Ameritas Investment Partners Inc. raised its position in Entegris, Inc. (NASDAQ:ENTG) by 1.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,364 shares of the semiconductor company’s stock after buying an additional 148 shares during the period. Ameritas Investment Partners Inc.’s holdings in Entegris were worth $271,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of ENTG. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Entegris by 11.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,324 shares of the semiconductor company’s stock valued at $117,000 after buying an additional 533 shares during the last quarter. Seven Eight Capital LP purchased a new stake in Entegris in the 2nd quarter valued at about $149,000. Balyasny Asset Management LLC purchased a new stake in Entegris in the 2nd quarter valued at about $243,000. Teacher Retirement System of Texas increased its stake in Entegris by 0.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 11,271 shares of the semiconductor company’s stock valued at $247,000 after buying an additional 53 shares during the last quarter. Finally, HighTower Advisors LLC purchased a new stake in Entegris in the 1st quarter valued at about $264,000. Hedge funds and other institutional investors own 94.50% of the company’s stock.
In other news, VP Corey Rucci sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $26.25, for a total transaction of $393,750.00. Following the completion of the transaction, the vice president now directly owns 25,964 shares of the company’s stock, valued at $681,555. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul L. H. Olson sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $25.77, for a total transaction of $90,195.00. Following the transaction, the director now directly owns 52,864 shares of the company’s stock, valued at $1,362,305.28. The disclosure for this sale can be found here. Insiders have sold 27,651 shares of company stock valued at $708,491 over the last three months. 1.70% of the stock is owned by corporate insiders.
Shares of Entegris, Inc. (NASDAQ:ENTG) opened at 32.30 on Friday. The stock’s 50 day moving average is $28.78 and its 200 day moving average is $25.56. Entegris, Inc. has a 52 week low of $15.30 and a 52 week high of $32.75. The stock has a market cap of $4.58 billion, a price-to-earnings ratio of 38.41 and a beta of 1.52.
Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.06. Entegris had a net margin of 10.73% and a return on equity of 19.20%. The firm had revenue of $345.60 million during the quarter, compared to analysts’ expectations of $334.30 million. During the same period in the previous year, the company earned $0.24 earnings per share. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. On average, equities analysts forecast that Entegris, Inc. will post $1.33 EPS for the current year.
The business also recently disclosed a special dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 1st will be issued a dividend of $0.07 per share. The ex-dividend date is Tuesday, October 31st.
ENTG has been the subject of several analyst reports. Deutsche Bank AG initiated coverage on shares of Entegris in a research note on Wednesday, July 5th. They issued a “hold” rating and a $24.00 price objective for the company. BidaskClub upgraded shares of Entegris from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. KeyCorp reiterated an “outperform” rating and issued a $30.00 price objective on shares of Entegris in a research note on Saturday, September 16th. Zacks Investment Research lowered shares of Entegris from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $29.00 price objective on shares of Entegris in a research note on Tuesday, September 19th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $32.10.
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Entegris Company Profile
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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