Fiera Capital Corp Acquires 76,058 Shares of Entegris, Inc. (ENTG)
Fiera Capital Corp grew its holdings in Entegris, Inc. (NASDAQ:ENTG) by 4.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,891,757 shares of the semiconductor company’s stock after buying an additional 76,058 shares during the period. Fiera Capital Corp owned 1.33% of Entegris worth $41,524,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of ENTG. BlackRock Inc. raised its position in shares of Entegris by 26,099.4% in the first quarter. BlackRock Inc. now owns 9,885,824 shares of the semiconductor company’s stock valued at $231,328,000 after buying an additional 9,848,091 shares during the last quarter. Eagle Asset Management Inc. raised its position in shares of Entegris by 285.8% in the second quarter. Eagle Asset Management Inc. now owns 2,324,644 shares of the semiconductor company’s stock valued at $51,025,000 after buying an additional 1,722,099 shares during the last quarter. FMR LLC raised its position in shares of Entegris by 169.6% in the first quarter. FMR LLC now owns 2,523,000 shares of the semiconductor company’s stock valued at $59,038,000 after buying an additional 1,587,200 shares during the last quarter. Rothschild Asset Management Inc. acquired a new stake in shares of Entegris in the second quarter valued at about $12,573,000. Finally, Ameriprise Financial Inc. grew its holdings in shares of Entegris by 54.7% in the first quarter. Ameriprise Financial Inc. now owns 1,514,429 shares of the semiconductor company’s stock valued at $35,440,000 after purchasing an additional 535,460 shares during the period. Institutional investors and hedge funds own 95.29% of the company’s stock.
In other news, Director Paul L. H. Olson sold 3,500 shares of the business’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $25.77, for a total transaction of $90,195.00. Following the completion of the sale, the director now owns 52,864 shares in the company, valued at approximately $1,362,305.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Corey Rucci sold 15,000 shares of the business’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 sale, 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. In the last ninety days, insiders have sold 85,764 shares of company stock valued at $2,223,894. Corporate insiders own 1.70% of the company’s stock.
A number of equities research analysts recently issued reports on the stock. BidaskClub lowered shares of Entegris from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Zacks Investment Research raised shares of Entegris from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a report on Monday, July 31st. Stifel Nicolaus reissued a “buy” rating and issued a $29.00 price objective (up previously from $28.00) on shares of Entegris in a report on Sunday, July 30th. Dougherty & Co upped their price objective on shares of Entegris from $27.50 to $30.00 and gave the company a “buy” rating in a report on Friday, July 28th. Finally, Deutsche Bank AG assumed coverage on shares of Entegris in a report on Wednesday, July 5th. They issued a “hold” rating and a $24.00 price objective for the company. Four research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $27.50.
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Shares of Entegris, Inc. (ENTG) traded up 0.37% on Wednesday, reaching $27.10. 40,267 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $25.14 and its 200-day moving average price is $24.00. Entegris, Inc. has a 52 week low of $14.73 and a 52 week high of $27.20. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 32.22 and a beta of 1.46.
Entegris (NASDAQ:ENTG) last posted its quarterly earnings data 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. Entegris had a net margin of 9.63% and a return on equity of 17.04%. The company had revenue of $329.00 million during the quarter, compared to the consensus estimate of $324.51 million. During the same quarter in the prior year, the company posted $0.28 EPS. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. Equities analysts predict that Entegris, Inc. will post $1.28 EPS for the current year.
Entegris Company Profile
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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