GYL Financial Synergies LLC bought a new position in Cabot Microelectronics Co. (NASDAQ:CCMP) in the first quarter, Holdings Channel reports. The institutional investor bought 8,001 shares of the semiconductor company’s stock, valued at approximately $896,000.

Other institutional investors have also recently made changes to their positions in the company. Bremer Bank National Association bought a new position in Cabot Microelectronics in the first quarter worth about $32,000. Enlightenment Research LLC bought a new position in Cabot Microelectronics in the fourth quarter worth about $29,000. IFP Advisors Inc raised its holdings in Cabot Microelectronics by 250.0% in the fourth quarter. IFP Advisors Inc now owns 427 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 305 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in Cabot Microelectronics by 121.2% in the first quarter. Quadrant Capital Group LLC now owns 427 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 234 shares in the last quarter. Finally, Private Capital Group LLC increased its holdings in shares of Cabot Microelectronics by 24.7% during the first quarter. Private Capital Group LLC now owns 474 shares of the semiconductor company’s stock valued at $53,000 after acquiring an additional 94 shares in the last quarter. Institutional investors and hedge funds own 99.08% of the company’s stock.

In other news, Director Barbara A. Klein sold 3,000 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $108.28, for a total transaction of $324,840.00. Following the transaction, the director now owns 26,104 shares in the company, valued at $2,826,541.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Shares of CCMP traded down $1.17 during mid-day trading on Friday, hitting $106.83. 15,118 shares of the company traded hands, compared to its average volume of 224,817. Cabot Microelectronics Co. has a 1-year low of $82.24 and a 1-year high of $129.94. The company has a quick ratio of 2.40, a current ratio of 3.40 and a debt-to-equity ratio of 0.96. The company has a market cap of $3.10 billion, a P/E ratio of 20.47 and a beta of 1.39.

Cabot Microelectronics (NASDAQ:CCMP) last posted its quarterly earnings data on Wednesday, May 8th. The semiconductor company reported $1.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by ($0.06). Cabot Microelectronics had a net margin of 15.61% and a return on equity of 20.79%. The company had revenue of $265.39 million for the quarter, compared to analyst estimates of $273.30 million. On average, research analysts anticipate that Cabot Microelectronics Co. will post 6.78 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 30th. Stockholders of record on Tuesday, June 25th will be issued a dividend of $0.42 per share. The ex-dividend date is Monday, June 24th. This represents a $1.68 annualized dividend and a dividend yield of 1.57%. Cabot Microelectronics’s dividend payout ratio (DPR) is currently 32.18%.

Several equities analysts have recently issued reports on CCMP shares. BidaskClub upgraded shares of Cabot Microelectronics from a “hold” rating to a “buy” rating in a report on Thursday, February 28th. Zacks Investment Research downgraded shares of Cabot Microelectronics from a “buy” rating to a “hold” rating in a report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Cabot Microelectronics presently has a consensus rating of “Hold” and an average target price of $124.33.

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Cabot Microelectronics Profile

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.

Further Reading: Return On Assets

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

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