Selz Capital LLC Makes New Investment in Cabot Microelectronics Co. (NASDAQ:CCMP)

Selz Capital LLC bought a new position in Cabot Microelectronics Co. (NASDAQ:CCMP) during the 4th quarter, Holdings Channel reports. The institutional investor bought 5,700 shares of the semiconductor company’s stock, valued at approximately $822,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Carroll Financial Associates Inc. boosted its holdings 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 acquiring an additional 273 shares in the last quarter. Evoke Wealth LLC bought a new position in shares of Cabot Microelectronics during the third quarter valued at $50,000. Metropolitan Life Insurance Co NY lifted its holdings in shares of Cabot Microelectronics by 2.7% during the third quarter. Metropolitan Life Insurance Co NY now owns 8,941 shares of the semiconductor company’s stock valued at $1,263,000 after purchasing an additional 233 shares in the last quarter. Millennium Management LLC bought a new position in shares of Cabot Microelectronics during the third quarter valued at $350,000. Finally, Symmetry Peak Management LLC bought a new position in Cabot Microelectronics during the 3rd quarter valued at about $251,000. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:CCMP traded up $1.15 during trading on Thursday, hitting $153.70. The company’s stock had a trading volume of 3,401 shares, compared to its average volume of 233,959. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.97 and a quick ratio of 2.12. The firm has a market cap of $4.43 billion, a price-to-earnings ratio of 22.82 and a beta of 1.32. The company has a 50-day moving average of $139.81 and a 200-day moving average of $133.34. Cabot Microelectronics Co. has a 12 month low of $92.92 and a 12 month high of $160.81.

Cabot Microelectronics (NASDAQ:CCMP) last announced its earnings results on Sunday, November 17th. The semiconductor company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.05. Cabot Microelectronics had a net margin of 3.78% and a return on equity of 21.12%. The company had revenue of $278.65 million during the quarter, compared to analyst estimates of $278.90 million. As a group, research analysts anticipate that Cabot Microelectronics Co. will post 7.21 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Friday, December 20th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Thursday, December 19th. Cabot Microelectronics’s dividend payout ratio is presently 25.00%.

In other news, VP Jeffrey Michael Dysard sold 10,291 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $131.80, for a total transaction of $1,356,353.80. Following the completion of the sale, the vice president now owns 7,274 shares of the company’s stock, valued at approximately $958,713.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.20% of the company’s stock.

A number of brokerages have recently issued reports on CCMP. TheStreet downgraded shares of Cabot Microelectronics from an “a” rating to a “c+” rating in a report on Monday, November 18th. Seaport Global Securities cut Cabot Microelectronics from a “buy” rating to a “neutral” rating in a report on Wednesday, October 30th. Zacks Investment Research upgraded Cabot Microelectronics from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Loop Capital raised Cabot Microelectronics from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $156.00 to $163.00 in a report on Wednesday, December 18th. Finally, Buckingham Research reiterated a “buy” rating and set a $170.00 price objective (up previously from $150.00) on shares of Cabot Microelectronics in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $152.60.

About Cabot Microelectronics

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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