Strs Ohio increased its stake in shares of Cabot Microelectronics Corporation (NASDAQ:CCMP) by 2.1% during the second quarter, Holdings Channel reports. The fund owned 14,800 shares of the semiconductor company’s stock after buying an additional 300 shares during the period. Strs Ohio’s holdings in Cabot Microelectronics Corporation were worth $1,092,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Profund Advisors LLC raised its position in shares of Cabot Microelectronics Corporation by 1.6% in the first quarter. Profund Advisors LLC now owns 4,473 shares of the semiconductor company’s stock valued at $343,000 after buying an additional 69 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of Cabot Microelectronics Corporation by 1.5% in the first quarter. Municipal Employees Retirement System of Michigan now owns 6,900 shares of the semiconductor company’s stock valued at $529,000 after buying an additional 100 shares during the last quarter. Louisiana State Employees Retirement System raised its position 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 during the last quarter. Hillsdale Investment Management Inc. raised its position in shares of Cabot Microelectronics Corporation by 0.9% in the first quarter. Hillsdale Investment Management Inc. now owns 16,550 shares of the semiconductor company’s stock valued at $1,267,000 after buying an additional 150 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its position in shares of Cabot Microelectronics Corporation by 6.1% in the first quarter. State of Alaska Department of Revenue now owns 2,770 shares of the semiconductor company’s stock valued at $212,000 after buying an additional 160 shares during the last quarter. 95.10% of the stock is owned by hedge funds and other institutional investors.

Cabot Microelectronics Corporation (NASDAQ CCMP) opened at 70.98 on Tuesday. Cabot Microelectronics Corporation has a 12 month low of $47.31 and a 12 month high of $81.85. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 22.14 and a beta of 1.48. The company has a 50 day moving average of $74.92 and a 200 day moving average of $73.74.

Cabot Microelectronics Corporation (NASDAQ:CCMP) last announced its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.81 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.84 by $0.03. The business had revenue of $128 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned $0.79 earnings per share. On average, equities analysts predict that Cabot Microelectronics Corporation will post $3.35 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, June 23rd were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Wednesday, June 21st. Cabot Microelectronics Corporation’s dividend payout ratio (DPR) is 25.08%.

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Several equities analysts recently commented 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. Needham & Company LLC raised shares of Cabot Microelectronics Corporation from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Tuesday, June 27th.

In related news, 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 completion of the transaction, the director now directly owns 34,561 shares of the company’s stock, valued at $2,477,678.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Daniel D. Woodland sold 432 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $74.90, for a total value of $32,356.80. Following the completion of the transaction, the vice president now directly owns 17,588 shares of the company’s stock, valued at $1,317,341.20. The disclosure for this sale can be found here. Insiders sold 24,740 shares of company stock valued at $1,799,554 over the last ninety days. 5.50% of the stock is currently owned by corporate insiders.

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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