Federated Investors Inc. PA lifted its position in Entegris Inc (NASDAQ:ENTG) by 5.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 105,731 shares of the semiconductor company’s stock after buying an additional 5,222 shares during the period. Federated Investors Inc. PA owned approximately 0.07% of Entegris worth $3,584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently added to or reduced their stakes in the company. Signition LP bought a new stake in Entegris during the second quarter valued at about $207,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Entegris in the second quarter worth about $207,000. Lido Advisors LLC bought a new stake in shares of Entegris in the first quarter worth about $229,000. Sawtooth Solutions LLC bought a new stake in shares of Entegris in the second quarter worth about $228,000. Finally, First Republic Investment Management Inc. bought a new stake in shares of Entegris in the first quarter worth about $247,000. Hedge funds and other institutional investors own 94.18% of the company’s stock.
Shares of NASDAQ ENTG traded down $0.17 during trading hours on Friday, reaching $28.03. The stock had a trading volume of 1,544,048 shares, compared to its average volume of 1,004,079. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 19.47 and a beta of 1.41. Entegris Inc has a 52-week low of $27.44 and a 52-week high of $39.55. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.49 and a current ratio of 3.79.
Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Thursday, July 26th. The semiconductor company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.04. The company had revenue of $383.06 million during the quarter, compared to the consensus estimate of $378.52 million. Entegris had a net margin of 8.61% and a return on equity of 24.90%. Entegris’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.34 earnings per share. Analysts forecast that Entegris Inc will post 1.95 earnings per share for the current year.
In other news, Director Brian F. Sullivan sold 5,133 shares of the company’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $36.65, for a total transaction of $188,124.45. Following the transaction, the director now directly owns 103,294 shares of the company’s stock, valued at $3,785,725.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Paul L. H. Olson sold 1,750 shares of the company’s stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $35.76, for a total value of $62,580.00. Following the completion of the transaction, the director now directly owns 47,704 shares in the company, valued at $1,705,895.04. The disclosure for this sale can be found here. Insiders sold 36,024 shares of company stock valued at $1,268,095 in the last three months. 1.20% of the stock is currently owned by insiders.
ENTG has been the topic of several research reports. Loop Capital set a $46.00 target price on Entegris and gave the stock a “buy” rating in a report on Saturday, July 28th. BidaskClub cut Entegris from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 20th. Zacks Investment Research raised Entegris from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Tuesday, June 12th. Craig Hallum reissued a “buy” rating on shares of Entegris in a research note on Friday, June 8th. Finally, Needham & Company LLC boosted their price objective on Entegris from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Friday, June 8th. Three research analysts have rated the stock with a sell rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $41.60.
Entegris, Inc develops, manufactures, and supplies microcontamination 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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