US Bancorp DE lowered its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 7.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,394 shares of the semiconductor company’s stock after selling 4,317 shares during the period. US Bancorp DE’s holdings in Entegris were worth $1,171,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. FNY Partners Fund LP acquired a new position in Entegris during the first quarter worth about $154,000. CIBC World Markets Inc. purchased a new stake in shares of Entegris during the first quarter worth approximately $228,000. First Interstate Bank raised its position in Entegris by 0.7% in the first quarter. First Interstate Bank now owns 9,970 shares of the semiconductor company’s stock worth $233,000 after buying an additional 70 shares in the last quarter. GW&K Investment Management LLC bought a new position in Entegris during the first quarter worth approximately $241,000. Finally, HighTower Advisors LLC acquired a new stake in shares of Entegris during the first quarter worth $264,000. 97.16% of the stock is owned by institutional investors and hedge funds.

Entegris, Inc. (NASDAQ ENTG) opened at 23.80 on Friday. The stock’s 50 day moving average price is $24.52 and its 200 day moving average price is $23.46. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 28.30 and a beta of 1.47. Entegris, Inc. has a 12 month low of $14.73 and a 12 month high of $27.20.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. The firm had revenue of $329 million during the quarter, compared to analyst estimates of $324.51 million. Entegris had a return on equity of 17.04% and a net margin of 9.63%. Entegris’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.28 earnings per share. Equities research analysts anticipate that Entegris, Inc. will post $1.28 earnings per share for the current fiscal year.

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A number of brokerages have weighed in on ENTG. Stifel Nicolaus reiterated a “buy” rating and issued a $28.00 target price (up from $26.00) on shares of Entegris in a report on Thursday, July 13th. Dougherty & Co boosted their price objective on Entegris from $26.50 to $27.50 and gave the company a “buy” rating in a report on Friday, April 28th. BidaskClub upgraded Entegris from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research downgraded Entegris from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Finally, Goldman Sachs Group, Inc. (The) raised Entegris from a “buy” rating to a “conviction-buy” rating and set a $29.00 price objective on the stock in a research report on Monday, May 22nd. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $27.50.

In other Entegris news, Director Paul L. H. Olson sold 4,250 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $24.57, for a total transaction of $104,422.50. Following the sale, the director now directly owns 56,364 shares of the company’s stock, valued at approximately $1,384,863.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John J. Murphy sold 4,621 shares of the stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $24.15, for a total transaction of $111,597.15. Following the sale, the senior vice president now directly owns 59,961 shares in the company, valued at $1,448,058.15. The disclosure for this sale can be found here. In the last quarter, insiders have sold 81,620 shares of company stock valued at $2,104,267. Company insiders own 1.70% of the company’s stock.

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)

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