Martingale Asset Management L P Has $1.37 Million Holdings in Entegris, Inc. (ENTG)
Martingale Asset Management L P cut its stake in Entegris, Inc. (NASDAQ:ENTG) by 57.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 62,559 shares of the semiconductor company’s stock after selling 84,022 shares during the quarter. Martingale Asset Management L P’s holdings in Entegris were worth $1,374,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in ENTG. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Entegris by 11.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,324 shares of the semiconductor company’s stock worth $117,000 after buying an additional 533 shares during the period. FNY Partners Fund LP acquired a new position in shares of Entegris during the 1st quarter worth approximately $154,000. CIBC World Markets Inc. acquired a new position in shares of Entegris during the 1st quarter worth approximately $228,000. Teacher Retirement System of Texas raised its stake in shares of Entegris by 0.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 11,271 shares of the semiconductor company’s stock worth $247,000 after buying an additional 53 shares during the period. Finally, HighTower Advisors LLC acquired a new position in shares of Entegris during the 1st quarter worth approximately $264,000. 95.08% of the stock is owned by institutional investors.
Several research analysts have recently weighed in on ENTG shares. BidaskClub downgraded Entegris from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Zacks Investment Research raised 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. KeyCorp reaffirmed an “outperform” rating and set a $30.00 target price on shares of Entegris in a research note on Saturday, September 16th. Deutsche Bank AG started coverage on Entegris in a research note on Wednesday, July 5th. They set a “hold” rating and a $24.00 target price for the company. Finally, Dougherty & Co upped their target price on Entegris from $27.50 to $30.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. Entegris has a consensus rating of “Buy” and an average price target of $28.22.
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Shares of Entegris, Inc. (NASDAQ ENTG) opened at 27.85 on Friday. The stock has a market capitalization of $3.95 billion, a PE ratio of 33.12 and a beta of 1.46. The company’s 50 day moving average price is $25.37 and its 200 day moving average price is $24.25. Entegris, Inc. has a 12 month low of $14.73 and a 12 month high of $28.28.
Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.05. The firm had revenue of $329.00 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 earnings per share. Equities analysts anticipate that Entegris, Inc. will post $1.28 earnings per share for the current fiscal year.
In other news, CFO Gregory B. Graves sold 32,593 shares of the business’s stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 65,554 shares of the company’s stock, valued at $1,705,059.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Gregory B. Graves sold 4,908 shares of the business’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $26.00, for a total value of $127,608.00. Following the completion of the transaction, the chief financial officer now directly owns 65,554 shares of the company’s stock, valued at $1,704,404. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 85,764 shares of company stock valued at $2,223,894. 1.70% of the stock is currently owned by 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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