Rothschild Asset Management Inc. Has $9.51 Million Stake in Cabot Microelectronics Corporation (CCMP)

Rothschild Asset Management Inc. decreased its position in shares of Cabot Microelectronics Corporation (NASDAQ:CCMP) by 3.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 118,981 shares of the semiconductor company’s stock after selling 3,669 shares during the quarter. Rothschild Asset Management Inc. owned about 0.47% of Cabot Microelectronics Corporation worth $9,510,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Riverhead Capital Management LLC raised its stake in shares of Cabot Microelectronics Corporation by 88.8% during the second quarter. Riverhead Capital Management LLC now owns 1,699 shares of the semiconductor company’s stock valued at $125,000 after purchasing an additional 799 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Cabot Microelectronics Corporation by 87.5% during the third quarter. DekaBank Deutsche Girozentrale now owns 2,246 shares of the semiconductor company’s stock valued at $157,000 after purchasing an additional 1,048 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Cabot Microelectronics Corporation 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 in the last quarter. Advisor Group Inc. raised its stake in shares of Cabot Microelectronics Corporation by 4.5% during the second quarter. Advisor Group Inc. now owns 2,329 shares of the semiconductor company’s stock valued at $172,000 after purchasing an additional 100 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Cabot Microelectronics Corporation by 17.7% during the second quarter. Victory Capital Management Inc. now owns 2,764 shares of the semiconductor company’s stock valued at $204,000 after purchasing an additional 415 shares in the last quarter. 89.29% of the stock is owned by institutional investors.

Shares of Cabot Microelectronics Corporation (NASDAQ:CCMP) opened at $101.70 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.04 and a quick ratio of 5.25. Cabot Microelectronics Corporation has a 1 year low of $57.97 and a 1 year high of $102.92. The company has a market cap of $2,551.41, a PE ratio of 28.26 and a beta of 1.43.

Cabot Microelectronics Corporation (NASDAQ:CCMP) last issued its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.87 by $0.20. Cabot Microelectronics Corporation had a net margin of 17.10% and a return on equity of 16.27%. The firm had revenue of $136.80 million for the quarter, compared to analysts’ expectations of $132.18 million. During the same period in the previous year, the business earned $0.91 earnings per share. Cabot Microelectronics Corporation’s revenue for the quarter was up 11.5% compared to the same quarter last year. equities analysts anticipate that Cabot Microelectronics Corporation will post 4.02 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 30th. Shareholders of record on Monday, September 25th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend was Friday, September 22nd. Cabot Microelectronics Corporation’s dividend payout ratio (DPR) is presently 23.60%.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Cabot Microelectronics Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Loop Capital assumed coverage on shares of Cabot Microelectronics Corporation in a research note on Thursday, September 28th. They set a “buy” rating and a $94.00 price objective on the stock. Needham & Company LLC restated a “buy” rating and set a $85.00 price objective on shares of Cabot Microelectronics Corporation in a research note on Tuesday, September 19th. Seaport Global Securities assumed coverage on shares of Cabot Microelectronics Corporation in a research note on Wednesday, September 6th. They set a “buy” rating on the stock. Finally, Citigroup Inc. lifted their price objective on shares of Cabot Microelectronics Corporation from $80.00 to $94.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $99.75.

In other Cabot Microelectronics Corporation news, Director Richard Hill sold 15,638 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $94.58, for a total transaction of $1,479,042.04. Following the sale, the director now owns 15,104 shares in the company, valued at approximately $1,428,536.32. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider David H. Li sold 10,425 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $98.48, for a total value of $1,026,654.00. Following the sale, the insider now owns 83,268 shares in the company, valued at approximately $8,200,232.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 64,227 shares of company stock worth $6,228,388. 5.50% of the stock is owned by company insiders.

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About Cabot Microelectronics Corporation

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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