Dana Investment Advisors Inc. bought a new position in shares of Cabot Microelectronics Co. (NASDAQ:CCMP) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 18,590 shares of the semiconductor company’s stock, valued at approximately $1,773,000. Dana Investment Advisors Inc. owned approximately 0.06% of Cabot Microelectronics as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in CCMP. BlackRock Inc. raised its holdings in shares of Cabot Microelectronics by 13.5% in the 4th quarter. BlackRock Inc. now owns 4,170,901 shares of the semiconductor company’s stock valued at $397,697,000 after purchasing an additional 496,619 shares in the last quarter. Vanguard Group Inc raised its stake in Cabot Microelectronics by 4.5% during the 3rd quarter. Vanguard Group Inc now owns 2,735,222 shares of the semiconductor company’s stock worth $282,193,000 after acquiring an additional 116,779 shares in the last quarter. Vanguard Group Inc. raised its stake in Cabot Microelectronics by 4.5% during the 3rd quarter. Vanguard Group Inc. now owns 2,735,222 shares of the semiconductor company’s stock worth $282,193,000 after acquiring an additional 116,779 shares in the last quarter. Neuberger Berman Group LLC raised its stake in Cabot Microelectronics by 1.6% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,155,080 shares of the semiconductor company’s stock worth $119,170,000 after acquiring an additional 18,590 shares in the last quarter. Finally, Ceredex Value Advisors LLC raised its stake in Cabot Microelectronics by 8.1% during the 4th quarter. Ceredex Value Advisors LLC now owns 992,370 shares of the semiconductor company’s stock worth $95,019,000 after acquiring an additional 74,212 shares in the last quarter. Institutional investors own 95.10% of the company’s stock.
In other Cabot Microelectronics news, VP Jeffrey Michael Dysard sold 3,133 shares of the firm’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $104.88, for a total transaction of $328,589.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 2.20% of the company’s stock.
Shares of Cabot Microelectronics stock opened at $111.49 on Friday. Cabot Microelectronics Co. has a 1 year low of $82.24 and a 1 year high of $123.76. The company has a current ratio of 3.18, a quick ratio of 2.34 and a debt-to-equity ratio of 1.03. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 21.36 and a beta of 1.18.
Cabot Microelectronics (NASDAQ:CCMP) last issued its quarterly earnings data on Wednesday, February 6th. The semiconductor company reported $1.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.47. Cabot Microelectronics had a net margin of 18.83% and a return on equity of 21.57%. The company had revenue of $221.80 million for the quarter, compared to the consensus estimate of $217.90 million. During the same period last year, the firm posted $1.19 EPS. Cabot Microelectronics’s revenue for the quarter was up 58.5% on a year-over-year basis. On average, research analysts forecast that Cabot Microelectronics Co. will post 7.07 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 21st will be given a dividend of $0.42 per share. This is an increase from Cabot Microelectronics’s previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a yield of 1.51%. The ex-dividend date is Wednesday, March 20th. Cabot Microelectronics’s dividend payout ratio (DPR) is presently 30.65%.
Several equities research analysts recently commented on CCMP shares. Zacks Investment Research upgraded shares of Cabot Microelectronics from a “sell” rating to a “hold” rating in a research note on Thursday, February 7th. BidaskClub lowered shares of Cabot Microelectronics from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Buckingham Research started coverage on shares of Cabot Microelectronics in a research note on Thursday, November 29th. They set a “buy” rating and a $130.00 price target on the stock. Finally, Loop Capital set a $123.00 price target on shares of Cabot Microelectronics and gave the stock a “buy” rating in a research note on Thursday, November 29th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $124.33.
Cabot Microelectronics Company Profile
Cabot Microelectronics Corporation, together with its subsidiaries, develops, manufactures, and sells polishing slurries and pads used in the manufacture of advanced integrated circuit (IC) devices in the semiconductor industry in chemical mechanical planarization (CMP) process. It provides CMP slurries, which are liquid solutions composed of high-purity deionized water, proprietary chemical additives, and engineered abrasives that chemically and mechanically interact with the surface material of the IC device at an atomic level; and CMP pads that are engineered polymeric materials designed to distribute and transport the slurry to the surface of the wafer and distribute it evenly across the wafer.
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