Entegris, Inc. (ENTG) Shares Sold by Northern Trust Corp
Northern Trust Corp reduced its stake in Entegris, Inc. (NASDAQ:ENTG) by 43.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,265,191 shares of the semiconductor company’s stock after selling 1,722,358 shares during the period. Northern Trust Corp owned approximately 1.60% of Entegris worth $49,720,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of 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 valued at $231,328,000 after buying an additional 9,848,091 shares during the period. Eagle Asset Management Inc. raised its holdings in Entegris by 285.8% in the 2nd quarter. Eagle Asset Management Inc. now owns 2,324,644 shares of the semiconductor company’s stock valued at $51,025,000 after buying an additional 1,722,099 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 valued at $59,038,000 after buying an additional 1,587,200 shares during the period. Rothschild Asset Management Inc. purchased a new stake in Entegris in the 2nd quarter valued at about $12,573,000. Finally, 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 valued at $262,292,000 after buying an additional 459,189 shares during the period. Hedge funds and other institutional investors own 95.08% of the company’s stock.
Shares of Entegris, Inc. (NASDAQ ENTG) opened at 28.95 on Friday. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 34.42 and a beta of 1.52. The firm’s 50-day moving average is $26.71 and its 200-day moving average is $24.81. Entegris, Inc. has a 52 week low of $14.73 and a 52 week high of $29.30.
Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $329.00 million for the quarter, compared to analyst estimates of $324.51 million. During the same period last year, the company earned $0.28 EPS. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. On average, equities research analysts anticipate that Entegris, Inc. will post $1.28 EPS for the current fiscal year.
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In other news, Director Paul L. H. Olson sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $25.77, for a total value of $90,195.00. Following the transaction, the director now directly owns 52,864 shares in the company, valued at approximately $1,362,305.28. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Corey Rucci sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $26.25, for a total value of $393,750.00. Following the completion of the transaction, the vice president now owns 25,964 shares in the company, valued at $681,555. The disclosure for this sale can be found here. Over the last three months, insiders sold 85,764 shares of company stock worth $2,223,894. 1.70% of the stock is owned by corporate insiders.
Several brokerages recently issued reports on ENTG. Loop Capital began coverage on shares of Entegris in a report on Thursday, September 28th. They issued a “buy” rating and a $35.00 price objective on the stock. Stifel Nicolaus restated a “buy” rating and issued a $28.00 price objective (up from $26.00) on shares of Entegris in a report on Thursday, July 13th. BidaskClub lowered shares of Entegris from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Needham & Company LLC restated a “buy” rating and issued a $29.00 price objective on shares of Entegris in a report on Tuesday, September 19th. Finally, Dougherty & Co boosted their price objective on shares of Entegris from $27.50 to $30.00 and gave the company a “buy” rating in a report on Friday, July 28th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $28.90.
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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