Nicholas Investment Partners LP Sells 519 Shares of Entegris, Inc. (ENTG)
Nicholas Investment Partners LP lessened its holdings in Entegris, Inc. (NASDAQ:ENTG) by 0.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 307,541 shares of the semiconductor company’s stock after selling 519 shares during the quarter. Nicholas Investment Partners LP owned about 0.22% of Entegris worth $6,751,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in ENTG. BlackRock Inc. grew its holdings in Entegris by 26,099.4% in the first 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. Eagle Asset Management Inc. grew its holdings in Entegris by 285.8% in the second quarter. Eagle Asset Management Inc. now owns 2,324,644 shares of the semiconductor company’s stock worth $51,025,000 after purchasing an additional 1,722,099 shares during the period. FMR LLC grew its holdings in Entegris by 169.6% in the first 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. Rothschild Asset Management Inc. purchased a new stake in Entegris in the second quarter worth about $12,573,000. Finally, Ameriprise Financial Inc. grew its holdings in Entegris by 54.7% in the first 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. Institutional investors and hedge funds own 95.08% of the company’s stock.
Shares of Entegris, Inc. (NASDAQ ENTG) traded up 1.554% on Monday, hitting $27.775. 280,325 shares of the stock traded hands. The stock has a market cap of $3.94 billion, a P/E ratio of 33.026 and a beta of 1.46. The stock’s 50 day moving average price is $25.28 and its 200 day moving average price is $24.12. Entegris, Inc. has a 52-week low of $14.73 and a 52-week high of $28.28.
Entegris (NASDAQ:ENTG) last posted its earnings results on Thursday, July 27th. The semiconductor company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. The business had revenue of $329.00 million for the quarter, compared to the consensus estimate of $324.51 million. Entegris had a net margin of 9.63% and a return on equity of 17.04%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 EPS. On average, equities analysts expect that Entegris, Inc. will post $1.28 EPS for the current fiscal year.
In other news, VP Corey Rucci sold 15,000 shares of Entegris stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $26.25, for a total value of $393,750.00. Following the transaction, the vice president now owns 25,964 shares of the company’s stock, valued at approximately $681,555. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Gregory B. Graves sold 19,712 shares of Entegris stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $26.21, for a total transaction of $516,651.52. Following the completion of the transaction, the chief financial officer now directly owns 61,546 shares in the company, valued at approximately $1,613,120.66. 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. Insiders own 1.70% of the company’s stock.
A number of equities research analysts have weighed in on ENTG shares. Goldman Sachs Group, Inc. (The) upgraded shares of Entegris from a “buy” rating to a “conviction-buy” rating and set a $29.00 price objective on the stock in a report on Monday, May 22nd. BidaskClub cut 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 issued a “hold” rating and a $24.00 price objective on the stock. Zacks Investment Research upgraded shares of Entegris from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective on the stock in a report on Monday, July 31st. Finally, Stifel Nicolaus restated a “buy” rating and issued a $29.00 price objective (up previously from $28.00) on shares of Entegris in a report on Sunday, July 30th. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $27.78.
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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