Richard Hill Insider Selling for 4,811 Shares of Cabot Microelectronics (CCMP); Tide Point Capital Management LP Raised By $15.12 Million Its Ambarella (AMBA) Stake

Cabot Microelectronics Corp director Richard Hill on the March 12, 2018 unloaded a total of 4,811 shares of the Pinksheet-listed company worth approximately $537,333 US Dollars. This is based on an average stock price per share of $111.7 US Dollars. The sale was performed on March 12, 2018 and was made public in the a Form 4 at the U.S. Security and Exchange Commission’s website. The regulatory filing shows that Richard Hill now owns precisely 0.04% of the Illinois-based company’s market cap

Tide Point Capital Management Lp increased Ambarella Inc (AMBA) stake by 48.91% reported in 2017Q3 SEC filing. Tide Point Capital Management Lp acquired 308,564 shares as Ambarella Inc (AMBA)’s stock rose 13.63%. The Tide Point Capital Management Lp holds 939,465 shares with $46.04 million value, up from 630,901 last quarter. Ambarella Inc now has $1.82 billion valuation. The stock increased 0.63% or $0.34 during the last trading session, reaching $54.65. About 187,210 shares traded. Ambarella, Inc. (NASDAQ:AMBA) has risen 67.32% since March 12, 2017 and is uptrending. It has outperformed by 50.62% the S&P500.

Since September 18, 2017, it had 0 buys, and 11 sales for $3.18 million activity. Wang Feng-Ming sold $540,749 worth of Ambarella, Inc. (NASDAQ:AMBA) on Monday, September 18. Shares for $260,028 were sold by Laplante George on Monday, September 18. Shares for $118,463 were sold by PAISLEY CHRISTOPHER B on Monday, December 11. Chen Yun-Lung had sold 11,340 shares worth $678,132. $300,716 worth of stock was sold by Kohn Leslie on Monday, September 18. $64,094 worth of Ambarella, Inc. (NASDAQ:AMBA) was sold by Day Christopher on Monday, December 18.

Investors sentiment decreased to 1.1 in Q3 2017. Its down 0.11, from 1.21 in 2017Q2. It fall, as 27 investors sold AMBA shares while 45 reduced holdings. 34 funds opened positions while 53 raised stakes. 19.99 million shares or 9.13% more from 18.32 million shares in 2017Q2 were reported. Synovus Fincl Corporation has invested 0% in Ambarella, Inc. (NASDAQ:AMBA). Rothschild Asset Mngmt Inc accumulated 523,017 shares. Bowen Hanes & Com owns 4,500 shares for 0.01% of their portfolio. Deutsche Comml Bank Ag stated it has 505,603 shares or 0.02% of all its holdings. Bluefin Trading Ltd Llc stated it has 0.08% in Ambarella, Inc. (NASDAQ:AMBA). Prelude Mgmt Lc holds 0% or 1,090 shares in its portfolio. Bnp Paribas Arbitrage Sa reported 0% in Ambarella, Inc. (NASDAQ:AMBA). Alphamark Advsrs Ltd Liability stated it has 600 shares. Pacad Invest Ltd owns 0.07% invested in Ambarella, Inc. (NASDAQ:AMBA) for 6,300 shares. Envestnet Asset Management stated it has 8,506 shares or 0% of all its holdings. Advisory Services Network Lc invested in 0.01% or 1,745 shares. Evercore Wealth Mgmt Ltd Liability Corp, New York-based fund reported 1,000 shares. Moreover, Artisan Ptnrs LP has 0.03% invested in Ambarella, Inc. (NASDAQ:AMBA). Greylin Inv Mangement Incorporated has invested 0.3% in Ambarella, Inc. (NASDAQ:AMBA). Cambridge Inv Research Advsr Inc reported 4,785 shares.

Among 21 analysts covering Ambarella Corporation (NASDAQ:AMBA), 14 have Buy rating, 1 Sell and 6 Hold. Therefore 67% are positive. Ambarella Corporation had 70 analyst reports since July 22, 2015 according to SRatingsIntel. As per Thursday, September 10, the company rating was initiated by Ladenburg Thalmann. As per Wednesday, December 23, the company rating was initiated by Craig Hallum. As per Friday, December 4, the company rating was maintained by Stifel Nicolaus. KeyBanc Capital Markets maintained Ambarella, Inc. (NASDAQ:AMBA) on Monday, September 18 with “Hold” rating. The rating was maintained by Pacific Crest with “Buy” on Wednesday, August 26. FBN Securities maintained Ambarella, Inc. (NASDAQ:AMBA) on Friday, December 4 with “Outperform” rating. The firm has “Buy” rating by Roth Capital given on Thursday, September 29. The company was maintained on Friday, December 4 by Topeka Capital Markets. The stock of Ambarella, Inc. (NASDAQ:AMBA) has “Overweight” rating given on Tuesday, March 29 by Morgan Stanley. The stock of Ambarella, Inc. (NASDAQ:AMBA) has “Buy” rating given on Thursday, March 1 by Stifel Nicolaus.

