Shell Asset Management Co. Has $674,000 Position in Entegris, Inc. (NASDAQ:ENTG)
Shell Asset Management Co. continued to hold its stake in Entegris, Inc. (NASDAQ:ENTG) during the second quarter, Holdings Channel reports. The firm owned 30,722 shares of the semiconductor company’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Entegris were worth $674,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in ENTG. Campbell & CO Investment Adviser LLC bought a new stake in shares of Entegris during the second quarter worth $290,000. Acadian Asset Management LLC boosted its stake in shares of Entegris by 143.0% in the second quarter. Acadian Asset Management LLC now owns 179,073 shares of the semiconductor company’s stock worth $3,929,000 after buying an additional 105,393 shares during the period. Chase Investment Counsel Corp bought a new stake in shares of Entegris during the second quarter worth $523,000. Legato Capital Management LLC boosted its stake in shares of Entegris by 591.9% in the second quarter. Legato Capital Management LLC now owns 28,861 shares of the semiconductor company’s stock worth $633,000 after buying an additional 24,690 shares during the period. Finally, Aperio Group LLC boosted its stake in shares of Entegris by 22.1% in the second quarter. Aperio Group LLC now owns 30,985 shares of the semiconductor company’s stock worth $680,000 after buying an additional 5,603 shares during the period. 98.18% of the stock is owned by institutional investors and hedge funds.
Shares of Entegris, Inc. (NASDAQ:ENTG) opened at 24.40 on Friday. Entegris, Inc. has a 12 month low of $14.73 and a 12 month high of $27.20. The company has a 50-day moving average of $24.33 and a 200-day moving average of $23.28. The stock has a market capitalization of $3.46 billion, a PE ratio of 29.01 and a beta of 1.47.
Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.05. Entegris had a net margin of 9.63% and a return on equity of 17.04%. The company had revenue of $329 million for the quarter, compared to the consensus estimate of $324.51 million. During the same period last year, the firm posted $0.28 EPS. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, equities research analysts expect that Entegris, Inc. will post $1.28 EPS for the current fiscal year.
ENTG has been the subject of a number of research reports. BidaskClub cut shares of Entegris from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Craig Hallum cut shares of Entegris from a “buy” rating to a “hold” rating in a research report on Friday, April 28th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Entegris from a “hold” rating to a “strong-buy” rating and set a $30.00 price target for the company in a research report on Monday, July 31st. Deutsche Bank AG initiated coverage on shares of Entegris in a research report on Wednesday, July 5th. They issued a “hold” rating and a $24.00 price target for the company. Finally, Goldman Sachs Group, Inc. (The) raised shares of Entegris from a “buy” rating to a “conviction-buy” rating and set a $29.00 price target for the company in a research report on Monday, May 22nd. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $27.50.
In other news, CFO Gregory B. Graves sold 19,712 shares of the firm’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $26.21, for a total value of $516,651.52. Following the transaction, the chief financial officer now directly owns 61,546 shares in the company, valued at approximately $1,613,120.66. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP John J. Murphy sold 4,621 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $24.15, for a total transaction of $111,597.15. Following the completion of the transaction, the senior vice president now owns 59,961 shares in the company, valued at $1,448,058.15. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 79,268 shares of company stock worth $2,043,872. Insiders own 1.70% of the company’s stock.
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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