UBS Asset Management Americas Inc. raised its position in Entegris, Inc. (NASDAQ:ENTG) by 5.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 69,924 shares of the semiconductor company’s stock after acquiring an additional 3,431 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in Entegris were worth $1,535,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. PNC Financial Services Group Inc. increased its position in Entegris by 8.3% in the second quarter. PNC Financial Services Group Inc. now owns 37,910 shares of the semiconductor company’s stock worth $831,000 after buying an additional 2,914 shares in the last quarter. Laurion Capital Management LP purchased a new stake in shares of Entegris during the second quarter worth about $509,000. Amalgamated Bank grew its position in shares of Entegris by 4.5% during the second quarter. Amalgamated Bank now owns 18,287 shares of the semiconductor company’s stock worth $401,000 after purchasing an additional 781 shares in the last quarter. BlackRock Inc. grew its position in shares of Entegris by 15.8% during the second quarter. BlackRock Inc. now owns 11,450,690 shares of the semiconductor company’s stock worth $251,344,000 after purchasing an additional 1,564,866 shares in the last quarter. Finally, Nationwide Fund Advisors grew its position in shares of Entegris by 0.3% during the second quarter. Nationwide Fund Advisors now owns 191,245 shares of the semiconductor company’s stock worth $4,198,000 after purchasing an additional 505 shares in the last quarter. Institutional investors and hedge funds own 94.50% of the company’s stock.
Entegris, Inc. (NASDAQ ENTG) opened at 32.30 on Friday. The firm has a market cap of $4.58 billion, a PE ratio of 38.41 and a beta of 1.52. Entegris, Inc. has a one year low of $15.30 and a one year high of $32.75. The stock has a 50 day moving average price of $28.46 and a 200 day moving average price of $25.45.
Entegris (NASDAQ:ENTG) last released its earnings results on Thursday, October 26th. The semiconductor company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.34 by $0.06. Entegris had a net margin of 10.73% and a return on equity of 19.20%. The business had revenue of $345.60 million during the quarter, compared to analyst estimates of $334.30 million. During the same period in the prior year, the business earned $0.24 earnings per share. The business’s quarterly revenue was up 16.5% on a year-over-year basis. Equities research analysts expect that Entegris, Inc. will post $1.33 EPS for the current year.
The company also recently declared a special dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 1st will be given a $0.07 dividend. The ex-dividend date is Tuesday, October 31st.
Several research firms have weighed in on ENTG. Needham & Company LLC reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Entegris in a research note on Friday. Citigroup Inc. raised their price target on Entegris from $29.00 to $34.00 and gave the stock a “neutral” rating in a research note on Friday. Dougherty & Co raised their price target on Entegris from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday. Loop Capital raised their price target on Entegris from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $28.00 target price (up from $26.00) on shares of Entegris in a research report on Thursday, July 13th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $32.10.
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In other Entegris news, VP Corey Rucci sold 15,000 shares of the stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $26.25, for a total value of $393,750.00. Following the completion of the sale, the vice president now owns 25,964 shares in the company, valued at approximately $681,555. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Paul L. H. Olson sold 4,250 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $24.57, for a total transaction of $104,422.50. Following the completion of the sale, the director now owns 56,364 shares of the company’s stock, valued at approximately $1,384,863.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,651 shares of company stock valued at $708,491. 1.70% of the stock is owned by insiders.
Entegris, Inc is a global developer, manufacturer and supplier of microcontamination control products, specialty chemicals and materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries. The Company operates in three business segments: Specialty Chemicals and Engineered Materials (SCEM), Advanced Materials Handling (AMH) and Microcontamination Control (MC).
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