Entegris, Inc. (ENTG) Stake Lowered by Keybank National Association OH
Keybank National Association OH lowered its holdings in Entegris, Inc. (NASDAQ:ENTG) by 9.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,513 shares of the semiconductor company’s stock after selling 3,458 shares during the period. Keybank National Association OH’s holdings in Entegris were worth $909,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Entegris by 2.2% in the second quarter. Vanguard Group Inc. now owns 11,453,733 shares of the semiconductor company’s stock valued at $251,409,000 after purchasing an additional 244,694 shares during the period. BlackRock Inc. grew its position in shares of Entegris by 15.8% in the second quarter. BlackRock Inc. now owns 11,450,690 shares of the semiconductor company’s stock valued at $251,344,000 after purchasing an additional 1,564,866 shares during the period. FMR LLC grew its position in shares of Entegris by 54.8% in the second quarter. FMR LLC now owns 3,904,882 shares of the semiconductor company’s stock valued at $85,712,000 after purchasing an additional 1,381,882 shares during the period. State Street Corp grew its position in shares of Entegris by 5.7% in the second quarter. State Street Corp now owns 2,842,071 shares of the semiconductor company’s stock valued at $62,383,000 after purchasing an additional 152,890 shares during the period. Finally, Victory Capital Management Inc. grew its position in shares of Entegris by 9.3% in the third quarter. Victory Capital Management Inc. now owns 2,478,586 shares of the semiconductor company’s stock valued at $71,507,000 after purchasing an additional 211,759 shares during the period. 95.26% of the stock is owned by institutional investors and hedge funds.
In other news, Director Paul L. H. Olson sold 3,500 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $25.77, for a total value of $90,195.00. Following the completion of the sale, the director now owns 52,864 shares of the company’s stock, valued at $1,362,305.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Corey Rucci sold 15,000 shares of the company’s 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 directly owns 25,964 shares of the company’s stock, valued at approximately $681,555. The disclosure for this sale can be found here. Insiders sold 31,796 shares of company stock valued at $909,907 in the last ninety days. Company insiders own 1.70% of the company’s stock.
A number of equities research analysts have issued reports on ENTG shares. Dougherty & Co boosted 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. Needham & Company LLC reissued a “buy” rating and set a $35.00 price target on shares of Entegris in a research report on Friday, October 27th. Stifel Nicolaus reissued a “buy” rating and set a $29.00 price target (up previously from $28.00) on shares of Entegris in a research report on Sunday, July 30th. KeyCorp reissued an “outperform” rating and set a $30.00 price target on shares of Entegris in a research report on Saturday, September 16th. Finally, Citigroup Inc. boosted their price target on Entegris from $29.00 to $34.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. Four analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $32.10.
Shares of Entegris, Inc. (NASDAQ:ENTG) opened at $30.95 on Wednesday. Entegris, Inc. has a 1 year low of $17.10 and a 1 year high of $33.05. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.43 and a current ratio of 3.14. The stock has a market capitalization of $4,482.27, a PE ratio of 24.96, a price-to-earnings-growth ratio of 2.05 and a beta of 1.56.
Entegris (NASDAQ:ENTG) last issued its earnings results on Thursday, October 26th. The semiconductor company reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.06. Entegris had a return on equity of 18.82% and a net margin of 10.73%. The company had revenue of $345.60 million during the quarter, compared to the consensus estimate of $334.30 million. During the same quarter in the prior year, the business earned $0.24 earnings per share. The company’s revenue was up 16.5% compared to the same quarter last year. equities research analysts forecast that Entegris, Inc. will post 1.37 EPS for the current year.
The business also recently announced a special dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 1st will be given a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. Entegris’s payout ratio is 7.22%.
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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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