Entegris, Inc. (ENTG) Shares Bought by Vanguard Group Inc.
Vanguard Group Inc. increased its position in Entegris, Inc. (NASDAQ:ENTG) by 2.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,453,733 shares of the semiconductor company’s stock after purchasing an additional 244,694 shares during the quarter. Vanguard Group Inc. owned approximately 8.08% of Entegris worth $251,409,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in shares of Entegris by 15.8% in the 2nd quarter. BlackRock Inc. now owns 11,450,690 shares of the semiconductor company’s stock valued at $251,344,000 after purchasing an additional 1,564,866 shares during the period. State Street Corp raised its stake in Entegris by 4.0% during the first quarter. State Street Corp now owns 2,689,181 shares of the semiconductor company’s stock valued at $62,926,000 after buying an additional 103,935 shares during the last quarter. FMR LLC raised its stake in Entegris by 169.6% during the first 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 last quarter. Eagle Asset Management Inc. raised its stake in Entegris by 285.8% during the second 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 last quarter. Finally, Fiera Capital Corp raised its stake in Entegris by 4.2% during the second quarter. Fiera Capital Corp now owns 1,891,757 shares of the semiconductor company’s stock valued at $41,524,000 after buying an additional 76,058 shares during the last quarter. Institutional investors own 95.08% of the company’s stock.
A number of research analysts have issued reports on the company. Dougherty & Co lifted their price objective on Entegris from $27.50 to $30.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Stifel Nicolaus reiterated a “buy” rating and set a $28.00 price objective (up previously from $26.00) on shares of Entegris in a research note on Thursday, July 13th. Loop Capital assumed coverage on Entegris in a research note on Thursday, September 28th. They set a “buy” rating and a $35.00 price objective for the company. Needham & Company LLC reiterated a “buy” rating and set a $29.00 price objective on shares of Entegris in a research note on Tuesday, September 19th. Finally, KeyCorp reiterated an “outperform” rating and set a $30.00 price objective on shares of Entegris in a research note on Saturday, September 16th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. Entegris currently has an average rating of “Buy” and a consensus target price of $28.90.
Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.34 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $324.51 million. During the same quarter in the prior year, the business posted $0.28 EPS. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year.
In other news, CFO Gregory B. Graves sold 32,593 shares of the stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $26.01, for a total transaction of $847,743.93. Following the completion of the sale, the chief financial officer now owns 65,554 shares in the company, valued at approximately $1,705,059.54. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Paul L. H. Olson sold 3,500 shares of the stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $25.77, for a total value of $90,195.00. Following the sale, the director now owns 52,864 shares of the company’s stock, valued at approximately $1,362,305.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 85,764 shares of company stock valued at $2,223,894. Company insiders own 1.70% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This story was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this story can be accessed at https://www.thecerbatgem.com/2017/10/13/entegris-inc-entg-shares-bought-by-vanguard-group-inc.html.
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).
Receive News & Stock Ratings for Entegris Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entegris Inc. and related stocks with our FREE daily email newsletter.