APG Asset Management N.V. acquired a new position in shares of Cabot Microelectronics Corporation (NASDAQ:CCMP) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 31,300 shares of the semiconductor company’s stock, valued at approximately $2,502,000. APG Asset Management N.V. owned about 0.12% of Cabot Microelectronics Corporation as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Alps Advisors Inc. boosted its stake in shares of Cabot Microelectronics Corporation by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 6,872 shares of the semiconductor company’s stock valued at $507,000 after purchasing an additional 18 shares during the last quarter. BB&T Securities LLC boosted its stake in shares of Cabot Microelectronics Corporation by 0.6% in the 2nd quarter. BB&T Securities LLC now owns 8,468 shares of the semiconductor company’s stock valued at $625,000 after purchasing an additional 48 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Cabot Microelectronics Corporation by 1.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the semiconductor company’s stock valued at $760,000 after purchasing an additional 100 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Cabot Microelectronics Corporation by 0.8% in the 2nd quarter. Arizona State Retirement System now owns 13,157 shares of the semiconductor company’s stock valued at $971,000 after purchasing an additional 100 shares during the last quarter. Finally, Advisor Group Inc. boosted its stake in shares of Cabot Microelectronics Corporation by 4.5% in the 2nd 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 during the last quarter. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider William S. Johnson sold 17,594 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $96.38, for a total value of $1,695,709.72. Following the sale, the insider now directly owns 100,699 shares in the company, valued at approximately $9,705,369.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard Hill sold 15,638 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $94.58, for a total transaction of $1,479,042.04. Following the completion of the sale, the director now owns 15,104 shares in the company, valued at $1,428,536.32. The disclosure for this sale can be found here. Insiders sold a total of 37,707 shares of company stock worth $3,602,458 over the last quarter. 5.50% of the stock is currently owned by corporate insiders.

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Shares of Cabot Microelectronics Corporation (CCMP) opened at $97.26 on Wednesday. The firm has a market cap of $2,466.84, a P/E ratio of 27.38 and a beta of 1.43. 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 52-week low of $54.18 and a 52-week high of $98.33.

Cabot Microelectronics Corporation (NASDAQ:CCMP) last announced its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.20. The business had revenue of $136.80 million for the quarter, compared to the consensus estimate of $132.18 million. Cabot Microelectronics Corporation had a net margin of 17.10% and a return on equity of 16.27%. Cabot Microelectronics Corporation’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period last year, the company posted $0.91 EPS. research analysts predict that Cabot Microelectronics Corporation will post 4.02 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 30th. Investors of record on Monday, September 25th were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, September 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.82%. Cabot Microelectronics Corporation’s dividend payout ratio is 23.60%.

Several research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Cabot Microelectronics Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. Loop Capital assumed coverage on shares of Cabot Microelectronics Corporation in a research note on Thursday, September 28th. They issued a “buy” rating and a $94.00 target price on the stock. BidaskClub lowered shares of Cabot Microelectronics Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $85.00 target price on shares of Cabot Microelectronics Corporation in a research note on Tuesday, September 19th. Finally, Seaport Global Securities assumed coverage on shares of Cabot Microelectronics Corporation in a research note on Wednesday, September 6th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $99.75.

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.

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

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