Strs Ohio raised its holdings in Entegris Inc (NASDAQ:ENTG) by 76.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,415 shares of the semiconductor company’s stock after buying an additional 9,744 shares during the quarter. Strs Ohio’s holdings in Entegris were worth $1,323,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of ENTG. JPMorgan Chase & Co. lifted its stake in Entegris by 249.0% in the first quarter. JPMorgan Chase & Co. now owns 5,213,441 shares of the semiconductor company’s stock valued at $233,407,000 after buying an additional 3,719,465 shares during the period. Norges Bank bought a new stake in shares of Entegris during the fourth quarter valued at approximately $85,447,000. London Co. of Virginia increased its holdings in shares of Entegris by 23.8% during the first quarter. London Co. of Virginia now owns 4,112,832 shares of the semiconductor company’s stock valued at $184,131,000 after acquiring an additional 790,870 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Entegris by 7.7% during the first quarter. BlackRock Inc. now owns 9,340,989 shares of the semiconductor company’s stock valued at $418,196,000 after acquiring an additional 664,335 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Entegris by 14.1% during the first quarter. Wellington Management Group LLP now owns 4,680,243 shares of the semiconductor company’s stock valued at $209,534,000 after acquiring an additional 579,623 shares in the last quarter. 98.97% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:ENTG opened at $71.91 on Friday. The company has a market capitalization of $9.73 billion, a PE ratio of 43.06 and a beta of 1.31. The company has a debt-to-equity ratio of 0.96, a current ratio of 5.00 and a quick ratio of 3.60. The business has a fifty day moving average price of $61.09 and a two-hundred day moving average price of $55.15. Entegris Inc has a 1 year low of $38.12 and a 1 year high of $73.00.
Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Thursday, July 23rd. The semiconductor company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.11. Entegris had a return on equity of 25.58% and a net margin of 13.51%. The firm had revenue of $448.40 million for the quarter, compared to analysts’ expectations of $417.42 million. During the same quarter in the prior year, the firm earned $0.39 EPS. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. Sell-side analysts anticipate that Entegris Inc will post 2.38 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Wednesday, July 29th will be given a dividend of $0.08 per share. The ex-dividend date is Tuesday, July 28th. This represents a $0.32 annualized dividend and a yield of 0.45%. Entegris’s payout ratio is presently 16.58%.
In other Entegris news, CEO Bertrand Loy sold 75,943 shares of the business’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $69.64, for a total value of $5,288,670.52. Following the completion of the transaction, the chief executive officer now owns 705,565 shares of the company’s stock, valued at approximately $49,135,546.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Corey Rucci sold 8,638 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $58.57, for a total transaction of $505,927.66. Following the completion of the transaction, the senior vice president now directly owns 14,472 shares of the company’s stock, valued at approximately $847,625.04. The disclosure for this sale can be found here. In the last three months, insiders sold 85,581 shares of company stock valued at $5,852,988. Corporate insiders own 1.70% of the company’s stock.
ENTG has been the subject of several recent research reports. Citigroup boosted their price objective on Entegris from $58.00 to $68.00 and gave the company a “buy” rating in a report on Monday, July 20th. Deutsche Bank boosted their price objective on Entegris from $58.00 to $65.00 in a report on Friday, July 24th. BidaskClub upgraded Entegris from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. Craig Hallum downgraded Entegris from a “buy” rating to a “hold” rating and boosted their price objective for the company from $58.00 to $66.00 in a report on Friday, July 24th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded Entegris from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a report on Monday, July 27th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $66.71.
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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