Creative Planning reduced its holdings in shares of Entegris, Inc. (NASDAQ:ENTG – Free Report) by 14.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 5,059 shares of the semiconductor company’s stock after selling 879 shares during the period. Creative Planning’s holdings in Entegris were worth $561,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. FirstPurpose Wealth LLC bought a new stake in shares of Entegris during the 2nd quarter worth approximately $211,000. Sendero Wealth Management LLC lifted its stake in shares of Entegris by 3.6% during the 2nd quarter. Sendero Wealth Management LLC now owns 13,501 shares of the semiconductor company’s stock worth $1,496,000 after acquiring an additional 474 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Entegris by 58.1% during the 2nd quarter. Exchange Traded Concepts LLC now owns 351 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 129 shares during the last quarter. Caldwell Investment Management Ltd. bought a new stake in shares of Entegris during the 2nd quarter worth approximately $1,504,000. Finally, Integrated Investment Consultants LLC bought a new stake in shares of Entegris during the 2nd quarter worth approximately $350,000.
Insider Buying and Selling
In related news, SVP James Anthony O’neill sold 1,918 shares of the business’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $95.00, for a total transaction of $182,210.00. Following the transaction, the senior vice president now directly owns 13,670 shares in the company, valued at approximately $1,298,650. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.81% of the stock is owned by company insiders.
Entegris Trading Down 2.0 %
Entegris (NASDAQ:ENTG – Get Free Report) last announced its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.09. Entegris had a return on equity of 13.99% and a net margin of 2.48%. The business had revenue of $901.00 million for the quarter, compared to the consensus estimate of $886.80 million. During the same period last year, the business posted $1.00 EPS. The business’s revenue was up 30.1% compared to the same quarter last year. As a group, equities research analysts predict that Entegris, Inc. will post 2.6 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on ENTG shares. Needham & Company LLC reissued a “buy” rating and set a $120.00 price target on shares of Entegris in a research note on Friday, August 4th. Mizuho raised their price objective on Entegris from $98.00 to $113.00 and gave the stock a “buy” rating in a report on Friday, August 4th. KeyCorp reduced their price objective on Entegris from $116.00 to $113.00 and set an “overweight” rating on the stock in a report on Tuesday, October 3rd. StockNews.com assumed coverage on Entegris in a report on Thursday, October 5th. They set a “sell” rating on the stock. Finally, Craig Hallum downgraded Entegris from a “buy” rating to a “hold” rating in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $107.10.
Entegris Profile
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 four segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); The Advanced Planarization Solutions (APS); and Advanced Materials Handling (AMH).
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