OxFORD Asset Management LLP Reduces Holdings in Entegris, Inc. (ENTG)
OxFORD Asset Management LLP lowered its stake in Entegris, Inc. (NASDAQ:ENTG) by 32.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 179,641 shares of the semiconductor company’s stock after selling 84,650 shares during the period. OxFORD Asset Management LLP owned approximately 0.13% of Entegris worth $3,943,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Virtu KCG Holdings LLC acquired a new stake in Entegris during the 2nd quarter valued at $1,755,000. Citadel Advisors LLC raised its stake in Entegris by 934.5% during the 2nd quarter. Citadel Advisors LLC now owns 170,149 shares of the semiconductor company’s stock valued at $3,735,000 after purchasing an additional 153,702 shares during the period. Renaissance Technologies LLC raised its stake in Entegris by 44.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,338,990 shares of the semiconductor company’s stock valued at $29,391,000 after purchasing an additional 409,200 shares during the period. Ramsey Quantitative Systems acquired a new stake in Entegris during the 2nd quarter valued at $562,000. Finally, Parametric Portfolio Associates LLC raised its stake in Entegris by 4.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 238,165 shares of the semiconductor company’s stock valued at $5,228,000 after purchasing an additional 10,563 shares during the period. 95.08% of the stock is currently owned by institutional investors.
Several analysts have issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $29.00 target price on shares of Entegris in a research note on Tuesday, September 19th. Loop Capital assumed coverage on shares of Entegris in a research note on Thursday. They set a “buy” rating and a $35.00 target price on the stock. Stifel Nicolaus reissued a “buy” rating and set a $28.00 target price (up from $26.00) on shares of Entegris in a research note on Thursday, July 13th. Dougherty & Co boosted their target price on shares of Entegris from $27.50 to $30.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Finally, BidaskClub raised shares of Entegris from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $28.90.
In related news, Director Paul L. H. Olson sold 3,500 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $25.77, for a total transaction of $90,195.00. Following the sale, the director now directly owns 52,864 shares in the company, valued at $1,362,305.28. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Corey Rucci sold 15,000 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $26.25, for a total transaction of $393,750.00. Following the sale, the vice president now owns 25,964 shares in the company, valued at $681,555. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 85,764 shares of company stock worth $2,223,894. 1.70% of the stock is currently owned by company insiders.
Entegris, Inc. (ENTG) opened at 28.85 on Friday. The stock’s 50 day moving average is $25.37 and its 200 day moving average is $24.25. Entegris, Inc. has a 12-month low of $14.73 and a 12-month high of $29.00. The stock has a market capitalization of $4.09 billion, a PE ratio of 34.30 and a beta of 1.46.
Entegris (NASDAQ:ENTG) last posted its earnings results on Thursday, July 27th. The semiconductor company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.05. The company had revenue of $329.00 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the business posted $0.28 earnings per share. Analysts forecast that Entegris, Inc. will post $1.28 EPS for the current year.
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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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