Schroder Investment Management Group bought a new position in shares of Cabot Microelectronics Corporation (NASDAQ:CCMP) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 124,000 shares of the semiconductor company’s stock, valued at approximately $9,264,000. Schroder Investment Management Group owned approximately 0.49% of Cabot Microelectronics Corporation at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CCMP. Bank of Montreal Can grew its position in shares of Cabot Microelectronics Corporation by 63.2% during the first quarter. Bank of Montreal Can now owns 2,374 shares of the semiconductor company’s stock worth $182,000 after purchasing an additional 919 shares in the last quarter. Profund Advisors LLC grew its position in shares of Cabot Microelectronics Corporation by 1.6% during the first quarter. Profund Advisors LLC now owns 4,473 shares of the semiconductor company’s stock worth $343,000 after purchasing an additional 69 shares in the last quarter. Great West Life Assurance Co. Can grew its position in shares of Cabot Microelectronics Corporation by 10.5% during the first quarter. Great West Life Assurance Co. Can now owns 34,881 shares of the semiconductor company’s stock worth $2,671,000 after purchasing an additional 3,312 shares in the last quarter. First Trust Advisors LP grew its position in shares of Cabot Microelectronics Corporation by 49.9% during the first quarter. First Trust Advisors LP now owns 25,748 shares of the semiconductor company’s stock worth $1,973,000 after purchasing an additional 8,566 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of Cabot Microelectronics Corporation by 5.8% during the first quarter. American Century Companies Inc. now owns 33,818 shares of the semiconductor company’s stock worth $2,591,000 after purchasing an additional 1,854 shares in the last quarter. Hedge funds and other institutional investors own 93.85% of the company’s stock.

Several research firms recently issued reports on CCMP. BidaskClub upgraded Cabot Microelectronics Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Needham & Company LLC upgraded Cabot Microelectronics Corporation from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a report on Tuesday, June 27th. Seaport Global Securities started coverage on Cabot Microelectronics Corporation in a report on Wednesday, September 6th. They set a “buy” rating for the company. Finally, Zacks Investment Research upgraded Cabot Microelectronics Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $80.00.

Cabot Microelectronics Corporation (NASDAQ CCMP) opened at 73.76 on Friday. The stock has a market cap of $1.86 billion, a PE ratio of 23.01 and a beta of 1.46. Cabot Microelectronics Corporation has a 12-month low of $49.77 and a 12-month high of $81.85. The firm’s 50-day moving average price is $71.23 and its 200 day moving average price is $74.04.

Cabot Microelectronics Corporation (NASDAQ:CCMP) last posted its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.81 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.03). Cabot Microelectronics Corporation had a return on equity of 16.08% and a net margin of 16.41%. The firm had revenue of $128.00 million for the quarter, compared to analysts’ expectations of $122.17 million. During the same quarter last year, the firm posted $0.79 earnings per share. Cabot Microelectronics Corporation’s quarterly revenue was up 18.4% on a year-over-year basis. Analysts anticipate that Cabot Microelectronics Corporation will post $3.36 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 30th. Shareholders of record on Monday, September 25th will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, September 22nd. This represents a $0.80 annualized dividend and a yield of 1.08%. Cabot Microelectronics Corporation’s dividend payout ratio (DPR) is currently 25.08%.

In other Cabot Microelectronics Corporation news, Director Barbara A. Klein sold 12,502 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $71.69, for a total transaction of $896,268.38. Following the completion of the sale, the director now directly owns 34,561 shares in the company, valued at approximately $2,477,678.09. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider William S. Johnson sold 11,806 shares of the business’s stock in a transaction that occurred on 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 owns 94,911 shares of the company’s stock, valued at $7,001,584.47. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,740 shares of company stock valued at $1,799,554. 5.50% of the stock is owned by company insiders.

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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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