Cabot Microelectronics Co. (CCMP) Stake Decreased by American Century Companies Inc.

American Century Companies Inc. decreased its position in shares of Cabot Microelectronics Co. (NASDAQ:CCMP) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,347 shares of the semiconductor company’s stock after selling 1,415 shares during the period. American Century Companies Inc. owned about 0.20% of Cabot Microelectronics worth $4,737,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cornerstone Capital Management Holdings LLC. grew its stake in shares of Cabot Microelectronics by 2.5% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 8,080 shares of the semiconductor company’s stock valued at $595,000 after purchasing an additional 200 shares during the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of Cabot Microelectronics by 17.0% during the second quarter. Ameritas Investment Partners Inc. now owns 2,232 shares of the semiconductor company’s stock valued at $164,000 after purchasing an additional 324 shares during the last quarter. Sei Investments Co. grew its stake in shares of Cabot Microelectronics by 2.7% during the third quarter. Sei Investments Co. now owns 20,500 shares of the semiconductor company’s stock valued at $1,639,000 after purchasing an additional 532 shares during the last quarter. Aperio Group LLC grew its stake in shares of Cabot Microelectronics by 7.8% during the fourth quarter. Aperio Group LLC now owns 8,158 shares of the semiconductor company’s stock valued at $768,000 after purchasing an additional 587 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its stake in shares of Cabot Microelectronics by 5.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the semiconductor company’s stock valued at $1,025,000 after purchasing an additional 600 shares during the last quarter. 92.95% of the stock is currently owned by institutional investors and hedge funds.

In other Cabot Microelectronics news, Director William P. Noglows sold 17,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $98.86, for a total value of $1,680,620.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Bernstein H. Carol Eckstein sold 19,425 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $101.51, for a total transaction of $1,971,831.75. Following the completion of the transaction, the vice president now directly owns 57,487 shares in the company, valued at $5,835,505.37. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 62,897 shares of company stock worth $6,272,025. Insiders own 3.30% of the company’s stock.

Several research firms have recently commented on CCMP. BidaskClub raised shares of Cabot Microelectronics from a “buy” rating to a “strong-buy” rating in a research note on Friday. Needham & Company LLC reissued a “buy” rating and set a $120.00 price target (up from $110.00) on shares of Cabot Microelectronics in a research note on Friday, January 26th. Zacks Investment Research raised shares of Cabot Microelectronics from a “hold” rating to a “buy” rating and set a $114.00 price target on the stock in a research note on Thursday, February 1st. Seaport Global Securities reissued a “buy” rating and set a $112.00 price target on shares of Cabot Microelectronics in a research note on Monday, January 29th. Finally, Loop Capital increased their price target on shares of Cabot Microelectronics from $108.00 to $112.00 and gave the company a “buy” rating in a research note on Friday, January 26th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Cabot Microelectronics currently has a consensus rating of “Buy” and a consensus price target of $110.40.

Cabot Microelectronics Co. (NASDAQ:CCMP) opened at $101.30 on Friday. Cabot Microelectronics Co. has a 52 week low of $68.00 and a 52 week high of $105.69. The stock has a market cap of $2,626.98, a P/E ratio of 42.39 and a beta of 1.46. The company has a quick ratio of 5.71, a current ratio of 6.53 and a debt-to-equity ratio of 0.21.

Cabot Microelectronics (NASDAQ:CCMP) last announced its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.17. Cabot Microelectronics had a net margin of 11.74% and a return on equity of 16.99%. The firm had revenue of $140.00 million for the quarter, compared to analysts’ expectations of $137.90 million. During the same period last year, the firm earned $0.92 earnings per share. The business’s revenue for the quarter was up 13.5% on a year-over-year basis. equities research analysts predict that Cabot Microelectronics Co. will post 4.71 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 30th. Shareholders of record on Friday, December 22nd were paid a $0.20 dividend. The ex-dividend date was Thursday, December 21st. This represents a $0.80 dividend on an annualized basis and a yield of 0.79%. Cabot Microelectronics’s payout ratio is presently 33.47%.

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About Cabot Microelectronics

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 (NASDAQ:CCMP)

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