Economy

$340.25 Million in Sales Expected for Entegris, Inc. (ENTG) This Quarter

Over the last 90 days, insiders have sold 31,796 shares of company stock worth $909,907. BlackRock Fund Advisors now owns 3,678,102 shares of the semiconductor company's stock valued at $64,073,000 after buying an additional 255,929 shares during the last quarter. Pacad Investment Ltd. boosted its holdings in shares of Entegris by 0.7% in the 2nd quarter. 1st Global Advisors Inc. now owns 34,720 shares of the semiconductor company's stock valued at $762,000 after buying an additional 206 shares during the last quarter. Entegris, Inc. (NASDAQ:ENTG) has risen 78.11% since December 4, 2016 and is uptrending.

Speece Thorson Capital Group Inc decreased its stake in Progressive Corp Ohio (PGR) by 14.82% based on its latest 2017Q2 regulatory filing with the SEC. BlackRock Inc. now owns 35,851 shares of the semiconductor company's stock valued at $625,000 after buying an additional 6,058 shares during the last quarter. Entegris reported sales of $303.05 million in the same quarter last year, which indicates a positive year over year growth rate of 6.5%. Snyder Capital Management LP who had been investing in Entegris Inc for a number of months, seems to be less bullish one the $4.23 billion market cap company. Gargoyle Inv Advisor Ltd Liability Corporation has 1.11% invested in Eastman Chemical Company (NYSE:EMN). About 1.76M shares traded. It has outperformed by 32.09% the S&P500.

The firm's revenue was up 16.5% compared to the same quarter last year. equities analysts anticipate that Entegris, Inc. will post 1.37 earnings per share for the current fiscal year. (NASDAQ:ENTG) news was published by Zacks.com which published an article titled: "Why Entegris (ENTG) Stock Might be a Great Pick November 30, 2017" on November 30, 2017. Peak6 Lp holds 2,369 shares. It also reduced its holding in Stanley Black & Decker Inc (NYSE:SWK) by 88,050 shares in the quarter, leaving it with 30,875 shares, and cut its stake in Teradyne Inc (NYSE:TER). (NASDAQ:ENTG). Bnp Paribas Asset Mngmt Hldg Sa invested in 0.07% or 366,269 shares.

"TRADEMARK VIOLATION NOTICE: "$340.25 Million in Sales Expected for Entegris, Inc. (NASDAQ:ENTG) on Thursday, January 26 with "Buy" rating. On Thursday, October 26 the stock rating was maintained by KeyBanc Capital Markets with "Buy". (NASDAQ:ENTG) rating on Thursday, January 26. Needham initiated the shares of ENTG in report on Monday, November 21 with "Hold" rating. The firm has "Buy" rating given on Thursday, October 27 by Dougherty & Company. Needham & Company LLC reaffirmed a "buy" rating and issued a $29.00 price target on shares of Entegris in a report on Tuesday, September 19th. The company was maintained on Friday, October 27 by Loop Capital.

Investors of record on Wednesday, November 1st were paid a $0.07 dividend. Gmt Capital Corp sold 1.26M shares as Entegris Inc (ENTG)'s stock rose 6.38%.

Several large investors have recently bought and sold shares of ENTG.

On average, analysts expect that Entegris will report full year sales of $322.82 million for the current year, with estimates ranging from $1.27 billion to $1.29 billion. The Company's Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services and corresponding deposits. 1,800 are owned by Tower Rech Ltd Liability Co (Trc). Rgm Cap Limited stated it has 4.98% in Entegris, Inc. Pictet Asset Management holds 0.02% or 82,282 shares in its portfolio. Finally, Zacks Investment Research raised Entegris from a "sell" rating to a "hold" rating and set a $22.00 target price for the company in a report on Monday, February 6th. Citadel Advsr Lc holds 170,149 shares.

Shares of Entegris (ENTG) traded down $0.40 during trading hours on Friday, hitting $29.90. (NASDAQ:ENTG) for 191,245 shares. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.34 by $0.06. Wells Fargo And Com Mn reported 976,545 shares. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,324 shares of the semiconductor company's stock worth $117,000 after buying an additional 533 shares during the period. New York State Common Retirement Fund accumulated 355,897 shares.

Gmt Capital Corp, which manages about $9.19 billion and $4.66B US Long portfolio, upped its stake in 58 Com Inc (NYSE:WUBA) by 730,500 shares to 842,500 shares, valued at $37.91 million in 2017Q2, according to the filing. (NASDAQ:ENTG). Metropolitan Life Co Ny has 95,221 shares for 0.01% of their portfolio. (NASDAQ:ENTG). Engineers Gate Manager Lp accumulated 124,445 shares or 0.25% of the stock. "(PGR) PT Raised to $60 at MKM Partners; 'Momentum Continues ..." on November 16, 2017. During the same quarter in the previous year, the company posted $0.24 EPS. ENTG's profit will be $52.32 million for 20.20 P/E if the $0.37 EPS becomes a reality.

Among 18 analysts covering Progressive (NYSE:PGR), 7 have Buy rating, 3 Sell and 8 Hold. Therefore 56% are positive. Progressive had 49 analyst reports since August 6, 2015 according to SRatingsIntel. Goldman Sachs has "Buy" rating and $26 target. Needham maintained the stock with "Buy" rating in Monday, September 18 report. The correct version of this article can be viewed at https://weekherald.com/2017/12/02/340-25-million-in-sales-expected-for-entegris-inc-entg-this-quarter.html. Bernstein downgraded the shares of PGR in report on Tuesday, January 19 to "Market Perform" rating. The ex-dividend date of this dividend is Tuesday, October 31st.

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