the consensus estimate of $122.17 million. Cabot Microelectronics Corporation had a net margin of 16.41% and a return on equity of 16.08%. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.79 earnings per share. Analysts forecast that Cabot Microelectronics Corporation will post $3.35 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, June 23rd were issued a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, June 21st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.11%. Cabot Microelectronics Corporation’s dividend payout ratio (DPR) is 25.08%.

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Several brokerages recently issued reports on CCMP. BidaskClub downgraded Cabot Microelectronics Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Needham & Company LLC raised Cabot Microelectronics Corporation from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research note on Tuesday, June 27th.

In other news, insider William S. Johnson sold 11,806 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $73.77, for a total value of $870,928.62. Following the sale, the insider now directly owns 94,911 shares in the company, valued at $7,001,584.47. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Barbara A. Klein sold 12,502 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $71.69, for a total value of $896,268.38. Following the completion of the sale, the director now owns 34,561 shares in the company, valued at $2,477,678.09. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 84,740 shares of company stock worth $6,417,154. Corporate 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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Institutional Ownership by Quarter for Cabot Microelectronics Corporation (NASDAQ:CCMP)

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