Ameriprise Financial Inc. boosted its position in shares of Entegris Inc. (NASDAQ:ENTG) by 27.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 881,914 shares of the company’s stock after buying an additional 191,941 shares during the period. Ameriprise Financial Inc. owned approximately 0.62% of Entegris worth $12,762,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the stock. BNP Paribas Arbitrage SA bought a new position in shares of Entegris during the second quarter valued at about $100,000. BlackRock Inc. raised its position in shares of Entegris by 125.0% in the first quarter. BlackRock Inc. now owns 9,420 shares of the company’s stock valued at $128,000 after buying an additional 5,234 shares in the last quarter. Strs Ohio raised its position in shares of Entegris by 40.0% in the second quarter. Strs Ohio now owns 9,100 shares of the company’s stock valued at $131,000 after buying an additional 2,600 shares in the last quarter. Bayesian Capital Management LP bought a new position in shares of Entegris during the first quarter valued at about $161,000. Finally, Genesee Valley Trust Co. raised its position in shares of Entegris by 6.6% in the second quarter. Genesee Valley Trust Co. now owns 12,575 shares of the company’s stock valued at $182,000 after buying an additional 780 shares in the last quarter. 98.39% of the stock is currently owned by institutional investors.
Entegris Inc. (NASDAQ:ENTG) traded up 0.47% on Tuesday, hitting $17.02. 156,297 shares of the company’s stock were exchanged. The stock has a market cap of $2.40 billion, a P/E ratio of 26.59 and a beta of 1.83. The firm has a 50 day moving average price of $17.00 and a 200-day moving average price of $14.81. Entegris Inc. has a 52-week low of $10.37 and a 52-week high of $17.73.
Entegris (NASDAQ:ENTG) last issued its earnings results on Wednesday, July 27th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.20 by $0.08. Entegris had a net margin of 8.14% and a return on equity of 15.38%. The company had revenue of $303.10 million for the quarter, compared to the consensus estimate of $278.93 million. During the same period in the previous year, the firm earned $0.24 earnings per share. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. Analysts predict that Entegris Inc. will post $0.91 earnings per share for the current fiscal year.
Several research analysts recently issued reports on ENTG shares. Zacks Investment Research raised shares of Entegris from a “hold” rating to a “strong-buy” rating and set a $19.00 target price on the stock in a research note on Thursday, July 28th. Dougherty & Co lowered shares of Entegris from a “buy” rating to a “neutral” rating in a research note on Thursday, July 28th. Pacific Crest increased their target price on shares of Entegris from $16.00 to $20.00 and gave the stock an “overweight” rating in a research note on Thursday, July 28th. Craig Hallum reissued a “buy” rating on shares of Entegris in a research note on Thursday, July 28th. Finally, Citigroup Inc. increased their target price on shares of Entegris from $14.50 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, July 28th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Entegris presently has an average rating of “Buy” and a consensus price target of $19.00.
In related news, VP Todd James Edlund sold 15,322 shares of Entegris stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $16.41, for a total value of $251,434.02. Following the transaction, the vice president now directly owns 121,893 shares of the company’s stock, valued at $2,000,264.13. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Gregory B. Graves sold 37,896 shares of Entegris stock in a transaction on Tuesday, July 12th. The stock was sold at an average price of $15.01, for a total transaction of $568,818.96. Following the completion of the transaction, the chief financial officer now directly owns 131,946 shares in the company, valued at $1,980,509.46. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.
Entegris Company Profile
Entegris, Inc is a developer, manufacturer and supplier of materials and solutions for manufacturing processes in the semiconductor and other high-technology industries. The Company designs, manufactures and markets its products through two segments: Critical Materials Handling and Electronic Materials.
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