Alliancebernstein L.P. Has $4.81 Million Stake in Entegris, Inc. (ENTG)
Alliancebernstein L.P. grew its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 4.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 219,111 shares of the semiconductor company’s stock after buying an additional 9,000 shares during the quarter. Alliancebernstein L.P. owned 0.15% of Entegris worth $4,809,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of ENTG. Wells Fargo & Company MN lifted its holdings in shares of Entegris by 4.3% in the second quarter. Wells Fargo & Company MN now owns 976,545 shares of the semiconductor company’s stock valued at $21,435,000 after purchasing an additional 40,111 shares in the last quarter. Franklin Resources Inc. purchased a new position in shares of Entegris during the second quarter valued at approximately $3,219,000. Engineers Gate Manager LP boosted its position in shares of Entegris by 51.6% during the second quarter. Engineers Gate Manager LP now owns 124,445 shares of the semiconductor company’s stock valued at $2,732,000 after buying an additional 42,338 shares during the last quarter. Gareth Morgan Investments Limited Partnership purchased a new position in shares of Entegris during the second quarter valued at approximately $1,510,000. Finally, Thompson Siegel & Walmsley LLC purchased a new position in shares of Entegris during the second quarter valued at approximately $5,185,000. Hedge funds and other institutional investors own 95.08% of the company’s stock.
Entegris, Inc. (NASDAQ:ENTG) opened at 29.25 on Tuesday. The company has a market cap of $4.15 billion, a P/E ratio of 34.78 and a beta of 1.52. Entegris, Inc. has a 52 week low of $14.73 and a 52 week high of $29.30. The firm has a 50-day moving average price of $26.17 and a 200-day moving average price of $24.67.
Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.05. The firm had revenue of $329.00 million for the quarter, compared to analysts’ expectations of $324.51 million. Entegris had a net margin of 9.63% and a return on equity of 17.04%. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.28 earnings per share. Equities research analysts anticipate that Entegris, Inc. will post $1.28 EPS for the current fiscal year.
In related news, CFO Gregory B. Graves sold 4,908 shares of Entegris stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $26.00, for a total value of $127,608.00. Following the completion of the sale, the chief financial officer now directly owns 65,554 shares in the company, valued at approximately $1,704,404. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Corey Rucci sold 15,000 shares of Entegris stock in a transaction dated Wednesday, September 6th. The stock was 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 of the company’s stock, valued at $681,555. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 85,764 shares of company stock valued at $2,223,894. 1.70% of the stock is owned by company insiders.
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Several equities research analysts recently issued reports on ENTG shares. Loop Capital assumed coverage on Entegris in a report on Thursday, September 28th. They set a “buy” rating and a $35.00 price target for the company. Needham & Company LLC restated a “buy” rating and set a $29.00 price objective on shares of Entegris in a research note on Tuesday, September 19th. KeyCorp reaffirmed an “outperform” rating and set a $30.00 price objective on shares of Entegris in a report on Saturday, September 16th. BidaskClub lowered shares of Entegris from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Finally, Zacks Investment Research upgraded shares of Entegris from a “hold” rating to a “strong-buy” rating and set a $30.00 target price for the company in a research note on Monday, July 31st. Four 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 stock. The stock currently has an average rating of “Buy” and an average target price of $28.90.
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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