First Horizon Advisors Inc. raised its holdings in shares of CMC Materials, Inc. (NASDAQ:CCMP – Get Rating) by 72.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 215 shares of the semiconductor company’s stock after buying an additional 90 shares during the quarter. First Horizon Advisors Inc.’s holdings in CMC Materials were worth $41,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Signaturefd LLC increased its holdings in shares of CMC Materials by 32.8% during the 4th quarter. Signaturefd LLC now owns 320 shares of the semiconductor company’s stock valued at $61,000 after purchasing an additional 79 shares in the last quarter. Mint Tower Capital Management B.V. purchased a new position in shares of CMC Materials during the 4th quarter valued at approximately $96,000. Ellevest Inc. increased its holdings in shares of CMC Materials by 16.0% during the 4th quarter. Ellevest Inc. now owns 579 shares of the semiconductor company’s stock valued at $111,000 after purchasing an additional 80 shares in the last quarter. Jump Financial LLC purchased a new position in shares of CMC Materials during the 3rd quarter valued at approximately $209,000. Finally, Mackenzie Financial Corp purchased a new position in shares of CMC Materials during the 3rd quarter valued at approximately $211,000. Institutional investors and hedge funds own 93.72% of the company’s stock.
Shares of CCMP opened at $174.40 on Friday. CMC Materials, Inc. has a 52-week low of $119.19 and a 52-week high of $197.00. The company has a quick ratio of 2.22, a current ratio of 3.15 and a debt-to-equity ratio of 0.95. The firm’s fifty day moving average is $181.05 and its two-hundred day moving average is $172.80. The stock has a market cap of $4.99 billion, a PE ratio of 45.65 and a beta of 1.14.
The firm also recently announced a quarterly dividend, which was paid on Friday, April 22nd. Shareholders of record on Wednesday, March 23rd were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Tuesday, March 22nd. This represents a $1.84 annualized dividend and a yield of 1.06%. CMC Materials’s dividend payout ratio (DPR) is presently 48.17%.
Several equities analysts have recently weighed in on the stock. StockNews.com raised shares of CMC Materials from a “hold” rating to a “buy” rating in a report on Friday, May 6th. Zacks Investment Research raised shares of CMC Materials from a “hold” rating to a “buy” rating and set a $196.00 target price for the company in a report on Monday, April 11th. Mizuho lowered shares of CMC Materials from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $155.00 to $197.00 in a report on Friday, February 4th. Finally, CL King lowered shares of CMC Materials from a “buy” rating to a “neutral” rating in a report on Thursday, April 7th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $187.13.
In other CMC Materials news, Director Susan M. Whitney sold 7,500 shares of CMC Materials stock in a transaction on Monday, May 9th. The shares were sold at an average price of $177.99, for a total transaction of $1,334,925.00. Following the sale, the director now owns 12,047 shares of the company’s stock, valued at approximately $2,144,245.53. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.40% of the company’s stock.
CMC Materials Company Profile (Get Rating)
CMC Materials, Inc, together with its subsidiaries, provides consumable materials to semiconductor manufacturers, and pipeline and adjacent industry customers in North America, Asia, Europe, the Middle East, Africa, and South America. The company operates in two segments, Electronic Materials and Performance Materials.
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