BlackRock Institutional Trust Company N.A. increased its stake in shares of Entegris Inc. (NASDAQ:ENTG) by 2.9% during the third quarter, according to its most recent filing with the SEC. The fund owned 3,611,462 shares of the company’s stock after buying an additional 100,127 shares during the period. BlackRock Institutional Trust Company N.A. owned approximately 2.56% of Entegris worth $62,912,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. BNP Paribas Arbitrage SA bought a new stake in shares of Entegris during the second quarter valued at $100,000. Advisor Group Inc. bought a new stake in shares of Entegris during the second quarter valued at $111,000. Genesee Valley Trust Co. boosted its stake in shares of Entegris by 6.6% in the second quarter. Genesee Valley Trust Co. now owns 12,575 shares of the company’s stock valued at $182,000 after buying an additional 780 shares in the last quarter. Summit Securities Group LLC bought a new stake in shares of Entegris during the second quarter valued at $202,000. Finally, Strs Ohio boosted its stake in shares of Entegris by 37.4% in the third quarter. Strs Ohio now owns 12,500 shares of the company’s stock valued at $217,000 after buying an additional 3,400 shares in the last quarter. Hedge funds and other institutional investors own 98.06% of the company’s stock.
Shares of Entegris Inc. (NASDAQ:ENTG) opened at 18.40 on Thursday. Entegris Inc. has a 52 week low of $10.47 and a 52 week high of $19.05. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 29.25 and a beta of 1.45. The firm has a 50-day moving average price of $18.19 and a 200 day moving average price of $17.02.
Entegris (NASDAQ:ENTG) last announced its earnings results on Wednesday, October 26th. The company reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. The business had revenue of $296.70 million for the quarter, compared to analysts’ expectations of $292.68 million. Entegris had a return on equity of 15.06% and a net margin of 7.82%. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period last year, the firm posted $0.23 earnings per share. On average, analysts forecast that Entegris Inc. will post $0.91 EPS for the current fiscal year.
Several brokerages have recently weighed in on ENTG. Zacks Investment Research cut Entegris from a “hold” rating to a “sell” rating in a research report on Friday, January 6th. Dougherty & Co upgraded shares of Entegris from a “neutral” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Thursday, October 27th. Finally, Needham & Company LLC initiated coverage on shares of Entegris in a research report on Monday, November 21st. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $19.00.
In other Entegris news, COO Todd James Edlund sold 7,207 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $18.22, for a total value of $131,311.54. Following the transaction, the chief operating officer now directly owns 129,569 shares of the company’s stock, valued at $2,360,747.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Stuart Tison sold 9,532 shares of the firm’s stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $15.65, for a total value of $149,175.80. Following the completion of the transaction, the vice president now directly owns 101,385 shares in the company, valued at $1,586,675.25. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.
Entegris Company Profile
Entegris, Inc is a developer, manufacturer and supplier of materials and solutions for manufacturing processes in the semiconductor and other high-technology industries. The Company designs, manufactures and markets its products through two segments: Critical Materials Handling and Electronic Materials.
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