Entegris, Inc. (ENTG) Shares Bought by Advisor Group Inc.
Advisor Group Inc. grew its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 69.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,703 shares of the semiconductor company’s stock after acquiring an additional 5,205 shares during the quarter. Advisor Group Inc.’s holdings in Entegris were worth $277,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of ENTG. BlackRock Inc. boosted its position in shares of Entegris by 26,099.4% during the 1st quarter. BlackRock Inc. now owns 9,885,824 shares of the semiconductor company’s stock valued at $231,328,000 after acquiring an additional 9,848,091 shares during the last quarter. Eagle Asset Management Inc. boosted its position in shares of Entegris by 285.8% during the 2nd quarter. Eagle Asset Management Inc. now owns 2,324,644 shares of the semiconductor company’s stock valued at $51,025,000 after acquiring an additional 1,722,099 shares during the last quarter. FMR LLC boosted its position in shares of Entegris by 169.6% during the 1st quarter. FMR LLC now owns 2,523,000 shares of the semiconductor company’s stock valued at $59,038,000 after acquiring an additional 1,587,200 shares during the last quarter. Rothschild Asset Management Inc. bought a new stake in shares of Entegris during the 2nd quarter valued at about $12,573,000. Finally, Vanguard Group Inc. boosted its position in shares of Entegris by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 11,209,039 shares of the semiconductor company’s stock valued at $262,292,000 after acquiring an additional 459,189 shares during the last quarter. Hedge funds and other institutional investors own 95.08% of the company’s stock.
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A number of brokerages have recently issued reports on ENTG. Dougherty & Co lifted their price target on Entegris from $27.50 to $30.00 and gave the company a “buy” rating in a research report on Friday, July 28th. Stifel Nicolaus reiterated a “buy” rating and set a $28.00 price target (up previously from $26.00) on shares of Entegris in a research report on Thursday, July 13th. Loop Capital began coverage on Entegris in a research report on Thursday, September 28th. They set a “buy” rating and a $35.00 price target for the company. Needham & Company LLC reiterated a “buy” rating and set a $29.00 price target on shares of Entegris in a research report on Tuesday, September 19th. Finally, KeyCorp reiterated an “outperform” rating and set a $30.00 price target on shares of Entegris in a research report on Saturday, September 16th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $28.90.
Shares of Entegris, Inc. (NASDAQ:ENTG) opened at 29.65 on Friday. The company has a market cap of $4.20 billion, a P/E ratio of 35.26 and a beta of 1.52. The company has a 50-day moving average price of $27.50 and a 200-day moving average price of $25.05. Entegris, Inc. has a 52-week low of $14.73 and a 52-week high of $29.85.
Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.05. The business had revenue of $329.00 million during the quarter, compared to analysts’ expectations of $324.51 million. Entegris had a return on equity of 17.04% and a net margin of 9.63%. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 EPS. On average, equities analysts predict that Entegris, Inc. will post $1.28 EPS for the current year.
In other Entegris news, CFO Gregory B. Graves sold 4,908 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $26.00, for a total transaction of $127,608.00. Following the completion of the transaction, the chief financial officer now owns 65,554 shares in the company, valued at approximately $1,704,404. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Corey Rucci sold 15,000 shares of the firm’s 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 transaction, the vice president now owns 25,964 shares of the company’s stock, valued at approximately $681,555. The disclosure for this sale can be found here. Insiders have sold a total of 85,764 shares of company stock valued at $2,223,894 in the last 90 days. 1.70% of the stock is currently owned by company 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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