Entegris, Inc. (ENTG) Stake Increased by Teachers Advisors LLC

Teachers Advisors LLC increased its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 0.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,130,271 shares of the semiconductor company’s stock after buying an additional 7,426 shares during the period. Teachers Advisors LLC’s holdings in Entegris were worth $26,448,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ENTG. FMR LLC boosted its position in Entegris by 169.6% in the first quarter. FMR LLC now owns 2,523,000 shares of the semiconductor company’s stock worth $59,038,000 after buying an additional 1,587,200 shares during the last quarter. Principal Financial Group Inc. boosted its position in Entegris by 41.4% in the first quarter. Principal Financial Group Inc. now owns 1,176,512 shares of the semiconductor company’s stock worth $27,531,000 after buying an additional 344,274 shares during the last quarter. OppenheimerFunds Inc. boosted its position in Entegris by 23.9% in the first quarter. OppenheimerFunds Inc. now owns 1,228,072 shares of the semiconductor company’s stock worth $28,737,000 after buying an additional 236,982 shares during the last quarter. ClariVest Asset Management LLC boosted its position in Entegris by 21.1% in the first quarter. ClariVest Asset Management LLC now owns 80,741 shares of the semiconductor company’s stock worth $1,890,000 after buying an additional 14,055 shares during the last quarter. Finally, First Interstate Bank boosted its position in Entegris by 0.7% in the first quarter. First Interstate Bank now owns 9,970 shares of the semiconductor company’s stock worth $233,000 after buying an additional 70 shares during the last quarter. 97.86% of the stock is currently owned by institutional investors and hedge funds.

Entegris, Inc. (NASDAQ:ENTG) opened at 22.50 on Monday. The company’s 50-day moving average price is $24.33 and its 200-day moving average price is $21.98. The company has a market cap of $3.19 billion, a PE ratio of 28.12 and a beta of 1.44. Entegris, Inc. has a 12-month low of $14.18 and a 12-month high of $27.20.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Thursday, April 27th. The semiconductor company reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.03. The firm had revenue of $317.40 million during the quarter, compared to analyst estimates of $304.62 million. Entegris had a net margin of 9.26% and a return on equity of 16.65%. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter last year, the business posted $0.17 EPS. Equities analysts anticipate that Entegris, Inc. will post $1.16 earnings per share for the current year.

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A number of research firms recently commented on ENTG. Zacks Investment Research cut Entegris from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. BidaskClub cut Entegris from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Deutsche Bank AG began coverage on Entegris in a report on Wednesday, July 5th. They set a “hold” rating and a $24.00 price target for the company. Needham & Company LLC upgraded Entegris from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Monday, March 13th. Finally, Dougherty & Co lifted their price target on Entegris from $26.50 to $27.50 and gave the stock a “buy” rating in a report on Friday, April 28th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Entegris has an average rating of “Buy” and an average price target of $24.72.

In other Entegris news, COO Todd James Edlund sold 19,116 shares of the stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $25.02, for a total value of $478,282.32. Following the completion of the sale, the chief operating officer now owns 160,610 shares in the company, valued at approximately $4,018,462.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Daniel W. Christman sold 3,408 shares of the stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $23.51, for a total transaction of $80,122.08. Following the completion of the sale, the director now owns 81,689 shares of the company’s stock, valued at approximately $1,920,508.39. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,036 shares of company stock valued at $1,301,229. Company insiders own 1.70% of the company’s stock.

About Entegris

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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Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

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