Healthcare of Ontario Pension Plan Trust Fund Invests $15.11 Million in Entegris, Inc. (NASDAQ:ENTG)

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Entegris, Inc. (NASDAQ:ENTG) in the third quarter, HoldingsChannel.com reports. The firm acquired 120,000 shares of the semiconductor company’s stock, valued at approximately $15,108,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ENTG. Neuberger Berman Group LLC raised its holdings in Entegris by 204.1% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,078,218 shares of the semiconductor company’s stock worth $255,068,000 after acquiring an additional 1,394,877 shares during the last quarter. Artisan Partners Limited Partnership purchased a new position in Entegris in the 2nd quarter worth approximately $134,377,000. BlackRock Inc. raised its holdings in Entegris by 5.2% in the 2nd quarter. BlackRock Inc. now owns 13,560,399 shares of the semiconductor company’s stock worth $1,667,520,000 after acquiring an additional 676,350 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in Entegris by 43.9% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,432,956 shares of the semiconductor company’s stock worth $180,411,000 after acquiring an additional 436,868 shares during the last quarter. Finally, 1832 Asset Management L.P. purchased a new position in Entegris in the 2nd quarter worth approximately $35,514,000. Institutional investors own 97.15% of the company’s stock.

In related news, COO Todd James Edlund sold 20,246 shares of the company’s stock in a transaction on Thursday, October 28th. The shares were sold at an average price of $137.79, for a total value of $2,789,696.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP James Anthony O’neill sold 1,500 shares of the company’s stock in a transaction on Monday, October 18th. The stock was sold at an average price of $129.27, for a total transaction of $193,905.00. The disclosure for this sale can be found here. Insiders sold a total of 37,633 shares of company stock valued at $5,298,258 in the last ninety days. 1.30% of the stock is currently owned by insiders.

A number of equities analysts recently weighed in on ENTG shares. Citigroup boosted their price objective on shares of Entegris from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, December 2nd. Wolfe Research boosted their target price on shares of Entegris from $163.00 to $183.00 and gave the company an “outperform” rating in a research note on Thursday, December 2nd. KeyCorp started coverage on shares of Entegris in a research note on Tuesday, December 14th. They set an “overweight” rating and a $183.00 target price for the company. Stifel Nicolaus boosted their target price on shares of Entegris from $151.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, December 1st. Finally, Craig Hallum boosted their target price on shares of Entegris from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, December 2nd. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $160.55.

Shares of ENTG stock opened at $133.62 on Friday. Entegris, Inc. has a 1 year low of $93.50 and a 1 year high of $158.00. The firm has a fifty day moving average price of $143.22 and a 200-day moving average price of $130.47. The company has a debt-to-equity ratio of 0.58, a current ratio of 4.12 and a quick ratio of 2.74. The company has a market cap of $18.11 billion, a price-to-earnings ratio of 48.41 and a beta of 1.11.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Tuesday, October 26th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.05. Entegris had a net margin of 17.31% and a return on equity of 29.31%. The firm had revenue of $579.49 million during the quarter, compared to the consensus estimate of $583.55 million. During the same quarter in the previous year, the firm posted $0.67 EPS. The company’s revenue for the quarter was up 20.5% compared to the same quarter last year. Equities research analysts expect that Entegris, Inc. will post 3.37 EPS for the current year.

Entegris Profile

Entegris, Inc engages in the development, manufacture, and supply of specialty materials for microelectronics industry. It operates through the following business segments: Specialty Chemicals and Engineered Materials (SCEM); Advanced Materials Handling (AMH); and Microcontamination Control (MC). The SCEM segment provides purity process chemistries, gases, and materials and delivery systems to support semiconductor and other advance manufacturing processes.

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Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

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