UBS Asset Management Americas Inc. boosted its stake in Entegris, Inc. (NASDAQ:ENTG) by 42.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,493 shares of the semiconductor company’s stock after buying an additional 19,854 shares during the period. UBS Asset Management Americas Inc.’s holdings in Entegris were worth $1,556,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in ENTG. Swiss National Bank raised its stake in shares of Entegris by 1.6% in the first quarter. Swiss National Bank now owns 232,400 shares of the semiconductor company’s stock worth $5,438,000 after buying an additional 3,700 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Entegris by 12.1% in the first quarter. Bank of New York Mellon Corp now owns 864,891 shares of the semiconductor company’s stock worth $20,238,000 after buying an additional 93,089 shares during the period. American Century Companies Inc. raised its stake in shares of Entegris by 75.8% in the first quarter. American Century Companies Inc. now owns 373,793 shares of the semiconductor company’s stock worth $8,747,000 after buying an additional 161,192 shares during the period. Wells Fargo & Company MN raised its stake in shares of Entegris by 5.7% in the first quarter. Wells Fargo & Company MN now owns 936,434 shares of the semiconductor company’s stock worth $21,913,000 after buying an additional 50,851 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of Entegris by 22.9% in the first quarter. Russell Investments Group Ltd. now owns 269,909 shares of the semiconductor company’s stock worth $6,316,000 after buying an additional 50,220 shares during the period. 98.18% of the stock is owned by institutional investors.

Entegris, Inc. (ENTG) traded up 2.03% on Monday, hitting $25.15. The stock had a trading volume of 613,824 shares. The company has a 50-day moving average of $24.18 and a 200 day moving average of $23.01. Entegris, Inc. has a 12 month low of $14.73 and a 12 month high of $27.20. The company has a market cap of $3.57 billion, a PE ratio of 29.90 and a beta of 1.47.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.05. The company had revenue of $329 million during the quarter, compared to the consensus estimate of $324.51 million. Entegris had a return on equity of 17.04% and a net margin of 9.63%. Entegris’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 earnings per share. On average, analysts predict that Entegris, Inc. will post $1.28 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This piece was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another website, it was copied illegally and reposted in violation of international trademark and copyright laws. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2017/08/07/ubs-asset-management-americas-inc-has-1-56-million-position-in-entegris-inc-nasdaqentg-updated-updated-updated.html.

A number of equities research analysts have issued reports on ENTG shares. Goldman Sachs Group, Inc. (The) raised shares of Entegris from a “buy” rating to a “conviction-buy” rating and set a $29.00 price objective for the company in a report on Monday, May 22nd. BidaskClub lowered shares of Entegris from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Deutsche Bank AG started coverage on shares of Entegris in a report on Wednesday, July 5th. They set a “hold” rating and a $24.00 price objective for the company. Craig Hallum lowered shares of Entegris from a “buy” rating to a “hold” rating in a report on Friday, April 28th. They noted that the move was a valuation call. Finally, Dougherty & Co increased their price objective on shares of Entegris from $26.50 to $27.50 and gave the company a “buy” rating in a report on Friday, April 28th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $27.50.

In other news, CFO Gregory B. Graves sold 19,712 shares of Entegris stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $26.21, for a total value of $516,651.52. Following the completion of the sale, the chief financial officer now owns 61,546 shares of the company’s stock, valued at $1,613,120.66. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Gregory B. Graves sold 32,593 shares of Entegris stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $26.01, for a total value of $847,743.93. Following the completion of the sale, the chief financial officer now directly owns 65,554 shares of the company’s stock, valued at approximately $1,705,059.54. The disclosure for this sale can be found here. Insiders have sold 79,268 shares of company stock valued at $2,043,872 in the last three months. 1.70% of the stock is currently owned by company insiders.

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).

Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

Receive News & Stock Ratings for Entegris Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entegris Inc. and related stocks with our FREE daily email newsletter.