SG Americas Securities LLC reduced its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 29.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,344 shares of the semiconductor company’s stock after selling 2,198 shares during the period. SG Americas Securities LLC’s holdings in Entegris were worth $125,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in ENTG. CIBC World Markets Inc. bought a new stake in shares of Entegris during the first quarter worth approximately $228,000. GW&K Investment Management LLC bought a new stake in shares of Entegris during the first quarter worth approximately $241,000. Sawgrass Asset Management LLC bought a new stake in shares of Entegris during the first quarter worth approximately $310,000. Strs Ohio boosted its stake in shares of Entegris by 40.8% in the first quarter. Strs Ohio now owns 17,600 shares of the semiconductor company’s stock worth $411,000 after buying an additional 5,100 shares during the period. Finally, Karp Capital Management Corp bought a new stake in shares of Entegris during the first quarter worth approximately $594,000. 97.65% of the stock is owned by institutional investors.
Entegris, Inc. (ENTG) opened at 24.55 on Friday. The company has a 50 day moving average price of $24.33 and a 200 day moving average price of $21.98. Entegris, Inc. has a 12 month low of $14.18 and a 12 month high of $27.20. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 30.69 and a beta of 1.44.
Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Thursday, April 27th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.03. The company had revenue of $317.40 million during the quarter, compared to the consensus estimate of $304.62 million. Entegris had a return on equity of 16.65% and a net margin of 9.26%. The firm’s revenue was up 18.9% compared to the same quarter last year. During the same period last year, the company earned $0.17 earnings per share. Analysts anticipate that Entegris, Inc. will post $1.16 earnings per share for the current fiscal year.
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A number of brokerages have recently commented on ENTG. Stifel Nicolaus reaffirmed a “buy” rating and issued a $28.00 price target (up from $26.00) on shares of Entegris in a research note on Thursday. Zacks Investment Research cut Entegris from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. BidaskClub cut Entegris from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. Deutsche Bank AG began coverage on Entegris in a research note on Wednesday, July 5th. They issued a “hold” rating and a $24.00 price target for the company. Finally, Dougherty & Co upped their price target on Entegris from $26.50 to $27.50 and gave the company a “buy” rating in a research note on Friday, April 28th. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Entegris presently has a consensus rating of “Buy” and a consensus price target of $25.39.
In other Entegris news, COO Todd James Edlund sold 19,116 shares of Entegris stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $25.02, for a total value of $478,282.32. Following the completion of the sale, the chief operating officer now directly owns 160,610 shares in the company, valued at $4,018,462.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Gregory Bryan Marshall sold 11,765 shares of Entegris stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $25.03, for a total value of $294,477.95. Following the completion of the sale, the senior vice president now owns 15,241 shares of the company’s stock, valued at $381,482.23. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,036 shares of company stock valued at $1,301,229. 1.70% of the stock is currently owned by corporate insiders.
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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