Thrivent Financial For Lutherans cut its holdings in Cabot Microelectronics Corporation (NASDAQ:CCMP) by 85.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,330 shares of the semiconductor company’s stock after selling 87,782 shares during the quarter. Thrivent Financial For Lutherans owned 0.06% of Cabot Microelectronics Corporation worth $1,132,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CCMP. First Trust Advisors LP grew its holdings 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 valued at $1,973,000 after purchasing an additional 8,566 shares in the last quarter. Swiss National Bank grew its holdings in shares of Cabot Microelectronics Corporation by 2.5% in the first quarter. Swiss National Bank now owns 40,600 shares of the semiconductor company’s stock valued at $3,110,000 after purchasing an additional 1,000 shares in the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Cabot Microelectronics Corporation by 159.5% in the first quarter. UBS Asset Management Americas Inc. now owns 11,390 shares of the semiconductor company’s stock valued at $873,000 after purchasing an additional 7,000 shares in the last quarter. Karp Capital Management Corp purchased a new position in shares of Cabot Microelectronics Corporation in the first quarter valued at $544,000. Finally, Sei Investments Co. grew its holdings in shares of Cabot Microelectronics Corporation by 28.6% in the first quarter. Sei Investments Co. now owns 14,062 shares of the semiconductor company’s stock valued at $1,077,000 after purchasing an additional 3,127 shares in the last quarter. 93.85% of the stock is owned by hedge funds and other institutional investors.

In other Cabot Microelectronics Corporation news, VP Daniel D. Woodland sold 432 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $74.90, for a total value of $32,356.80. Following the completion of the sale, the vice president now directly owns 17,588 shares in the company, valued at approximately $1,317,341.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider William S. Johnson sold 11,806 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $73.77, for a total value of $870,928.62. Following the completion of the sale, the insider now owns 94,911 shares of the company’s stock, valued at $7,001,584.47. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,740 shares of company stock valued at $1,799,554. 5.50% of the stock is owned by company insiders.

Shares of Cabot Microelectronics Corporation (CCMP) opened at 80.39 on Friday. The company has a 50-day moving average price of $73.55 and a 200-day moving average price of $74.77. Cabot Microelectronics Corporation has a 12 month low of $50.66 and a 12 month high of $81.85. The company has a market capitalization of $2.03 billion, a P/E ratio of 25.07 and a beta of 1.47.

Cabot Microelectronics Corporation (NASDAQ:CCMP) last issued its earnings results on Thursday, July 27th. The semiconductor company reported $0.81 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.03). The company had revenue of $128.00 million during the quarter, compared to analysts’ expectations of $122.17 million. Cabot Microelectronics Corporation had a net margin of 16.41% and a return on equity of 16.08%. The firm’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.79 earnings per share. On average, analysts forecast that Cabot Microelectronics Corporation will post $3.35 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Shareholders of record on Monday, September 25th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.00%. The ex-dividend date is Friday, September 22nd. Cabot Microelectronics Corporation’s payout ratio is currently 25.08%.

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CCMP has been the subject of a number of recent research reports. BidaskClub lowered shares of Cabot Microelectronics Corporation from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Needham & Company LLC raised shares of Cabot Microelectronics Corporation from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a report on Tuesday, June 27th. Seaport Global Securities initiated coverage on shares of Cabot Microelectronics Corporation in a report on Wednesday, September 6th. They issued a “buy” rating for the company. Zacks Investment Research raised shares of Cabot Microelectronics Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. Finally, Loop Capital initiated coverage on shares of Cabot Microelectronics Corporation in a report on Thursday, September 28th. They issued a “buy” rating and a $94.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $84.67.

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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