Mckinley Capital Management LLC Delaware Has $4.20 Million Holdings in Cabot Microelectronics Corporation (CCMP)

Mckinley Capital Management LLC Delaware raised its holdings in Cabot Microelectronics Corporation (NASDAQ:CCMP) by 1.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,576 shares of the semiconductor company’s stock after buying an additional 800 shares during the period. Mckinley Capital Management LLC Delaware owned about 0.21% of Cabot Microelectronics worth $4,202,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Alps Advisors Inc. raised its stake in Cabot Microelectronics by 0.3% in the second quarter. Alps Advisors Inc. now owns 6,872 shares of the semiconductor company’s stock valued at $507,000 after buying an additional 18 shares in the last quarter. BB&T Securities LLC raised its stake in Cabot Microelectronics by 0.6% in the second quarter. BB&T Securities LLC now owns 8,468 shares of the semiconductor company’s stock valued at $625,000 after buying an additional 48 shares in the last quarter. Advisor Group Inc. raised its stake in Cabot Microelectronics by 4.5% in the second quarter. Advisor Group Inc. now owns 2,329 shares of the semiconductor company’s stock valued at $172,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System increased its position in shares of Cabot Microelectronics by 0.8% during the second quarter. Arizona State Retirement System now owns 13,157 shares of the semiconductor company’s stock worth $971,000 after purchasing an additional 100 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its position in shares of Cabot Microelectronics by 1.0% during the second quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the semiconductor company’s stock worth $760,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 93.13% of the company’s stock.

A number of analysts have recently commented on the company. Zacks Investment Research cut Cabot Microelectronics from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Loop Capital assumed coverage on Cabot Microelectronics in a research report on Thursday, September 28th. They set a “buy” rating and a $94.00 target price on the stock. BidaskClub cut Cabot Microelectronics from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Needham & Company LLC reiterated a “buy” rating and set a $85.00 target price on shares of Cabot Microelectronics in a research report on Tuesday, September 19th. Finally, Citigroup lifted their target price on Cabot Microelectronics from $80.00 to $94.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $99.75.

In related news, Director Richard Hill sold 15,638 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $94.58, for a total value of $1,479,042.04. Following the transaction, the director now owns 15,104 shares in the company, valued at approximately $1,428,536.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Yumiko Damashek sold 2,925 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $95.13, for a total value of $278,255.25. Following the completion of the transaction, the vice president now owns 31,670 shares in the company, valued at approximately $3,012,767.10. The disclosure for this sale can be found here. Insiders sold a total of 64,227 shares of company stock worth $6,228,388 in the last 90 days. 5.50% of the stock is currently owned by insiders.

Shares of Cabot Microelectronics Corporation (NASDAQ:CCMP) opened at $96.68 on Thursday. The company has a current ratio of 6.04, a quick ratio of 5.25 and a debt-to-equity ratio of 0.22. Cabot Microelectronics Corporation has a 52-week low of $57.97 and a 52-week high of $102.92. The company has a market capitalization of $2,561.05, a PE ratio of 28.37 and a beta of 1.43.

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

TRADEMARK VIOLATION WARNING: “Mckinley Capital Management LLC Delaware Has $4.20 Million Holdings in Cabot Microelectronics Corporation (CCMP)” was first published by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this report can be viewed at https://sportsperspectives.com/2017/11/30/mckinley-capital-management-llc-delaware-has-4-20-million-holdings-in-cabot-microelectronics-corporation-ccmp.html.

Cabot Microelectronics Profile

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.

Want to see what other hedge funds are holding CCMP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cabot Microelectronics Corporation (NASDAQ:CCMP).

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

Receive News & Ratings for Cabot Microelectronics Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cabot Microelectronics Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply