Bank of New York Mellon Corp raised its stake in Entegris, Inc. (NASDAQ:ENTG) by 12.1% during the first quarter, Holdings Channel reports. The institutional investor owned 864,891 shares of the semiconductor company’s stock after buying an additional 93,089 shares during the period. Bank of New York Mellon Corp owned about 0.61% of Entegris worth $20,238,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in Entegris by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,820,329 shares of the semiconductor company’s stock valued at $86,285,000 after buying an additional 137,631 shares during the last quarter. State Street Corp increased its stake in Entegris by 5.0% in the fourth quarter. State Street Corp now owns 2,585,246 shares of the semiconductor company’s stock valued at $46,275,000 after buying an additional 122,922 shares during the last quarter. Norges Bank purchased a new stake in Entegris during the fourth quarter valued at $20,982,000. Teachers Advisors LLC increased its stake in Entegris by 50.2% in the fourth quarter. Teachers Advisors LLC now owns 1,122,845 shares of the semiconductor company’s stock valued at $20,099,000 after buying an additional 375,065 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Entegris by 54.0% in the fourth quarter. Renaissance Technologies LLC now owns 1,023,390 shares of the semiconductor company’s stock valued at $18,319,000 after buying an additional 358,700 shares during the last quarter. 97.65% of the stock is owned by institutional investors and hedge funds.
Shares of Entegris, Inc. (ENTG) opened at 24.05 on Friday. The firm’s 50-day moving average price is $24.72 and its 200 day moving average price is $21.63. The stock has a market capitalization of $3.41 billion, a P/E ratio of 30.06 and a beta of 1.45. Entegris, Inc. has a 1-year low of $13.41 and a 1-year high of $27.20.
Entegris (NASDAQ:ENTG) last issued its earnings results on Thursday, April 27th. The semiconductor company reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.03. Entegris had a return on equity of 16.65% and a net margin of 9.26%. The company had revenue of $317.40 million during the quarter, compared to the consensus estimate of $304.62 million. During the same period in the previous year, the firm posted $0.17 earnings per share. Entegris’s quarterly revenue was up 18.9% compared to the same quarter last year. Analysts expect that Entegris, Inc. will post $1.16 EPS for the current fiscal year.
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ENTG has been the subject of several research reports. Craig Hallum downgraded Entegris from a “buy” rating to a “hold” rating in a report on Friday, April 28th. They noted that the move was a valuation call. Aegis initiated coverage on Entegris in a report on Friday, March 17th. They issued a “buy” rating and a $29.00 target price for the company. Citigroup Inc. boosted their target price on Entegris from $21.00 to $24.00 and gave the company a “neutral” rating in a report on Monday, March 20th. Needham & Company LLC reissued a “positive” rating and issued a $25.00 target price on shares of Entegris in a report on Tuesday, March 21st. Finally, BidaskClub downgraded Entegris from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $24.81.
In other Entegris news, Director Brian F. Sullivan sold 9,735 shares of Entegris stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $25.96, for a total value of $252,720.60. Following the completion of the transaction, the director now directly owns 98,611 shares in the company, valued at $2,559,941.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel W. Christman sold 3,408 shares of Entegris stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $23.51, for a total value of $80,122.08. Following the completion of the transaction, the director now owns 81,689 shares of the company’s stock, valued at $1,920,508.39. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,036 shares of company stock valued at $1,301,229. 1.70% of the stock is currently owned by insiders.
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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