BlackRock Amends Entegris Stake, Maintains Significant Position
Ticker: ENTG · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1101302
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock still owns a big chunk of Entegris, signaling institutional confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, indicating its ownership of Entegris, Inc. common stock as of December 31, 2023. This amendment, the second for BlackRock regarding Entegris, Inc., shows BlackRock continues to be a significant institutional holder. This matters to investors because BlackRock's substantial stake signals confidence in Entegris's long-term prospects and can influence stock stability due to its passive investment strategy.
Why It Matters
BlackRock's continued large holding in Entegris, Inc. suggests institutional confidence, which can provide a floor for the stock price and attract other investors.
Risk Assessment
Risk Level: low — This filing indicates a stable, passive institutional ownership, which generally reduces volatility risk for the stock.
Analyst Insight
Investors should note BlackRock's continued presence as a major shareholder, which suggests long-term institutional confidence in Entegris, Inc. This could be a positive signal for stability, but doesn't imply immediate price catalysts.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Entegris, Inc. (company) — the issuer of the securities
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A amendment
Forward-Looking Statements
- BlackRock will maintain its significant passive stake in Entegris, Inc. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'Amendment No: 2' in the filing.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as stated under '(1)Names of reporting persons. BlackRock, Inc.' in the filing.
What is the name of the issuer whose securities are being reported?
The name of the issuer is Entegris, Inc., as specified under '(Name of Issuer) Entegris, Inc.' in the filing.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the securities is 29362U104, as listed under '(CUSIP Number) 29362U104' in the filing.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as stated under '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding ENTEGRIS INC (ENTG).