Entegris, Inc. (ENTG) Shares Sold by American Century Companies Inc.
American Century Companies Inc. reduced its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 27.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 274,555 shares of the semiconductor company’s stock after selling 106,438 shares during the period. American Century Companies Inc. owned about 0.19% of Entegris worth $7,921,000 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 ENTG. Eagle Asset Management Inc. boosted its position in shares of Entegris by 285.8% during the second quarter. Eagle Asset Management Inc. now owns 2,324,644 shares of the semiconductor company’s stock worth $51,025,000 after buying an additional 1,722,099 shares during the period. BlackRock Inc. boosted its holdings in Entegris by 15.8% in the second 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. FMR LLC boosted its holdings in Entegris by 54.8% in the second quarter. FMR LLC now owns 3,904,882 shares of the semiconductor company’s stock valued at $85,712,000 after purchasing an additional 1,381,882 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in Entegris in the third quarter valued at $23,700,000. Finally, Rothschild Asset Management Inc. purchased a new position in Entegris in the second quarter valued at $12,573,000. Institutional investors and hedge funds own 96.53% of the company’s stock.
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In other Entegris news, SVP Stuart Tison sold 3,814 shares of Entegris stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $31.00, for a total transaction of $118,234.00. Following the completion of the sale, the senior vice president now directly owns 81,943 shares of the company’s stock, valued at approximately $2,540,233. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Corey Rucci sold 15,000 shares of Entegris 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 sale, the vice president now directly owns 25,964 shares of the company’s stock, valued at $681,555. The disclosure for this sale can be found here. Insiders have sold a total of 31,796 shares of company stock valued at $909,907 over the last ninety days. 1.50% of the stock is owned by company insiders.
Shares of Entegris, Inc. (NASDAQ:ENTG) opened at $31.70 on Tuesday. The stock has a market capitalization of $4,420.00, a PE ratio of 24.61, a price-to-earnings-growth ratio of 2.03 and a beta of 1.56. The company has a current ratio of 3.14, a quick ratio of 2.43 and a debt-to-equity ratio of 0.40. Entegris, Inc. has a fifty-two week low of $17.10 and a fifty-two week high of $33.05.
Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.06. The company had revenue of $345.60 million during the quarter, compared to the consensus estimate of $334.30 million. Entegris had a return on equity of 18.82% and a net margin of 10.73%. Entegris’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.24 EPS. sell-side analysts predict that Entegris, Inc. will post 1.37 earnings per share for the current fiscal year.
The firm also recently declared a special dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 1st will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, October 31st. Entegris’s dividend payout ratio (DPR) is 7.22%.
A number of research firms recently issued reports on ENTG. Loop Capital began coverage on Entegris in a report on Thursday, September 28th. They issued a “buy” rating and a $35.00 target price for the company. BidaskClub lowered Entegris from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Stifel Nicolaus reiterated a “buy” rating and issued a $29.00 target price (up from $28.00) on shares of Entegris in a report on Sunday, July 30th. Dougherty & Co lifted their target price on Entegris from $27.50 to $30.00 and gave the company a “buy” rating in a report on Friday, July 28th. Finally, Zacks Investment Research upgraded Entegris from a “hold” rating to a “strong-buy” rating and set a $30.00 target price for the company in a report on Monday, July 31st. Four 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. Entegris currently has an average rating of “Buy” and a consensus target price of $32.10.
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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