Glenmede Trust Co. NA Maintains Stake in Entegris, Inc. (ENTG)
Glenmede Trust Co. NA maintained its position in Entegris, Inc. (NASDAQ:ENTG) during the first quarter, according to its most recent filing with the SEC. The firm owned 1,324,933 shares of the semiconductor company’s stock at the end of the first quarter. Glenmede Trust Co. NA’s holdings in Entegris were worth $23,715,000 as of its most recent filing with the SEC.
Several other institutional investors have also added to or reduced their stakes in ENTG. CIBC World Markets Inc. acquired a new position in Entegris during the first quarter valued at approximately $228,000. First Interstate Bank boosted its position in Entegris by 0.7% in the first quarter. First Interstate Bank now owns 9,970 shares of the semiconductor company’s stock valued at $233,000 after buying an additional 70 shares during the period. GW&K Investment Management LLC acquired a new position in Entegris during the first quarter valued at approximately $241,000. Bessemer Group Inc. boosted its position in Entegris by 195.9% in the fourth quarter. Bessemer Group Inc. now owns 10,800 shares of the semiconductor company’s stock valued at $193,000 after buying an additional 7,150 shares during the period. Finally, Banco BTG Pactual S.A. acquired a new position in Entegris during the first quarter valued at approximately $297,000. Institutional investors own 97.86% of the company’s stock.
Shares of Entegris, Inc. (NASDAQ:ENTG) traded down 0.64% during trading on Thursday, reaching $23.45. The company had a trading volume of 553,031 shares. The firm has a market capitalization of $3.32 billion, a PE ratio of 29.31 and a beta of 1.45. Entegris, Inc. has a 12 month low of $13.41 and a 12 month high of $27.20. The stock has a 50 day moving average price of $24.66 and a 200 day moving average price of $21.78.
Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Thursday, April 27th. The semiconductor company reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.03. Entegris had a return on equity of 16.65% and a net margin of 9.26%. The company had revenue of $317.40 million for the quarter, compared to analyst estimates of $304.62 million. During the same quarter last year, the firm earned $0.17 EPS. Entegris’s revenue for the quarter was up 18.9% compared to the same quarter last year. On average, equities research analysts forecast that Entegris, Inc. will post $1.16 EPS for the current year.
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Several research firms have recently commented on ENTG. BidaskClub cut Entegris from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. Needham & Company LLC upgraded Entegris from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Monday, March 13th. Dougherty & Co increased their target price on Entegris from $26.50 to $27.50 and gave the company a “buy” rating in a research note on Friday, April 28th. Citigroup Inc. raised their price objective on Entegris from $21.00 to $24.00 and gave the stock a “neutral” rating in a research note on Monday, March 20th. Finally, Aegis began coverage on Entegris in a research note on Friday, March 17th. They set a “buy” rating and a $29.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Entegris currently has a consensus rating of “Buy” and a consensus price target of $24.81.
In other news, Director James P. Lederer sold 3,391 shares of Entegris stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $24.78, for a total transaction of $84,028.98. Following the sale, the director now owns 9,735 shares of the company’s stock, valued at approximately $241,233.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel W. Christman sold 3,408 shares of Entegris stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $23.51, for a total value of $80,122.08. Following the sale, the director now directly owns 81,689 shares in the company, valued at approximately $1,920,508.39. The disclosure for this sale can be found here. Insiders have sold a total of 52,036 shares of company stock worth $1,301,229 in the last three months. 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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