Morgan Stanley Increases Stock Position in Entegris Inc (NASDAQ:ENTG)

Morgan Stanley boosted its stake in Entegris Inc (NASDAQ:ENTG) by 287.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 348,027 shares of the semiconductor company’s stock after purchasing an additional 258,152 shares during the quarter. Morgan Stanley owned about 0.26% of Entegris worth $12,989,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Gryphon Financial Partners LLC bought a new stake in shares of Entegris in the 2nd quarter worth about $230,000. TD Asset Management Inc. lifted its position in Entegris by 18.4% during the second quarter. TD Asset Management Inc. now owns 214,586 shares of the semiconductor company’s stock valued at $8,008,000 after acquiring an additional 33,400 shares during the last quarter. First Trust Advisors LP lifted its position in Entegris by 18.7% during the second quarter. First Trust Advisors LP now owns 178,235 shares of the semiconductor company’s stock valued at $6,652,000 after acquiring an additional 28,071 shares during the last quarter. Commerce Bank lifted its position in Entegris by 20.9% during the second quarter. Commerce Bank now owns 17,370 shares of the semiconductor company’s stock valued at $649,000 after acquiring an additional 3,005 shares during the last quarter. Finally, Swiss National Bank lifted its position in Entegris by 2.9% during the first quarter. Swiss National Bank now owns 257,600 shares of the semiconductor company’s stock valued at $9,194,000 after acquiring an additional 7,200 shares during the last quarter.

A number of research analysts have issued reports on the stock. Deutsche Bank lowered shares of Entegris from a “buy” rating to a “hold” rating in a research note on Sunday, October 6th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Entegris from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Tuesday. Loop Capital increased their price objective on shares of Entegris to $51.00 and gave the company a “market perform” rating in a report on Friday, October 4th. They noted that the move was a valuation call. ValuEngine downgraded shares of Entegris from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, CL King started coverage on shares of Entegris in a research note on Thursday, June 20th. They issued a “buy” rating and a $44.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Entegris has a consensus rating of “Buy” and an average price target of $46.29.

In other Entegris news, CFO Gregory B. Graves sold 25,974 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $45.00, for a total value of $1,168,830.00. Following the transaction, the chief financial officer now directly owns 74,521 shares in the company, valued at approximately $3,353,445. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP William James Shaner sold 22,544 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $44.21, for a total transaction of $996,670.24. Following the completion of the transaction, the senior vice president now owns 49,830 shares in the company, valued at $2,202,984.30. The disclosure for this sale can be found here. Insiders sold a total of 72,812 shares of company stock worth $3,242,453 over the last quarter. Insiders own 1.50% of the company’s stock.

ENTG stock opened at $47.37 on Friday. The company has a fifty day moving average price of $45.38 and a 200 day moving average price of $40.19. Entegris Inc has a 12 month low of $23.39 and a 12 month high of $48.43. The company has a market cap of $6.22 billion, a price-to-earnings ratio of 25.27 and a beta of 1.36. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.87 and a quick ratio of 3.66.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Thursday, July 25th. The semiconductor company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). Entegris had a net margin of 18.18% and a return on equity of 24.13%. The firm had revenue of $378.90 million during the quarter, compared to analyst estimates of $382.02 million. During the same period in the prior year, the firm posted $0.49 earnings per share. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. As a group, analysts anticipate that Entegris Inc will post 1.91 earnings per share for the current year.

Entegris Company Profile

Entegris, Inc develops, manufactures, and supplies micro contamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).

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Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

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