Entegris, Inc. (ENTG) Stake Held by Great West Life Assurance Co. Can
Great West Life Assurance Co. Can held its position in Entegris, Inc. (NASDAQ:ENTG) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,086 shares of the semiconductor company’s stock at the close of the second quarter. Great West Life Assurance Co. Can’s holdings in Entegris were worth $308,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ENTG. BlackRock Inc. raised its holdings in Entegris by 26,099.4% in the 1st quarter. BlackRock Inc. now owns 9,885,824 shares of the semiconductor company’s stock worth $231,328,000 after purchasing an additional 9,848,091 shares during the period. FMR LLC raised its holdings in Entegris by 169.6% in the 1st quarter. FMR LLC now owns 2,523,000 shares of the semiconductor company’s stock worth $59,038,000 after purchasing an additional 1,587,200 shares during the period. Ameriprise Financial Inc. raised its holdings in Entegris by 54.7% in the 1st quarter. Ameriprise Financial Inc. now owns 1,514,429 shares of the semiconductor company’s stock worth $35,440,000 after purchasing an additional 535,460 shares during the period. Vanguard Group Inc. raised its holdings in Entegris by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 11,209,039 shares of the semiconductor company’s stock worth $262,292,000 after purchasing an additional 459,189 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in Entegris by 41.4% in the 1st quarter. Principal Financial Group Inc. now owns 1,176,512 shares of the semiconductor company’s stock worth $27,531,000 after purchasing an additional 344,274 shares during the period. 95.29% of the stock is owned by institutional investors.
In related 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 transaction of $393,750.00. Following the completion of the transaction, the vice president now directly owns 25,964 shares in the company, valued at approximately $681,555. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Gregory B. Graves sold 32,593 shares of Entegris stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $26.01, for a total value of $847,743.93. Following the transaction, the chief financial officer now owns 65,554 shares of the company’s stock, valued at $1,705,059.54. The disclosure for this sale can be found here. Insiders have sold a total of 85,764 shares of company stock worth $2,223,894 in the last three months. Corporate insiders own 1.70% of the company’s stock.
A number of equities analysts recently weighed in on the company. Dougherty & Co upped their price target on Entegris from $27.50 to $30.00 and gave the stock a “buy” rating in a report on Friday, July 28th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $28.00 price target (up previously from $26.00) on shares of Entegris in a report on Thursday, July 13th. BidaskClub cut Entegris from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Goldman Sachs Group, Inc. (The) raised Entegris from a “buy” rating to a “conviction-buy” rating and set a $29.00 price target for the company in a report on Monday, May 22nd. Finally, Zacks Investment Research cut Entegris from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Four equities research 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. Entegris has an average rating of “Buy” and an average price target of $27.50.
Shares of Entegris, Inc. (ENTG) opened at 26.55 on Tuesday. Entegris, Inc. has a 12-month low of $14.73 and a 12-month high of $27.20. The company has a 50 day moving average price of $25.09 and a 200 day moving average price of $23.98. The firm has a market cap 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 Thomson Reuters’ consensus estimate of $0.29 by $0.05. The business had revenue of $329 million for 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%. The company’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.28 EPS. On average, analysts forecast that Entegris, Inc. will post $1.28 earnings per share for the current fiscal year.
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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