Russell Investments Group Ltd. raised its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 59.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 150,591 shares of the semiconductor company's stock after purchasing an additional 56,423 shares during the period. Russell Investments Group Ltd. owned approximately 0.10% of Entegris worth $14,926,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fortitude Family Office LLC lifted its stake in shares of Entegris by 195.7% in the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company's stock valued at $41,000 after buying an additional 274 shares during the period. Promus Capital LLC acquired a new position in Entegris in the 4th quarter valued at approximately $71,000. Eagle Bay Advisors LLC lifted its position in shares of Entegris by 4,375.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 716 shares of the semiconductor company's stock worth $71,000 after acquiring an additional 700 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Entegris by 27.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company's stock worth $73,000 after purchasing an additional 158 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Entegris by 121.3% during the 4th quarter. Blue Trust Inc. now owns 768 shares of the semiconductor company's stock worth $76,000 after purchasing an additional 421 shares in the last quarter.
Insider Activity at Entegris
In other news, SVP Olivier Blachier sold 984 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $108.00, for a total transaction of $106,272.00. Following the sale, the senior vice president now owns 10,903 shares in the company, valued at approximately $1,177,524. This represents a 8.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Clinton M. Haris sold 12,652 shares of the firm's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $106.92, for a total value of $1,352,751.84. Following the completion of the sale, the senior vice president now owns 34,820 shares of the company's stock, valued at approximately $3,722,954.40. This trade represents a 26.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently commented on the company. Needham & Company LLC restated a "buy" rating and issued a $120.00 target price on shares of Entegris in a research note on Friday, February 7th. Mizuho dropped their price objective on shares of Entegris from $125.00 to $120.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. KeyCorp decreased their target price on shares of Entegris from $141.00 to $130.00 and set an "overweight" rating on the stock in a research report on Monday. Finally, StockNews.com cut shares of Entegris from a "hold" rating to a "sell" rating in a research note on Friday, April 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $123.50.
View Our Latest Analysis on ENTG
Entegris Price Performance
Shares of ENTG traded down $3.19 during trading hours on Wednesday, hitting $68.91. The stock had a trading volume of 565,244 shares, compared to its average volume of 2,266,962. The stock has a market capitalization of $10.43 billion, a price-to-earnings ratio of 35.83, a P/E/G ratio of 1.50 and a beta of 1.36. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. The company's fifty day moving average is $93.11 and its two-hundred day moving average is $100.53. Entegris, Inc. has a 52 week low of $60.75 and a 52 week high of $147.57.
Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 12.83%. On average, analysts anticipate that Entegris, Inc. will post 3.51 EPS for the current year.
About Entegris
(
Free Report)
Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).
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