SG Americas Securities LLC Trims Holdings in CMC Materials, Inc. (NASDAQ:CCMP)

SG Americas Securities LLC lessened its holdings in shares of CMC Materials, Inc. (NASDAQ:CCMPGet Rating) by 79.1% during the first quarter, Holdings Channel reports. The firm owned 2,477 shares of the semiconductor company’s stock after selling 9,355 shares during the quarter. SG Americas Securities LLC’s holdings in CMC Materials were worth $459,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Eaton Vance Management grew its holdings in shares of CMC Materials by 2.3% during the 4th quarter. Eaton Vance Management now owns 3,031 shares of the semiconductor company’s stock worth $486,000 after acquiring an additional 68 shares during the period. First Horizon Advisors Inc. grew its holdings in shares of CMC Materials by 72.0% during the 4th quarter. First Horizon Advisors Inc. now owns 215 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 90 shares during the period. Rockefeller Capital Management L.P. grew its holdings in shares of CMC Materials by 51.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 329 shares of the semiconductor company’s stock worth $62,000 after acquiring an additional 112 shares during the period. Confluence Wealth Services Inc. purchased a new position in shares of CMC Materials during the 4th quarter worth approximately $37,000. Finally, Wolverine Asset Management LLC purchased a new position in shares of CMC Materials during the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 93.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on CMC Materials in a report on Monday, August 1st. They set a “buy” rating on the stock. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, CMC Materials presently has a consensus rating of “Hold” and an average price target of $197.25.

Insider Transactions at CMC Materials

In other news, Director Susan M. Whitney sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, May 9th. The stock was sold at an average price of $177.99, for a total value of $1,334,925.00. Following the sale, the director now directly owns 12,047 shares of the company’s stock, valued at approximately $2,144,245.53. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.40% of the company’s stock.

CMC Materials Stock Performance

Shares of CCMP opened at $173.69 on Friday. The company has a quick ratio of 2.22, a current ratio of 3.15 and a debt-to-equity ratio of 0.95. The business’s 50 day moving average price is $175.21 and its 200-day moving average price is $178.87. CMC Materials, Inc. has a 52 week low of $119.19 and a 52 week high of $197.00. The stock has a market cap of $4.97 billion, a P/E ratio of 45.47 and a beta of 1.09.

CMC Materials (NASDAQ:CCMPGet Rating) last issued its quarterly earnings results on Wednesday, May 4th. The semiconductor company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.11. CMC Materials had a return on equity of 23.55% and a net margin of 8.85%. The firm had revenue of $324.13 million for the quarter, compared to analysts’ expectations of $312.90 million. During the same period in the previous year, the firm posted $1.71 EPS. Equities research analysts anticipate that CMC Materials, Inc. will post 7.55 earnings per share for the current fiscal year.

CMC Materials 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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Institutional Ownership by Quarter for CMC Materials (NASDAQ:CCMP)

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