Shaker Investments LLC OH grew its holdings in shares of Cabot Microelectronics Co. (NASDAQ:CCMP) by 152.6% in the 1st quarter, Holdings Channel reports. The firm owned 16,043 shares of the semiconductor company’s stock after acquiring an additional 9,693 shares during the quarter. Cabot Microelectronics accounts for approximately 1.2% of Shaker Investments LLC OH’s investment portfolio, making the stock its 28th biggest holding. Shaker Investments LLC OH’s holdings in Cabot Microelectronics were worth $1,796,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Enlightenment Research LLC purchased a new stake in Cabot Microelectronics in the 4th quarter worth about $29,000. Huntington National Bank acquired a new stake in Cabot Microelectronics during the 4th quarter worth about $30,000. Private Capital Group LLC lifted its position in Cabot Microelectronics by 1,627.3% during the 4th quarter. Private Capital Group LLC now owns 380 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 358 shares during the period. IFP Advisors Inc lifted its position in Cabot Microelectronics by 250.0% during the 4th quarter. IFP Advisors Inc now owns 427 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 305 shares during the period. Finally, Quadrant Capital Group LLC lifted its position in Cabot Microelectronics by 121.2% during the 1st quarter. Quadrant Capital Group LLC now owns 427 shares of the semiconductor company’s stock worth $44,000 after acquiring an additional 234 shares during the period. 97.83% of the stock is owned by hedge funds and other institutional investors.
Shares of CCMP stock traded up $0.78 on Tuesday, hitting $108.04. The company had a trading volume of 26,721 shares, compared to its average volume of 276,205. The stock has a market cap of $3.27 billion, a PE ratio of 20.70 and a beta of 1.20. The company has a quick ratio of 2.34, a current ratio of 3.40 and a debt-to-equity ratio of 0.96. Cabot Microelectronics Co. has a twelve month low of $82.24 and a twelve month high of $129.94.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Thursday, March 21st were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Wednesday, March 20th. This is a boost from Cabot Microelectronics’s previous quarterly dividend of $0.40. Cabot Microelectronics’s payout ratio is 32.18%.
In other news, VP Jeffrey Michael Dysard sold 3,133 shares of the business’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $104.88, for a total value of $328,589.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.20% of the company’s stock.
CCMP has been the subject of a number of research reports. BidaskClub raised Cabot Microelectronics from a “hold” rating to a “buy” rating in a research report on Thursday, February 28th. Zacks Investment Research cut Cabot Microelectronics from a “hold” rating to a “sell” rating in a report on Thursday, January 17th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Cabot Microelectronics currently has an average rating of “Hold” and an average price target of $124.33.
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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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