Teachers Retirement System of The State of Kentucky lifted its position in Entegris (NASDAQ:ENTG) by 15.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,617 shares of the semiconductor company’s stock after purchasing an additional 6,017 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Entegris were worth $1,389,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Wolverine Trading LLC grew its position in Entegris by 149.6% in the third quarter. Wolverine Trading LLC now owns 6,989 shares of the semiconductor company’s stock worth $202,000 after acquiring an additional 21,089 shares in the last quarter. CAPROCK Group Inc. purchased a new position in shares of Entegris during the fourth quarter valued at approximately $220,000. Barings LLC purchased a new position in shares of Entegris during the third quarter valued at approximately $225,000. Welch & Forbes LLC purchased a new position in shares of Entegris during the third quarter valued at approximately $236,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Entegris by 50.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,016 shares of the semiconductor company’s stock valued at $244,000 after buying an additional 2,692 shares during the period. 96.04% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have issued reports on the company. ValuEngine upgraded Entegris from a “hold” rating to a “buy” rating in a research report on Wednesday. Seaport Global Securities restated a “buy” rating and set a $40.00 target price on shares of Entegris in a research report on Wednesday, March 21st. Stifel Nicolaus boosted their target price on Entegris from $36.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, March 19th. Zacks Investment Research upgraded Entegris from a “sell” rating to a “hold” rating and set a $34.00 target price for the company in a research report on Thursday, February 8th. Finally, Dougherty & Co boosted their target price on Entegris from $36.00 to $37.50 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $37.27.
Shares of NASDAQ ENTG traded up $0.75 during trading hours on Thursday, reaching $36.80. The stock had a trading volume of 659,502 shares, compared to its average volume of 1,015,448. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.95 and a current ratio of 3.63. The firm has a market capitalization of $5,099.41, a price-to-earnings ratio of 25.56, a PEG ratio of 1.83 and a beta of 1.40. Entegris has a 52-week low of $21.77 and a 52-week high of $38.25.
Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. The company had revenue of $350.56 million during the quarter, compared to the consensus estimate of $340.68 million. Entegris had a net margin of 6.34% and a return on equity of 20.95%. analysts forecast that Entegris will post 1.75 earnings per share for the current year.
In related news, CEO Bertrand Loy sold 175,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $33.48, for a total value of $5,859,000.00. Following the completion of the transaction, the chief executive officer now owns 581,012 shares of the company’s stock, valued at $19,452,281.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Corey Rucci sold 5,732 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $36.43, for a total transaction of $208,816.76. The disclosure for this sale can be found here. Insiders sold 335,754 shares of company stock valued at $11,317,780 in the last three months. 1.20% of the stock is currently owned by insiders.
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Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM), Microcontamination Control (MC), and Advanced Materials Handling (AMH).
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