Bank of Montreal Can raised its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 68.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 548,938 shares of the semiconductor company’s stock after buying an additional 222,136 shares during the period. Bank of Montreal Can owned 0.39% of Entegris worth $12,049,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Entegris by 4.3% in the first quarter. Vanguard Group Inc. now owns 11,209,039 shares of the semiconductor company’s stock worth $262,292,000 after buying an additional 459,189 shares during the period. BlackRock Inc. increased its position in Entegris by 26,099.4% in the first quarter. BlackRock Inc. now owns 9,885,824 shares of the semiconductor company’s stock valued at $231,328,000 after buying an additional 9,848,091 shares during the last quarter. Snyder Capital Management L P increased its position in Entegris by 8.6% in the first quarter. Snyder Capital Management L P now owns 3,397,019 shares of the semiconductor company’s stock valued at $79,490,000 after buying an additional 270,261 shares during the last quarter. State Street Corp raised its position in Entegris by 4.0% in the first quarter. State Street Corp now owns 2,689,181 shares of the semiconductor company’s stock worth $62,926,000 after buying an additional 103,935 shares during the period. Finally, FMR LLC raised 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 period. Institutional investors own 97.87% of the company’s stock.
Shares of Entegris, Inc. (NASDAQ ENTG) traded up 0.40% during trading on Thursday, reaching $25.35. 29,846 shares of the company were exchanged. The firm has a market capitalization of $3.59 billion, a P/E ratio of 30.14 and a beta of 1.47. Entegris, Inc. has a 1-year low of $14.73 and a 1-year high of $27.20. The firm’s 50 day moving average is $24.18 and its 200 day moving average is $23.01.
Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. Entegris had a return on equity of 17.04% and a net margin of 9.63%. The business had revenue of $329 million for the quarter, compared to the consensus estimate of $324.51 million. During the same quarter in the prior year, the business posted $0.28 EPS. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, equities analysts anticipate that Entegris, Inc. will post $1.28 EPS for the current fiscal year.
A number of equities analysts have recently commented on the stock. Dougherty & Co raised their price objective on shares of Entegris from $27.50 to $30.00 and gave the company a “buy” rating in a research report on Friday, July 28th. Stifel Nicolaus reiterated a “buy” rating and set a $28.00 target price (up from $26.00) on shares of Entegris in a research report on Thursday, July 13th. BidaskClub lowered shares of Entegris from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Zacks Investment Research lowered shares of Entegris from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Finally, Goldman Sachs Group, Inc. (The) raised shares of Entegris from a “buy” rating to a “conviction-buy” rating and set a $29.00 target price on the stock in a research note on Monday, May 22nd. Three research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. Entegris currently has a consensus rating of “Buy” and a consensus target price of $27.50.
In related news, CFO Gregory B. Graves sold 19,712 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $26.21, for a total value of $516,651.52. Following the completion of the transaction, the chief financial officer now directly owns 61,546 shares of the company’s stock, valued at approximately $1,613,120.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Gregory B. Graves sold 32,593 shares of the firm’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $26.01, for a total value of $847,743.93. Following the completion of the transaction, the chief financial officer now directly owns 65,554 shares of the company’s stock, valued at $1,705,059.54. The disclosure for this sale can be found here. Insiders have sold a total of 79,268 shares of company stock worth $2,043,872 in the last 90 days. 1.70% of the stock is currently owned by company 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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