Cabot Microelectronics Corporation (CCMP) Stake Held by Hartford Investment Management Co.

Hartford Investment Management Co. held its position in shares of Cabot Microelectronics Corporation (NASDAQ:CCMP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,780 shares of the semiconductor company’s stock at the end of the second quarter. Hartford Investment Management Co.’s holdings in Cabot Microelectronics Corporation were worth $205,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ameritas Investment Partners Inc. purchased a new position in shares of Cabot Microelectronics Corporation during the first quarter valued at $146,000. Bank of Montreal Can increased 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 valued at $182,000 after buying an additional 919 shares during the last quarter. State of Alaska Department of Revenue increased 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. 361 Capital LLC purchased a new position in shares of Cabot Microelectronics Corporation during the first quarter valued at $213,000. Finally, Advisors Preferred LLC purchased a new position in shares of Cabot Microelectronics Corporation during the first quarter valued at $269,000. 94.40% of the stock is owned by hedge funds and other institutional investors.

Cabot Microelectronics Corporation (CCMP) traded down 0.67% on Tuesday, hitting $71.36. 41,206 shares of the stock were exchanged. The company has a market cap of $1.80 billion, a PE ratio of 22.26 and a beta of 1.48. Cabot Microelectronics Corporation has a 52 week low of $47.31 and a 52 week high of $81.85. The company’s 50-day moving average is $75.91 and its 200-day moving average is $73.38.

Cabot Microelectronics Corporation (NASDAQ:CCMP) last released its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.81 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.84 by $0.03. Cabot Microelectronics Corporation had a net margin of 16.41% and a return on equity of 16.08%. The company had revenue of $128 million during the quarter, compared to analyst estimates of $122.17 million. During the same quarter last year, the business earned $0.79 EPS. The company’s revenue for the quarter was up 18.4% compared to the same quarter last year. On average, analysts predict that Cabot Microelectronics Corporation will post $3.35 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, June 23rd were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend was Wednesday, June 21st. Cabot Microelectronics Corporation’s dividend payout ratio is currently 25.08%.

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Several research analysts recently weighed in on the stock. BidaskClub downgraded shares of Cabot Microelectronics Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. 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 research note on Tuesday, June 27th.

In related news, Director William P. Noglows sold 60,000 shares of the stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $76.96, for a total value of $4,617,600.00. Following the completion of the sale, the director now directly owns 28,652 shares of the company’s stock, valued at approximately $2,205,057.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Daniel D. Woodland sold 432 shares of the stock in a transaction dated 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 of the company’s stock, valued at $1,317,341.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 84,740 shares of company stock valued at $6,417,154. Company insiders own 5.50% of the company’s stock.

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.

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

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