NumerixS Investment Technologies Inc lifted its position in Cabot Microelectronics Co. (NASDAQ:CCMP) by 60.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 800 shares of the semiconductor company’s stock after buying an additional 300 shares during the quarter. NumerixS Investment Technologies Inc’s holdings in Cabot Microelectronics were worth $75,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CCMP. Russell Investments Group Ltd. boosted its holdings in shares of Cabot Microelectronics by 12.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 87,045 shares of the semiconductor company’s stock valued at $8,977,000 after buying an additional 9,635 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Cabot Microelectronics by 66.5% in the 3rd quarter. Wells Fargo & Company MN now owns 422,161 shares of the semiconductor company’s stock valued at $43,555,000 after buying an additional 168,567 shares during the period. American Century Companies Inc. boosted its holdings in shares of Cabot Microelectronics by 28.0% in the 3rd quarter. American Century Companies Inc. now owns 62,779 shares of the semiconductor company’s stock valued at $6,477,000 after buying an additional 13,715 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of Cabot Microelectronics by 3.7% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 17,322 shares of the semiconductor company’s stock valued at $1,787,000 after buying an additional 620 shares during the period. Finally, Stone Ridge Asset Management LLC boosted its holdings in shares of Cabot Microelectronics by 7.1% in the 3rd quarter. Stone Ridge Asset Management LLC now owns 7,997 shares of the semiconductor company’s stock valued at $825,000 after buying an additional 529 shares during the period. 95.10% of the stock is owned by institutional investors and hedge funds.

In other Cabot Microelectronics news, VP Jeffrey Michael Dysard sold 3,133 shares of the business’s stock in a transaction dated 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.20% of the company’s stock.

Several research analysts have recently commented on CCMP shares. Loop Capital set a $123.00 price target on shares of Cabot Microelectronics and gave the company a “buy” rating in a report on Thursday, November 29th. BidaskClub raised shares of Cabot Microelectronics from a “hold” rating to a “buy” rating in a research note on Thursday, February 28th. Zacks Investment Research lowered shares of Cabot Microelectronics from a “hold” rating to a “sell” rating in a research note on Thursday, January 17th. Finally, Buckingham Research initiated coverage on shares of Cabot Microelectronics in a research note on Thursday, November 29th. They set a “buy” rating and a $130.00 target price for the company. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Cabot Microelectronics presently has an average rating of “Buy” and a consensus price target of $124.33.

Cabot Microelectronics stock opened at $111.49 on Friday. The company has a quick ratio of 2.34, a current ratio of 3.18 and a debt-to-equity ratio of 1.03. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 21.36 and a beta of 1.18. Cabot Microelectronics Co. has a 52-week low of $82.24 and a 52-week high of $123.76.

Cabot Microelectronics (NASDAQ:CCMP) last posted its earnings results on Wednesday, February 6th. The semiconductor company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.47. The firm had revenue of $221.80 million during the quarter, compared to analyst estimates of $217.90 million. Cabot Microelectronics had a net margin of 18.83% and a return on equity of 21.57%. Cabot Microelectronics’s revenue was up 58.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.19 EPS. Equities analysts forecast that Cabot Microelectronics Co. will post 7.07 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 21st will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.51%. This is a positive change from Cabot Microelectronics’s previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, March 20th. Cabot Microelectronics’s payout ratio is presently 30.65%.

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About Cabot Microelectronics

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

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