Bay Resource Partners, LP Owns 11.2% Stake in Entegris Inc. (ENTG)
Bay Resource Partners, LP recently disclosed that they own 11.2% of Entegris Inc. (NASDAQ:ENTG) in a Schedule 13D/A disclosure that was filed with the Securities and Exchange Commission on Tuesday, October 11th. The investor owns 15,765,340 shares of the stock valued at about $267,853,127. The reporting parties listed on the disclosure included Bay Resource Partners, LP, Bay II Resource Partners, LP, Bay Resource Partners Offshore Master Fund, LP, GMT Capital Corp and Thomas E Claugus. The filing is available through Edgar at this link.
Other hedge funds have also made changes to their positions in the company. BNP Paribas Arbitrage SA acquired a new stake in shares of Entegris during the second quarter valued at about $100,000. Advisor Group Inc. acquired a new stake in shares of Entegris during the second quarter valued at about $111,000. Strs Ohio boosted its stake in shares of Entegris by 40.0% in the second quarter. Strs Ohio now owns 9,100 shares of the company’s stock valued at $131,000 after buying an additional 2,600 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Entegris by 125.0% in the first quarter. BlackRock Inc. now owns 9,420 shares of the company’s stock valued at $128,000 after buying an additional 5,234 shares in the last quarter. Finally, Bayesian Capital Management LP acquired a new stake in shares of Entegris during the first quarter valued at about $161,000. Hedge funds and other institutional investors own 98.39% of the company’s stock.
Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.08. Entegris had a net margin of 8.14% and a return on equity of 15.38%. The company earned $303.10 million during the quarter, compared to analyst estimates of $278.93 million. During the same period in the previous year, the business earned $0.24 EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis.
ENTG has been the topic of several analyst reports. Citigroup Inc. upped their price target on shares of Entegris from $14.50 to $18.00 and gave the company a “neutral” rating in a report on Thursday, July 28th. Craig Hallum reiterated a “buy” rating on shares of Entegris in a report on Thursday, July 28th. Zacks Investment Research downgraded shares of Entegris from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 27th. Pacific Crest upped their price target on shares of Entegris from $16.00 to $20.00 and gave the company an “overweight” rating in a report on Thursday, July 28th. Finally, Dougherty & Co downgraded shares of Entegris from a “buy” rating to a “neutral” rating in a report on Thursday, July 28th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $19.00.
In other Entegris news, CFO Gregory B. Graves sold 23,948 shares of Entegris stock in a transaction that occurred on Wednesday, October 5th. The shares were sold at an average price of $17.50, for a total value of $419,090.00. Following the completion of the sale, the chief financial officer now owns 98,939 shares of the company’s stock, valued at approximately $1,731,432.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP William James Shaner sold 5,928 shares of Entegris stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $17.54, for a total transaction of $103,977.12. Following the completion of the sale, the vice president now directly owns 54,373 shares of the company’s stock, valued at approximately $953,702.42. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.
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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