Principal Financial Group Inc. decreased its stake in Entegris Inc. (NASDAQ:ENTG) by 2.6% during the second quarter, Holdings Channel reports. The institutional investor owned 587,149 shares of the company’s stock after selling 15,686 shares during the period. Principal Financial Group Inc. owned 0.42% of Entegris worth $8,496,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. BNP Paribas Arbitrage SA purchased a new position in Entegris during the second quarter valued at $100,000. BlackRock Inc. boosted its position in 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 boosted its position in 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 purchased a new position in Entegris during the first quarter valued at $161,000. Finally, Genesee Valley Trust Co. boosted its position in 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. Hedge funds and other institutional investors own 98.39% of the company’s stock.
Shares of Entegris Inc. (NASDAQ:ENTG) opened at 16.32 on Wednesday. The company’s 50 day moving average price is $16.89 and its 200-day moving average price is $15.24. Entegris Inc. has a 52 week low of $10.37 and a 52 week high of $17.73. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 25.50 and a beta of 1.80.
Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.08. Entegris had a return on equity of 15.38% and a net margin of 8.14%. The company earned $303.10 million during the quarter, compared to analyst estimates of $278.93 million. During the same period in the previous year, the business earned $0.24 EPS. Entegris’s quarterly revenue was up 8.0% on a year-over-year basis. Analysts anticipate that Entegris Inc. will post $0.91 earnings per share for the current fiscal year.
Several equities research analysts have recently issued reports on ENTG shares. Dougherty & Co lowered Entegris from a “buy” rating to a “neutral” rating in a research note on Thursday, July 28th. Zacks Investment Research raised Entegris from a “hold” rating to a “strong-buy” rating and set a $19.00 price target for the company in a research note on Thursday, July 28th. Pacific Crest raised their price target on 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. raised their price target on Entegris from $14.50 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, July 28th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Entegris presently has an average rating of “Hold” and a consensus price target of $19.00.
In other news, VP Todd James Edlund sold 15,322 shares of the company’s stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $16.41, for a total value of $251,434.02. Following the completion of the sale, the vice president now directly owns 121,893 shares in the company, valued at $2,000,264.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Gmt Capital Corp sold 1,191,220 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $16.80, for a total value of $20,012,496.00. Following the completion of the sale, the insider now owns 14,525,410 shares of the company’s stock, valued at $244,026,888. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.
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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