Earnest Partners LLC lowered its position in Entegris Inc (NASDAQ:ENTG) by 0.9% in the second quarter, HoldingsChannel reports. The firm owned 3,073,568 shares of the semiconductor company’s stock after selling 29,159 shares during the period. Entegris makes up about 1.0% of Earnest Partners LLC’s portfolio, making the stock its 22nd biggest holding. Earnest Partners LLC’s holdings in Entegris were worth $114,706,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Icon Wealth Partners LLC purchased a new stake in shares of Entegris in the first quarter valued at about $27,000. Parallel Advisors LLC purchased a new stake in shares of Entegris in the first quarter valued at about $34,000. Water Island Capital LLC purchased a new stake in shares of Entegris in the first quarter valued at about $36,000. SRS Capital Advisors Inc. purchased a new stake in shares of Entegris in the second quarter valued at about $43,000. Finally, Rehmann Capital Advisory Group grew its holdings in shares of Entegris by 21.3% in the first quarter. Rehmann Capital Advisory Group now owns 1,836 shares of the semiconductor company’s stock valued at $66,000 after purchasing an additional 322 shares during the period.
ENTG has been the subject of a number of analyst reports. Goldman Sachs Group raised shares of Entegris from a “neutral” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Monday, June 10th. CL King initiated coverage on shares of Entegris in a report on Thursday, June 20th. They issued a “buy” rating and a $44.00 price objective for the company. ValuEngine raised shares of Entegris from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. Zacks Investment Research cut shares of Entegris from a “hold” rating to a “sell” rating in a research report on Tuesday, June 25th. Finally, Citigroup set a $45.00 target price on shares of Entegris and gave the company a “hold” rating in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Entegris currently has an average rating of “Buy” and an average price target of $44.50.
In other news, SVP William James Shaner sold 24,294 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $44.33, for a total transaction of $1,076,953.02. Following the sale, the senior vice president now owns 25,536 shares of the company’s stock, valued at $1,132,010.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gregory B. Graves sold 25,974 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $45.00, for a total transaction of $1,168,830.00. Following the sale, the chief financial officer now directly owns 74,521 shares in the company, valued at approximately $3,353,445. The disclosure for this sale can be found here. Insiders sold 72,812 shares of company stock worth $3,242,453 in the last ninety days. 1.50% of the stock is currently owned by corporate insiders.
NASDAQ ENTG opened at $46.86 on Friday. The firm’s 50-day moving average is $42.62 and its two-hundred day moving average is $38.53. Entegris Inc has a 12 month low of $23.39 and a 12 month high of $46.75. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.87 and a quick ratio of 3.66. The stock has a market capitalization of $6.05 billion, a P/E ratio of 24.79 and a beta of 1.37.
Entegris (NASDAQ:ENTG) last posted its earnings results on Thursday, July 25th. The semiconductor company reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.04). Entegris had a net margin of 18.18% and a return on equity of 24.13%. The company had revenue of $378.90 million during the quarter, compared to analyst estimates of $382.02 million. During the same period in the previous year, the company earned $0.49 EPS. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. As a group, analysts anticipate that Entegris Inc will post 1.91 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, July 31st were given a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, July 30th. This represents a $0.32 dividend on an annualized basis and a yield of 0.68%. This is a boost from Entegris’s previous quarterly dividend of $0.07. Entegris’s dividend payout ratio is presently 16.93%.
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).
Further Reading: Initial Coin Offering (ICO)
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