Bank of Montreal Can raised its position in Cabot Microelectronics Co. (NASDAQ:CCMP) by 63.2% during the first quarter, Holdings Channel reports. The fund owned 2,374 shares of the semiconductor company’s stock after buying an additional 919 shares during the period. Bank of Montreal Can’s holdings in Cabot Microelectronics were worth $182,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. Elkfork Partners LLC acquired a new position in Cabot Microelectronics during the fourth quarter worth about $127,000. Tudor Investment Corp Et Al acquired a new position in Cabot Microelectronics during the fourth quarter worth about $314,000. First Republic Investment Management Inc. increased its position in Cabot Microelectronics by 36.3% in the fourth quarter. First Republic Investment Management Inc. now owns 5,548 shares of the semiconductor company’s stock worth $350,000 after buying an additional 1,479 shares during the last quarter. Summit Global Investments acquired a new position in Cabot Microelectronics during the fourth quarter worth about $556,000. Finally, Guggenheim Capital LLC acquired a new position in Cabot Microelectronics during the fourth quarter worth about $619,000. 94.80% of the stock is currently owned by institutional investors.
Shares of Cabot Microelectronics Co. (NASDAQ CCMP) opened at 76.49 on Tuesday. Cabot Microelectronics Co. has a 1-year low of $40.38 and a 1-year high of $79.99. The company has a market cap of $1.91 billion, a PE ratio of 23.91 and a beta of 1.33. The firm’s 50-day moving average is $76.14 and its 200-day moving average is $69.43.
Cabot Microelectronics (NASDAQ:CCMP) last announced its earnings results on Thursday, April 27th. The semiconductor company reported $0.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.09. The business had revenue of $119.20 million during the quarter, compared to the consensus estimate of $114.87 million. Cabot Microelectronics had a return on equity of 15.81% and a net margin of 15.53%. The business’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 EPS. On average, equities analysts forecast that Cabot Microelectronics Co. will post $3.46 earnings per share for the current fiscal year.
A number of equities analysts recently issued reports on the stock. Aegis raised shares of Cabot Microelectronics from a “hold” rating to a “buy” rating in a report on Friday, March 17th. Citigroup Inc raised their price objective on shares of Cabot Microelectronics to $75.00 and gave the stock a “neutral” rating in a report on Monday, March 20th. In related news, VP Ananth Naman sold 49,131 shares of the stock in a transaction on Monday, March 13th. The stock was sold at an average price of $69.16, for a total value of $3,397,899.96. Following the completion of the transaction, the vice president now directly owns 24,683 shares of the company’s stock, valued at approximately $1,707,076.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas S. Roman sold 8,545 shares of the stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $78.01, for a total value of $666,595.45. Following the completion of the transaction, the insider now directly owns 16,948 shares of the company’s stock, valued at $1,322,113.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 180,557 shares of company stock valued at $13,431,469. Corporate insiders own 5.50% of the company’s stock.
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