CMC Materials, Inc. (NASDAQ:CCMP) Shares Sold by Bridge City Capital LLC

Bridge City Capital LLC trimmed its stake in CMC Materials, Inc. (NASDAQ:CCMPGet Rating) by 0.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,195 shares of the semiconductor company’s stock after selling 81 shares during the quarter. CMC Materials makes up 1.5% of Bridge City Capital LLC’s holdings, making the stock its 20th largest holding. Bridge City Capital LLC owned about 0.06% of CMC Materials worth $3,188,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Gamco Investors INC. ET AL grew its holdings in shares of CMC Materials by 16.6% in the 1st quarter. Gamco Investors INC. ET AL now owns 17,600 shares of the semiconductor company’s stock worth $3,263,000 after acquiring an additional 2,500 shares during the last quarter. Walleye Capital LLC grew its holdings in shares of CMC Materials by 127.9% during the first quarter. Walleye Capital LLC now owns 17,943 shares of the semiconductor company’s stock valued at $3,327,000 after buying an additional 10,069 shares in the last quarter. Weiss Multi Strategy Advisers LLC grew its holdings in shares of CMC Materials by 150.5% during the first quarter. Weiss Multi Strategy Advisers LLC now owns 26,933 shares of the semiconductor company’s stock valued at $4,993,000 after buying an additional 16,181 shares in the last quarter. Glazer Capital LLC grew its holdings in shares of CMC Materials by 167.1% during the first quarter. Glazer Capital LLC now owns 299,180 shares of the semiconductor company’s stock valued at $55,468,000 after buying an additional 187,151 shares in the last quarter. Finally, Quantamental Technologies LLC purchased a new position in shares of CMC Materials during the first quarter valued at $214,000. 93.72% of the stock is currently owned by institutional investors and hedge funds.

CMC Materials Stock Performance

Shares of NASDAQ CCMP opened at $173.69 on Wednesday. The business’s 50-day moving average price is $173.69 and its two-hundred day moving average price is $177.09. The company has a debt-to-equity ratio of 0.95, a current ratio of 3.15 and a quick ratio of 2.22. CMC Materials, Inc. has a one year low of $119.19 and a one year high of $197.00. The company has a market capitalization of $4.97 billion, a P/E ratio of 45.47 and a beta of 1.09.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on CMC Materials in a report on Saturday. They set a “buy” rating on the stock. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $197.25.

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.

See Also

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

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