Dimensional Fund Advisors LP grew its holdings in Cabot Microelectronics Co. (NASDAQ:CCMP) by 12.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 760,383 shares of the semiconductor company’s stock after acquiring an additional 81,642 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Cabot Microelectronics were worth $72,502,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in CCMP. BlackRock Inc. lifted its stake in shares of Cabot Microelectronics by 13.5% in the 4th quarter. BlackRock Inc. now owns 4,170,901 shares of the semiconductor company’s stock valued at $397,697,000 after purchasing an additional 496,619 shares during the period. SG Americas Securities LLC raised its stake in Cabot Microelectronics by 935.0% during the 4th quarter. SG Americas Securities LLC now owns 96,103 shares of the semiconductor company’s stock worth $9,163,000 after buying an additional 86,818 shares during the period. Ceredex Value Advisors LLC raised its stake in Cabot Microelectronics by 8.1% during the 4th quarter. Ceredex Value Advisors LLC now owns 992,370 shares of the semiconductor company’s stock worth $95,019,000 after buying an additional 74,212 shares during the period. Hsbc Holdings PLC raised its stake in Cabot Microelectronics by 1,718.5% during the 4th quarter. Hsbc Holdings PLC now owns 65,502 shares of the semiconductor company’s stock worth $6,241,000 after buying an additional 61,900 shares during the period. Finally, Isthmus Partners LLC acquired a new position in Cabot Microelectronics during the 4th quarter worth approximately $4,666,000. 98.62% of the stock is currently owned by institutional investors.
A number of research analysts recently weighed in on CCMP shares. BidaskClub raised Cabot Microelectronics from a “hold” rating to a “buy” rating in a research note on Thursday, February 28th. Zacks Investment Research downgraded Cabot Microelectronics from a “buy” rating to a “hold” rating in a research note on Wednesday, April 17th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. Cabot Microelectronics presently has a consensus rating of “Hold” and an average price target of $124.33.
CCMP stock opened at $102.52 on Thursday. Cabot Microelectronics Co. has a fifty-two week low of $82.24 and a fifty-two week high of $129.94. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.40 and a current ratio of 3.40. The company has a market cap of $3.03 billion, a P/E ratio of 19.64 and a beta of 1.20.
Cabot Microelectronics (NASDAQ:CCMP) last posted its quarterly earnings results on Wednesday, May 8th. The semiconductor company reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.06). Cabot Microelectronics had a return on equity of 20.79% and a net margin of 15.61%. The firm had revenue of $265.39 million for the quarter, compared to analyst estimates of $273.30 million. On average, equities research analysts forecast that Cabot Microelectronics Co. will post 6.95 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Thursday, March 21st were paid a dividend of $0.42 per share. This is an increase from Cabot Microelectronics’s previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date was Wednesday, March 20th. Cabot Microelectronics’s dividend payout ratio is 32.18%.
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Cabot Microelectronics Company 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.
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