Entegris, Inc. (ENTG) Holdings Reduced by First Quadrant L P CA
First Quadrant L P CA lowered its position in Entegris, Inc. (NASDAQ:ENTG) by 3.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 110,941 shares of the semiconductor company’s stock after selling 3,914 shares during the quarter. First Quadrant L P CA owned approximately 0.08% of Entegris worth $3,201,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in ENTG. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Entegris by 11.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,324 shares of the semiconductor company’s stock valued at $117,000 after acquiring an additional 533 shares during the last quarter. Seven Eight Capital LP acquired a new stake in Entegris in the second quarter valued at $149,000. Reliance Trust Co. of Delaware acquired a new stake in Entegris in the third quarter valued at $208,000. Balyasny Asset Management LLC acquired a new stake in Entegris in the second quarter valued at $243,000. Finally, Teacher Retirement System of Texas lifted its stake in Entegris by 0.5% in the second quarter. Teacher Retirement System of Texas now owns 11,271 shares of the semiconductor company’s stock valued at $247,000 after acquiring an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 95.35% of the company’s stock.
Entegris (NASDAQ:ENTG) last posted its earnings results on Thursday, October 26th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.06. Entegris had a net margin of 10.73% and a return on equity of 18.82%. The firm had revenue of $345.60 million during the quarter, compared to analyst estimates of $334.30 million. During the same quarter in the prior year, the business posted $0.24 EPS. The business’s revenue was up 16.5% compared to the same quarter last year.
The company also recently announced a special dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 1st will be paid a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. Entegris’s payout ratio is 7.22%.
In other news, VP Corey Rucci sold 15,000 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $26.25, for a total value 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul L. H. Olson sold 3,500 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $25.77, for a total transaction of $90,195.00. Following the completion of the sale, the director now owns 52,864 shares of the company’s stock, valued at approximately $1,362,305.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,651 shares of company stock valued at $708,491. Company insiders own 1.70% of the company’s stock.
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ENTG has been the subject of a number of recent 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 target for the company. Zacks Investment Research upgraded shares of Entegris from a “hold” rating to a “strong-buy” rating and set a $35.00 price target for the company in a research note on Thursday, October 19th. 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 target on shares of Entegris in a research note on Saturday, September 16th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $29.00 price target on shares of Entegris in a research note on Tuesday, September 19th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $32.10.
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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