GSA Capital Partners LLP Has $593,000 Stake in Cabot Microelectronics Corporation (CCMP)

GSA Capital Partners LLP trimmed its holdings in Cabot Microelectronics Corporation (NASDAQ:CCMP) by 37.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,037 shares of the semiconductor company’s stock after selling 4,763 shares during the period. GSA Capital Partners LLP’s holdings in Cabot Microelectronics Corporation were worth $593,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CCMP. Eagle Asset Management Inc. grew its position in Cabot Microelectronics Corporation by 254.9% in the second quarter. Eagle Asset Management Inc. now owns 146,483 shares of the semiconductor company’s stock worth $10,814,000 after acquiring an additional 105,214 shares in the last quarter. Mason Street Advisors LLC lifted its stake in Cabot Microelectronics Corporation by 10.6% in the first quarter. Mason Street Advisors LLC now owns 5,853 shares of the semiconductor company’s stock worth $448,000 after purchasing an additional 559 shares during the last quarter. Vanguard Group Inc. lifted its stake in Cabot Microelectronics Corporation by 7.6% in the first quarter. Vanguard Group Inc. now owns 2,194,556 shares of the semiconductor company’s stock worth $168,125,000 after purchasing an additional 154,495 shares during the last quarter. Arizona State Retirement System lifted its stake in Cabot Microelectronics Corporation by 0.8% in the second quarter. Arizona State Retirement System now owns 13,157 shares of the semiconductor company’s stock worth $971,000 after purchasing an additional 100 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Cabot Microelectronics Corporation by 15.7% during the first quarter. PNC Financial Services Group Inc. now owns 3,587 shares of the semiconductor company’s stock valued at $276,000 after acquiring an additional 486 shares during the last quarter. Hedge funds and other institutional investors own 93.85% of the company’s stock.

A number of equities research analysts have weighed in on CCMP shares. BidaskClub cut shares of Cabot Microelectronics Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Needham & Company LLC upgraded shares of Cabot Microelectronics Corporation from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research report on Tuesday, June 27th. Seaport Global Securities assumed coverage on shares of Cabot Microelectronics Corporation in a research note on Wednesday, September 6th. They set a “buy” rating for the company. Zacks Investment Research raised shares of Cabot Microelectronics Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 30th. Finally, Loop Capital initiated coverage on shares of Cabot Microelectronics Corporation in a research note on Thursday, September 28th. They issued a “buy” rating and a $94.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $84.67.

In other Cabot Microelectronics Corporation news, Director Barbara A. Klein sold 12,502 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $71.69, for a total value of $896,268.38. Following the transaction, the director now directly owns 34,561 shares of the company’s stock, valued at approximately $2,477,678.09. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Daniel D. Woodland sold 432 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $74.90, for a total value of $32,356.80. Following the completion of the transaction, the vice president now directly owns 17,588 shares in the company, valued at $1,317,341.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,740 shares of company stock valued at $1,799,554. 5.50% of the stock is owned by company insiders.

Cabot Microelectronics Corporation (NASDAQ:CCMP) opened at 83.57 on Wednesday. The stock has a 50 day moving average of $75.88 and a 200-day moving average of $75.15. The stock has a market cap of $2.11 billion, a P/E ratio of 26.07 and a beta of 1.47. Cabot Microelectronics Corporation has a 12 month low of $50.66 and a 12 month high of $84.10.

Cabot Microelectronics Corporation (NASDAQ:CCMP) last issued its earnings results on Thursday, July 27th. The semiconductor company reported $0.81 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.03). Cabot Microelectronics Corporation had a return on equity of 16.08% and a net margin of 16.41%. The firm had revenue of $128.00 million for the quarter, compared to analysts’ expectations of $122.17 million. During the same quarter in the previous year, the firm posted $0.79 EPS. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. On average, equities analysts forecast that Cabot Microelectronics Corporation will post $3.35 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Shareholders of record on Monday, September 25th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Friday, September 22nd. Cabot Microelectronics Corporation’s dividend payout ratio is presently 25.08%.

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Cabot Microelectronics Corporation 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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