Northern Trust Corp boosted its holdings in Entegris Inc (NASDAQ:ENTG) by 2.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,848,454 shares of the semiconductor company’s stock after purchasing an additional 37,684 shares during the quarter. Northern Trust Corp’s holdings in Entegris were worth $62,662,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Lido Advisors LLC increased its holdings in Entegris by 27.0% in the second quarter. Lido Advisors LLC now owns 8,390 shares of the semiconductor company’s stock worth $284,000 after purchasing an additional 1,786 shares in the last quarter. Sawtooth Solutions LLC bought a new stake in Entegris in the second quarter worth approximately $228,000. Sandler Capital Management increased its holdings in Entegris by 17.6% in the second quarter. Sandler Capital Management now owns 638,862 shares of the semiconductor company’s stock worth $21,657,000 after purchasing an additional 95,842 shares in the last quarter. Rothschild Asset Management Inc. grew its stake in Entegris by 5.3% in the second quarter. Rothschild Asset Management Inc. now owns 306,458 shares of the semiconductor company’s stock valued at $10,389,000 after acquiring an additional 15,362 shares during the period. Finally, Lord Abbett & CO. LLC acquired a new stake in Entegris in the first quarter valued at approximately $55,461,000. Institutional investors and hedge funds own 94.18% of the company’s stock.
A number of equities research analysts have commented on ENTG shares. Zacks Investment Research raised Entegris from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Tuesday, June 12th. BidaskClub cut Entegris from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 20th. Stifel Nicolaus raised their price objective on Entegris from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, July 2nd. ValuEngine cut Entegris from a “buy” rating to a “hold” rating in a research note on Wednesday, July 11th. Finally, Loop Capital set a $46.00 price objective on Entegris and gave the company a “buy” rating in a research note on Saturday, July 28th. Three research analysts have rated the stock with a sell rating and ten have assigned a buy rating to the company’s stock. Entegris presently has a consensus rating of “Buy” and a consensus price target of $41.60.
Shares of Entegris stock opened at $28.03 on Monday. The company has a quick ratio of 2.49, a current ratio of 3.79 and a debt-to-equity ratio of 0.62. Entegris Inc has a 52 week low of $27.44 and a 52 week high of $39.55. The company has a market capitalization of $4.10 billion, a price-to-earnings ratio of 19.47 and a beta of 1.41.
Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Thursday, July 26th. The semiconductor company reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.04. The firm had revenue of $383.06 million during the quarter, compared to analysts’ expectations of $378.52 million. Entegris had a return on equity of 24.90% and a net margin of 8.61%. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 earnings per share. As a group, research analysts predict that Entegris Inc will post 1.95 EPS for the current year.
In related news, Director James Gentilcore sold 14,868 shares of Entegris stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $33.92, for a total transaction of $504,322.56. Following the transaction, the director now owns 4,090 shares of the company’s stock, valued at $138,732.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Brian F. Sullivan sold 5,133 shares of Entegris stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $36.65, for a total value of $188,124.45. Following the transaction, the director now directly owns 103,294 shares in the company, valued at approximately $3,785,725.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,024 shares of company stock worth $1,268,095. 1.20% of the stock is owned by insiders.
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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