Edmond DE Rothschild Holding S.A. acquired a new stake in CMC Materials, Inc. (NASDAQ:CCMP – Get Rating) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,547 shares of the semiconductor company’s stock, valued at approximately $297,000.
A number of other hedge funds have also recently made changes to their positions in the business. Principal Financial Group Inc. lifted its holdings in CMC Materials by 3.9% in the 4th quarter. Principal Financial Group Inc. now owns 135,118 shares of the semiconductor company’s stock valued at $25,901,000 after purchasing an additional 5,117 shares in the last quarter. Holderness Investments Co. purchased a new position in CMC Materials in the 4th quarter valued at $258,000. Wolverine Asset Management LLC purchased a new position in CMC Materials in the 4th quarter valued at $38,000. First Horizon Advisors Inc. lifted its holdings in CMC Materials by 72.0% in the 4th quarter. First Horizon Advisors Inc. now owns 215 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 90 shares in the last quarter. Finally, L & S Advisors Inc purchased a new position in shares of CMC Materials during the 4th quarter worth $575,000. Institutional investors own 93.72% of the company’s stock.
Several research analysts have recently commented on CCMP shares. Zacks Investment Research upgraded CMC Materials from a “hold” rating to a “buy” rating and set a $196.00 price target on the stock in a report on Monday, April 11th. CL King lowered CMC Materials from a “buy” rating to a “neutral” rating in a report on Thursday, April 7th. Mizuho lowered CMC Materials from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $155.00 to $197.00 in a report on Friday, February 4th. Finally, StockNews.com upgraded CMC Materials from a “hold” rating to a “buy” rating in a report on Friday. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $187.13.
CMC Materials (NASDAQ:CCMP – Get Rating) last issued its quarterly earnings data on Wednesday, May 4th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.11. CMC Materials had a net margin of 8.85% and a return on equity of 23.55%. During the same period last year, the company posted $1.71 EPS. Equities research analysts forecast that CMC Materials, Inc. will post 7.55 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, April 22nd. Shareholders of record on Wednesday, March 23rd were given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.05%. The ex-dividend date was Tuesday, March 22nd. CMC Materials’s dividend payout ratio is currently 48.17%.
CMC Materials Company Profile (Get Rating)
CMC Materials, Inc, together with its subsidiaries, provides consumable materials to semiconductor manufacturers, and pipeline and adjacent industry customers in North America, Asia, Europe, the Middle East, Africa, and South America. The company operates in two segments, Electronic Materials and Performance Materials.
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