Strs Ohio Increases Position in Entegris, Inc. (ENTG)
Strs Ohio raised its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 6.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,700 shares of the semiconductor company’s stock after buying an additional 1,100 shares during the period. Strs Ohio’s holdings in Entegris were worth $410,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the stock. Bank of America Corp DE raised its stake in shares of Entegris by 9.4% in the first quarter. Bank of America Corp DE now owns 1,153,415 shares of the semiconductor company’s stock worth $26,991,000 after buying an additional 99,247 shares during the period. First Interstate Bank raised 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 worth $233,000 after buying an additional 70 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in shares of Entegris during the first quarter worth $3,445,000. OppenheimerFunds Inc. raised its stake in shares of Entegris by 23.9% in the first quarter. OppenheimerFunds Inc. now owns 1,228,072 shares of the semiconductor company’s stock worth $28,737,000 after buying an additional 236,982 shares during the period. Finally, Bank of Montreal Can raised its stake in shares of Entegris by 68.0% in the second quarter. Bank of Montreal Can now owns 548,938 shares of the semiconductor company’s stock worth $12,049,000 after buying an additional 222,136 shares during the period. Institutional investors own 95.30% of the company’s stock.
Shares of Entegris, Inc. (ENTG) opened at 24.70 on Wednesday. The company has a 50-day moving average price of $24.76 and a 200-day moving average price of $23.64. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 29.37 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 released its earnings results on Thursday, July 27th. The semiconductor company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. Entegris had a return on equity of 17.04% and a net margin of 9.63%. The company had revenue of $329 million during the quarter, compared to analyst estimates of $324.51 million. During the same quarter in the previous year, the company posted $0.28 EPS. Entegris’s revenue for the quarter was up 8.5% on a year-over-year basis. Equities analysts forecast that Entegris, Inc. will post $1.28 EPS for the current fiscal year.
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ENTG has been the subject of a number of research reports. BidaskClub upgraded Entegris from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded Entegris from a “hold” rating to a “strong-buy” rating and set a $30.00 target price 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 target price for the company. Goldman Sachs Group, Inc. (The) upgraded Entegris from a “buy” rating to a “conviction-buy” rating and set a $29.00 target price for the company in a research note on Monday, May 22nd. Finally, Stifel Nicolaus restated a “buy” rating and issued a $29.00 target price (up from $28.00) on shares of Entegris in a research note on Sunday, July 30th. Four analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $27.50.
In other news, CFO Gregory B. Graves sold 32,593 shares of the business’s stock in a transaction dated Thursday, July 20th. The stock was 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 owns 65,554 shares of the company’s stock, valued at approximately $1,705,059.54. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert Nicholas Burns sold 4,901 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $24.51, for a total value of $120,123.51. Following the transaction, the director now owns 51,272 shares in the company, valued at approximately $1,256,676.72. The disclosure for this sale can be found here. In the last three months, insiders sold 76,999 shares of company stock valued at $1,992,670. 1.70% of the stock is currently owned by corporate 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).
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