Mutual of America Capital Management LLC acquired a new stake in Cabot Microelectronics Co. (NASDAQ:CCMP) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,100 shares of the semiconductor company’s stock, valued at approximately $1,515,000.

Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Cabot Microelectronics by 7.3% in the second quarter. Vanguard Group Inc. now owns 2,355,224 shares of the semiconductor company’s stock valued at $173,886,000 after acquiring an additional 160,668 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Cabot Microelectronics by 1.3% in the third quarter. JPMorgan Chase & Co. now owns 1,882,237 shares of the semiconductor company’s stock valued at $147,623,000 after acquiring an additional 24,159 shares in the last quarter. Earnest Partners LLC lifted its position in shares of Cabot Microelectronics by 1.4% in the third quarter. Earnest Partners LLC now owns 1,288,634 shares of the semiconductor company’s stock valued at $103,001,000 after acquiring an additional 18,153 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of Cabot Microelectronics by 97.2% in the third quarter. Neuberger Berman Group LLC now owns 986,513 shares of the semiconductor company’s stock valued at $78,852,000 after acquiring an additional 486,275 shares in the last quarter. Finally, Royce & Associates LP lifted its position in shares of Cabot Microelectronics by 17.0% in the third quarter. Royce & Associates LP now owns 724,192 shares of the semiconductor company’s stock valued at $57,885,000 after acquiring an additional 105,067 shares in the last quarter. Institutional investors and hedge funds own 92.93% of the company’s stock.

Several analysts have recently issued reports on the company. Seaport Global Securities restated a “buy” rating and issued a $112.00 price objective on shares of Cabot Microelectronics in a research report on Monday, January 29th. Zacks Investment Research upgraded Cabot Microelectronics from a “hold” rating to a “buy” rating and set a $114.00 price objective on the stock in a research report on Thursday, February 1st. Needham & Company LLC restated a “buy” rating and issued a $120.00 price objective (up from $110.00) on shares of Cabot Microelectronics in a research report on Friday, January 26th. Loop Capital increased their target price on Cabot Microelectronics from $108.00 to $112.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Finally, BidaskClub upgraded Cabot Microelectronics from a “hold” rating to a “buy” rating in a research report on Friday, January 5th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $110.40.

Cabot Microelectronics Co. (NASDAQ CCMP) opened at $99.50 on Thursday. Cabot Microelectronics Co. has a 12-month low of $67.55 and a 12-month high of $105.69. The firm has a market capitalization of $2,484.33, a PE ratio of 41.63 and a beta of 1.46. The company has a debt-to-equity ratio of 0.21, a quick ratio of 5.71 and a current ratio of 6.53.

Cabot Microelectronics (NASDAQ:CCMP) last released its earnings results on Thursday, January 25th. The semiconductor company reported $1.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.17. Cabot Microelectronics had a negative return on equity of 2.06% and a negative net margin of 2.20%. The firm had revenue of $140.00 million for the quarter, compared to the consensus estimate of $137.90 million. During the same period in the prior year, the business posted $0.92 earnings per share. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. analysts predict that Cabot Microelectronics Co. will post 4.71 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 30th. Investors of record on Friday, December 22nd were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, December 21st. This represents a $0.80 annualized dividend and a yield of 0.80%. Cabot Microelectronics’s dividend payout ratio (DPR) is presently 33.47%.

In related news, insider David H. Li sold 10,425 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $98.48, for a total transaction of $1,026,654.00. Following the transaction, the insider now directly owns 83,268 shares in the company, valued at $8,200,232.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David H. Li sold 17,000 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $102.13, for a total value of $1,736,210.00. Following the transaction, the insider now owns 77,892 shares in the company, valued at $7,955,109.96. The disclosure for this sale can be found here. Insiders have sold 64,417 shares of company stock worth $6,437,629 over the last quarter. 3.30% of the stock is currently owned by company insiders.

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About Cabot Microelectronics

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.

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

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