BNP Paribas Arbitrage SA grew its holdings in Entegris, Inc. (NASDAQ:ENTG) by 562.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 21,311 shares of the semiconductor company’s stock after buying an additional 18,093 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Entegris were worth $468,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ENTG. BlackRock Inc. lifted its stake in shares of 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 purchasing an additional 9,848,091 shares during the period. FMR LLC lifted its stake in shares of 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 purchasing an additional 1,587,200 shares during the period. Rothschild Asset Management Inc. purchased a new position in shares of Entegris in the 2nd quarter valued at approximately $12,573,000. Ameriprise Financial Inc. lifted its stake in shares of Entegris by 54.7% in the 1st quarter. Ameriprise Financial Inc. now owns 1,514,429 shares of the semiconductor company’s stock valued at $35,440,000 after purchasing an additional 535,460 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of 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 purchasing an additional 459,189 shares during the period. Institutional investors and hedge funds own 95.29% of the company’s stock.
Entegris, Inc. (NASDAQ:ENTG) opened at 27.35 on Friday. Entegris, Inc. has a 1-year low of $14.73 and a 1-year high of $27.78. The stock has a market cap of $3.88 billion, a PE ratio of 32.52 and a beta of 1.46. The stock has a 50 day moving average price of $25.28 and a 200-day moving average price of $24.12.
Entegris (NASDAQ:ENTG) last announced 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 company had revenue of $329.00 million for 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 earnings per share. On average, equities analysts expect that Entegris, Inc. will post $1.28 EPS for the current year.
In other Entegris news, VP Corey Rucci sold 15,000 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $26.25, for a total transaction of $393,750.00. Following the completion of the sale, the vice president now owns 25,964 shares in the company, valued at $681,555. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Paul L. H. Olson sold 3,500 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was 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 90 days, insiders have sold 85,764 shares of company stock valued at $2,223,894. 1.70% of the stock is owned by company insiders.
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A number of research analysts have recently commented on ENTG shares. BidaskClub upgraded Entegris from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. 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 research note on Monday, July 31st. Deutsche Bank AG started coverage on Entegris in a research note on Wednesday, July 5th. They issued a “hold” rating and a $24.00 target price for the company. Goldman Sachs Group, Inc. (The) upgraded Entegris from a “buy” rating to a “conviction-buy” rating and set a $29.00 target price for the company in a research note on Monday, May 22nd. Finally, Stifel Nicolaus restated a “buy” rating and issued a $29.00 target price (up previously from $28.00) on shares of Entegris in a research note on Sunday, July 30th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus 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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