Standard Life Aberdeen plc Acquires 131,890 Shares of Cabot Microelectronics Co. (NASDAQ:CCMP)

Standard Life Aberdeen plc lifted its holdings in Cabot Microelectronics Co. (NASDAQ:CCMP) by 70.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 320,298 shares of the semiconductor company’s stock after purchasing an additional 131,890 shares during the period. Standard Life Aberdeen plc’s holdings in Cabot Microelectronics were worth $46,226,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Steward Partners Investment Advisory LLC purchased a new position in Cabot Microelectronics during the 4th quarter valued at $28,000. Great Diamond Partners LLC purchased a new stake in Cabot Microelectronics in the fourth quarter worth $29,000. Carroll Financial Associates Inc. increased its stake in Cabot Microelectronics by 1,365.0% in the fourth quarter. Carroll Financial Associates Inc. now owns 293 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 273 shares during the period. Meeder Asset Management Inc. purchased a new stake in Cabot Microelectronics in the fourth quarter worth $43,000. Finally, Evoke Wealth LLC bought a new stake in shares of Cabot Microelectronics during the third quarter worth $50,000. 99.49% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Cabot Microelectronics from a “hold” rating to a “sell” rating in a research note on Tuesday, February 11th. BidaskClub lowered shares of Cabot Microelectronics from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 12th. ValuEngine raised shares of Cabot Microelectronics from a “sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. Sanford C. Bernstein reissued a “sell” rating on shares of Cabot Microelectronics in a research report on Tuesday, February 11th. Finally, Loop Capital upgraded shares of Cabot Microelectronics from a “hold” rating to a “buy” rating and upped their target price for the stock from $156.00 to $163.00 in a research note on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $147.00.

NASDAQ CCMP traded up $15.54 on Thursday, reaching $118.08. 337,062 shares of the stock traded hands, compared to its average volume of 286,138. Cabot Microelectronics Co. has a 12 month low of $85.26 and a 12 month high of $169.13. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 54.67 and a beta of 1.31. The company has a fifty day moving average price of $136.63 and a 200-day moving average price of $141.84. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.34 and a current ratio of 3.33.

Cabot Microelectronics (NASDAQ:CCMP) last posted its quarterly earnings results on Wednesday, February 5th. The semiconductor company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.21. The business had revenue of $283.14 million for the quarter, compared to the consensus estimate of $281.60 million. Cabot Microelectronics had a return on equity of 19.66% and a net margin of 5.85%. As a group, research analysts anticipate that Cabot Microelectronics Co. will post 7.28 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Tuesday, March 24th will be paid a $0.44 dividend. The ex-dividend date is Monday, March 23rd. This is a positive change from Cabot Microelectronics’s previous quarterly dividend of $0.42. This represents a $1.76 dividend on an annualized basis and a yield of 1.49%. Cabot Microelectronics’s dividend payout ratio is 26.19%.

In related news, CEO David H. Li sold 38,850 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $160.69, for a total value of $6,242,806.50. Following the completion of the transaction, the chief executive officer now owns 104,445 shares of the company’s stock, valued at $16,783,267.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Bernstein H. Carol Eckstein sold 8,075 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $160.64, for a total value of $1,297,168.00. Following the sale, the vice president now owns 47,413 shares of the company’s stock, valued at approximately $7,616,424.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 58,135 shares of company stock valued at $9,374,123. 2.40% of the stock is owned by insiders.

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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Institutional Ownership by Quarter for Cabot Microelectronics (NASDAQ:CCMP)

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