Cabot Microelectronics Corporation, together with its subsidiaries, develops, makes, and sells polishing slurries and pads used in the manufacture of advanced integrated circuit devices in the semiconductor industry in a process called chemical mechanical planarization (CMP). The company has market cap of $2.86 billion. The CMP technology is a polishing process used by IC device manufacturers to planarize or flatten the multiple layers of material that are deposited upon silicon wafers. It has a 47.04 P/E ratio. The firm offers CMP slurries, which are liquid solutions composed of high-purity deionized water, proprietary chemical additives, and engineered abrasives that chemically and mechanically interact with the surface material of the IC device at an atomic level; and CMP pads that are engineered polymeric materials designed to distribute and transport the slurry to the surface of the wafer and distribute it evenly across the wafer.

Since October 30, 2017, it had 0 insider buys, and 7 sales for $8.98 million activity. $278,255 worth of Cabot Microelectronics Corporation (NASDAQ:CCMP) shares were sold by Damashek Yumiko. $83,206 worth of stock was sold by ECKSTEIN BERNSTEIN H CAROL on Thursday, December 14. NOGLOWS WILLIAM P sold $1.68M worth of stock. HILL RICHARD also sold $1.48 million worth of Cabot Microelectronics Corporation (NASDAQ:CCMP) on Monday, October 30. Li David H sold 17,000 shares worth $1.74M.

The stock decreased 0.74% or $0.85 during the last trading session, reaching $113.37. About 28,359 shares traded. Cabot Microelectronics Corporation (NASDAQ:CCMP) has risen 87.31% since March 12, 2017 and is uptrending. It has outperformed by 70.61% the S&P500.

Analysts await Cabot Microelectronics Corporation (NASDAQ:CCMP) to report earnings on April, 26. They expect $1.05 earnings per share, up 38.16% or $0.29 from last year’s $0.76 per share. CCMP’s profit will be $26.48M for 26.99 P/E if the $1.05 EPS becomes a reality. After $1.19 actual earnings per share reported by Cabot Microelectronics Corporation for the previous quarter, Wall Street now forecasts -11.76% negative EPS growth.

Investors sentiment increased to 1.12 in Q3 2017. Its up 0.19, from 0.93 in 2017Q2. It is positive, as 31 investors sold Cabot Microelectronics Corporation shares while 67 reduced holdings. 29 funds opened positions while 62 raised stakes. 23.49 million shares or 0.60% less from 23.63 million shares in 2017Q2 were reported. Connable Office has invested 0.08% in Cabot Microelectronics Corporation (NASDAQ:CCMP). Price T Rowe Associates Md accumulated 628,255 shares. Federated Pa owns 36,943 shares for 0.01% of their portfolio. Manufacturers Life Insur The invested in 18,695 shares. Sector Pension Investment Board holds 15,862 shares or 0.01% of its portfolio. Ameritas Invest holds 0.01% or 2,232 shares. American Century Companies reported 51,762 shares. California Employees Retirement Systems holds 0.01% or 79,508 shares. Aureus Asset Mgmt Ltd Liability Company owns 0.37% invested in Cabot Microelectronics Corporation (NASDAQ:CCMP) for 28,890 shares. 149,236 are held by Carlson Capital Lp. Neuberger Berman Grp Inc Ltd Llc holds 0.1% or 986,513 shares in its portfolio. Amg Trust Retail Bank holds 0.05% or 9,285 shares. Barclays Public Limited Co reported 732 shares or 0% of all its holdings. Comerica State Bank, a Michigan-based fund reported 26,682 shares. Brown Brothers Harriman And has invested 0% in Cabot Microelectronics Corporation (NASDAQ:CCMP).

Among 5 analysts covering Cabot Microelectronics (NASDAQ:CCMP), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Cabot Microelectronics has $120.0 highest and $48 lowest target. $109.50’s average target is -3.41% below currents $113.37 stock price. Cabot Microelectronics had 17 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of Cabot Microelectronics Corporation (NASDAQ:CCMP) has “Buy” rating given on Tuesday, June 27 by Needham. Needham maintained Cabot Microelectronics Corporation (NASDAQ:CCMP) on Thursday, November 9 with “Buy” rating. Zacks upgraded Cabot Microelectronics Corporation (NASDAQ:CCMP) on Friday, August 14 to “Sell” rating. The stock of Cabot Microelectronics Corporation (NASDAQ:CCMP) earned “Buy” rating by Aegis Capital on Friday, March 17. The firm has “Buy” rating given on Thursday, October 26 by Needham. The rating was maintained by Needham on Thursday, January 25 with “Buy”. The firm earned “Buy” rating on Thursday, October 19 by Needham. As per Monday, September 18, the company rating was maintained by Needham. The company was maintained on Friday, January 26 by Loop Capital. The stock of Cabot Microelectronics Corporation (NASDAQ:CCMP) earned “Neutral” rating by Citigroup on Thursday, February 11.