Schroder Investment Management Group lowered its position in Entegris, Inc. (NASDAQ:ENTG) by 10.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,294,631 shares of the semiconductor company’s stock after selling 151,690 shares during the quarter. Schroder Investment Management Group owned 0.91% of Entegris worth $28,547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Entegris by 11.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,324 shares of the semiconductor company’s stock valued at $117,000 after buying an additional 533 shares during the period. FNY Partners Fund LP acquired a new position in shares of Entegris in the first quarter valued at approximately $154,000. CIBC World Markets Inc. acquired a new position in shares of Entegris in the first quarter valued at approximately $228,000. First Interstate Bank increased its stake in shares of 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. Finally, HighTower Advisors LLC acquired a new position in shares of Entegris in the first quarter valued at approximately $264,000. 95.29% of the stock is owned by institutional investors.
In other Entegris news, VP Corey Rucci sold 15,000 shares of Entegris stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $26.25, for a total value of $393,750.00. Following the transaction, the vice president now directly owns 25,964 shares of the company’s stock, valued at approximately $681,555. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Gregory B. Graves sold 4,908 shares of Entegris stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $26.00, for a total value of $127,608.00. Following the completion of the transaction, the chief financial officer now directly owns 65,554 shares in the company, valued at $1,704,404. The disclosure for this sale can be found here. Insiders sold a total of 85,764 shares of company stock worth $2,223,894 over the last ninety days. Insiders own 1.70% of the company’s stock.
Shares of Entegris, Inc. (NASDAQ ENTG) opened at 26.55 on Tuesday. The company has a 50-day moving average price of $25.09 and a 200 day moving average price of $23.98. Entegris, Inc. has a one year low of $14.73 and a one year high of $27.20. The company has a market capitalization of $3.76 billion, a PE ratio of 31.57 and a beta of 1.46.
Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.05. The business had revenue of $329 million for the quarter, compared to analysts’ expectations of $324.51 million. Entegris had a return on equity of 17.04% and a net margin of 9.63%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 EPS. Equities analysts anticipate that Entegris, Inc. will post $1.28 EPS for the current year.
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ENTG has been the subject of several recent research reports. BidaskClub raised Entegris from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Zacks Investment Research raised Entegris from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a research note on Monday, July 31st. Deutsche Bank AG initiated coverage on Entegris in a research note on Wednesday, July 5th. They issued a “hold” rating and a $24.00 price objective for the company. Goldman Sachs Group, Inc. (The) raised Entegris from a “buy” rating to a “conviction-buy” rating and set a $29.00 price objective for the company in a research note on Monday, May 22nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $29.00 price objective (up previously from $28.00) on shares of Entegris in a research note on Sunday, July 30th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $27.50.
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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