Cabot Microelectronics Co. (CCMP) Shares Bought by Rhumbline Advisers

Rhumbline Advisers increased its stake in shares of Cabot Microelectronics Co. (NASDAQ:CCMP) by 1.0% in the first quarter, HoldingsChannel.com reports. The firm owned 82,659 shares of the semiconductor company’s stock after buying an additional 810 shares during the period. Rhumbline Advisers’ holdings in Cabot Microelectronics were worth $9,255,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Enlightenment Research LLC purchased a new position in shares of Cabot Microelectronics during the 4th quarter worth approximately $29,000. Huntington National Bank acquired a new stake in Cabot Microelectronics during the 4th quarter worth approximately $30,000. Private Capital Group LLC lifted its holdings in Cabot Microelectronics by 1,627.3% during the 4th quarter. Private Capital Group LLC now owns 380 shares of the semiconductor company’s stock worth $36,000 after buying an additional 358 shares in the last quarter. IFP Advisors Inc lifted its holdings in Cabot Microelectronics by 250.0% during the 4th quarter. IFP Advisors Inc now owns 427 shares of the semiconductor company’s stock worth $40,000 after buying an additional 305 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in Cabot Microelectronics by 121.2% during the 1st quarter. Quadrant Capital Group LLC now owns 427 shares of the semiconductor company’s stock worth $44,000 after buying an additional 234 shares in the last quarter. 98.62% of the stock is owned by hedge funds and other institutional investors.

In other Cabot Microelectronics news, VP Jeffrey Michael Dysard sold 3,133 shares of the stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $104.88, for a total transaction of $328,589.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.20% of the stock is owned by corporate insiders.

A number of research firms have issued reports on CCMP. Zacks Investment Research lowered shares of Cabot Microelectronics from a “hold” rating to a “sell” rating in a report on Friday. BidaskClub lowered shares of Cabot Microelectronics from a “buy” rating to a “hold” rating in a report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $124.33.

Cabot Microelectronics stock opened at $106.43 on Monday. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 20.39 and a beta of 1.20. Cabot Microelectronics Co. has a 52-week low of $82.24 and a 52-week high of $129.94. The company has a current ratio of 3.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.96.

Cabot Microelectronics (NASDAQ:CCMP) last released its earnings results on Wednesday, May 8th. The semiconductor company reported $1.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.61 by ($0.06). The business had revenue of $265.39 million for the quarter, compared to analyst estimates of $273.30 million. Cabot Microelectronics had a return on equity of 20.79% and a net margin of 15.61%. Equities analysts expect that Cabot Microelectronics Co. will post 6.95 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, March 21st were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This is a positive change from Cabot Microelectronics’s previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a yield of 1.58%. Cabot Microelectronics’s dividend payout ratio is 32.18%.

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About Cabot Microelectronics

Cabot Microelectronics Corp. engages in the development, manufacture, and sale of chemical mechanical planarization consumables products. The firm offers chemical mechanical planarization slurries for polishing many of the conducting, insulating and isolating materials used in integrated circuit devices, and for polishing the disk substrates and magnetic heads used in hard disk drives.

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

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