Entegris, Inc. (ENTG) Shares Sold by Quantbot Technologies LP
Quantbot Technologies LP reduced its position in Entegris, Inc. (NASDAQ:ENTG) by 65.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,852 shares of the semiconductor company’s stock after selling 11,039 shares during the period. Quantbot Technologies LP’s holdings in Entegris were worth $128,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ENTG. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of 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 purchasing an additional 533 shares in the last quarter. Seven Eight Capital LP acquired a new position in shares of Entegris in the 2nd quarter valued at about $149,000. FNY Partners Fund LP acquired a new position in shares of Entegris in the 1st quarter valued at about $154,000. Teacher Retirement System of Texas lifted its stake in shares of 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 purchasing an additional 53 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new position in shares of Entegris in the 1st quarter valued at about $264,000. 95.08% of the stock is currently owned by institutional investors and hedge funds.
Shares of Entegris, Inc. (ENTG) opened at 28.95 on Friday. The stock has a market capitalization of $4.10 billion, a P/E ratio of 34.42 and a beta of 1.52. Entegris, Inc. has a one year low of $14.73 and a one year high of $29.30. The company’s 50 day moving average price is $26.71 and its 200 day moving average price is $24.81.
Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.05. The company had revenue of $329.00 million during the quarter, compared to the consensus estimate of $324.51 million. Entegris had a return on equity of 17.04% and a net margin of 9.63%. The firm’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.28 EPS. On average, equities analysts expect that Entegris, Inc. will post $1.28 earnings per share for the current year.
ENTG has been the topic of several research analyst reports. BidaskClub lowered Entegris from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. Loop Capital initiated coverage on Entegris in a research note on Thursday, September 28th. They issued a “buy” rating and a $35.00 price objective on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $29.00 price objective on shares of Entegris in a research note on Tuesday, September 19th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $29.00 price objective (up from $28.00) on shares of Entegris in a research note on Sunday, July 30th. Finally, Dougherty & Co raised their target price on Entegris from $27.50 to $30.00 and gave the company a “buy” rating in a report on Friday, July 28th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. Entegris presently has an average rating of “Buy” and a consensus target price of $28.90.
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In related news, VP Corey Rucci sold 15,000 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $26.25, for a total transaction of $393,750.00. Following the completion of the sale, the vice president now owns 25,964 shares in the company, valued at approximately $681,555. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert Nicholas Burns sold 4,901 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $24.51, for a total value of $120,123.51. Following the sale, the director now owns 51,272 shares of the company’s stock, valued at approximately $1,256,676.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 85,764 shares of company stock valued at $2,223,894. 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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