OxFORD Asset Management LLP lifted its stake in Cabot Microelectronics Corporation (NASDAQ:CCMP) by 11.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 159,213 shares of the semiconductor company’s stock after purchasing an additional 16,910 shares during the quarter. OxFORD Asset Management LLP owned 0.63% of Cabot Microelectronics Corporation worth $11,755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of CCMP. Bank of Montreal Can lifted its position in shares of Cabot Microelectronics Corporation by 63.2% in 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. Great West Life Assurance Co. Can lifted its position in shares of Cabot Microelectronics Corporation by 10.5% in 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 lifted its position in shares of Cabot Microelectronics Corporation by 49.9% in 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. American Century Companies Inc. lifted its position in shares of Cabot Microelectronics Corporation by 5.8% in 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. Finally, Bank of New York Mellon Corp lifted its position in shares of Cabot Microelectronics Corporation by 17.5% in the first quarter. Bank of New York Mellon Corp now owns 502,765 shares of the semiconductor company’s stock worth $38,518,000 after purchasing an additional 75,025 shares in the last quarter. 93.85% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently weighed in on CCMP. Needham & Company LLC reaffirmed a “buy” rating and set a $85.00 price objective on shares of Cabot Microelectronics Corporation in a research report on Tuesday, September 19th. Seaport Global Securities began coverage on shares of Cabot Microelectronics Corporation in a research report on Wednesday, September 6th. They set a “buy” rating on the stock. BidaskClub raised shares of Cabot Microelectronics Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Finally, Zacks Investment Research raised shares of Cabot Microelectronics Corporation from a “sell” rating to a “hold” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $80.00.

ILLEGAL ACTIVITY WARNING: This piece of content was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another website, it was stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/cabot-microelectronics-corporation-ccmp-shares-bought-by-oxford-asset-management-llp/1587237.html.

In other news, insider William S. Johnson sold 11,806 shares of the company’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 transaction of $870,928.62. Following the sale, the insider now owns 94,911 shares in the company, valued at approximately $7,001,584.47. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Barbara A. Klein sold 12,502 shares of the company’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 value of $896,268.38. Following the sale, the director now owns 34,561 shares in the company, valued at approximately $2,477,678.09. The disclosure for this sale can be found here. Insiders sold a total of 24,740 shares of company stock worth $1,799,554 in the last 90 days. Company insiders own 5.50% of the company’s stock.

Cabot Microelectronics Corporation (NASDAQ:CCMP) last released its earnings results 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). The firm had revenue of $128.00 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 company’s revenue was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.79 EPS.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Shareholders of record on Monday, September 25th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Friday, September 22nd. Cabot Microelectronics Corporation’s payout ratio is 25.08%.

Cabot Microelectronics Corporation 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.

Want to see what other hedge funds are holding CCMP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cabot Microelectronics Corporation (NASDAQ:CCMP).

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

Receive News & Ratings for Cabot Microelectronics Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cabot Microelectronics Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.