Duality Advisers LP bought a new position in Entegris Inc (NASDAQ:ENTG) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 48,485 shares of the semiconductor company’s stock, valued at approximately $2,863,000.

Several other large investors have also recently modified their holdings of the company. First Trust Advisors LP boosted its position in shares of Entegris by 270.9% during the first quarter. First Trust Advisors LP now owns 150,164 shares of the semiconductor company’s stock worth $5,359,000 after purchasing an additional 109,678 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in Entegris by 221.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,459 shares of the semiconductor company’s stock valued at $327,000 after purchasing an additional 4,451 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Entegris by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 1,504,961 shares of the semiconductor company’s stock worth $75,383,000 after acquiring an additional 51,720 shares in the last quarter. Norges Bank purchased a new stake in Entegris in the 4th quarter valued at $85,447,000. Finally, Nuveen Asset Management LLC grew its stake in shares of Entegris by 0.4% in the 4th quarter. Nuveen Asset Management LLC now owns 518,282 shares of the semiconductor company’s stock worth $25,961,000 after acquiring an additional 2,128 shares in the last quarter. 98.97% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ ENTG opened at $71.91 on Friday. The company has a market capitalization of $9.73 billion, a price-to-earnings ratio of 43.06 and a beta of 1.31. Entegris Inc has a 1-year low of $38.12 and a 1-year high of $73.00. The business has a 50-day moving average of $61.09 and a 200-day moving average of $55.15. The company has a debt-to-equity ratio of 0.96, a current ratio of 5.00 and a quick ratio of 3.60.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Thursday, July 23rd. The semiconductor company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.11. Entegris had a return on equity of 25.58% and a net margin of 13.51%. The company had revenue of $448.40 million during the quarter, compared to analysts’ expectations of $417.42 million. During the same period in the prior year, the business earned $0.39 earnings per share. Entegris’s revenue for the quarter was up 18.3% compared to the same quarter last year. Research analysts expect that Entegris Inc will post 2.38 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Wednesday, July 29th will be issued a dividend of $0.08 per share. The ex-dividend date is Tuesday, July 28th. This represents a $0.32 dividend on an annualized basis and a yield of 0.45%. Entegris’s payout ratio is 16.58%.

In other news, Director Paul L. H. Olson sold 1,000 shares of Entegris stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $58.39, for a total transaction of $58,390.00. Following the sale, the director now directly owns 37,740 shares of the company’s stock, valued at $2,203,638.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Corey Rucci sold 8,638 shares of Entegris stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $58.57, for a total transaction of $505,927.66. Following the sale, the senior vice president now owns 14,472 shares in the company, valued at $847,625.04. The disclosure for this sale can be found here. Insiders sold a total of 85,581 shares of company stock valued at $5,852,988 over the last quarter. 1.70% of the stock is currently owned by company insiders.

Several research analysts have recently commented on the company. Zacks Investment Research upgraded Entegris from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a report on Monday, July 27th. Deutsche Bank increased their price target on shares of Entegris from $58.00 to $65.00 in a report on Friday, July 24th. CL King raised their price objective on shares of Entegris from $63.00 to $66.00 in a report on Monday, July 13th. Citigroup lifted their target price on shares of Entegris from $58.00 to $68.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Finally, Craig Hallum lowered shares of Entegris from a “buy” rating to a “hold” rating and increased their price objective for the company from $58.00 to $66.00 in a research report on Friday, July 24th. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Entegris presently has an average rating of “Buy” and a consensus target price of $66.71.

Entegris Profile

Entegris, Inc develops, manufactures, and supplies micro contamination 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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Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

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