Entegris, Inc. (NASDAQ:ENTG) Shares Acquired by Torray Investment Partners LLC

Torray Investment Partners LLC lifted its holdings in Entegris, Inc. (NASDAQ:ENTG) by 6.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,847 shares of the semiconductor company’s stock after acquiring an additional 947 shares during the quarter. Torray Investment Partners LLC’s holdings in Entegris were worth $2,010,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ENTG. Norges Bank purchased a new position in shares of Entegris during the 4th quarter valued at about $278,727,000. Price T Rowe Associates Inc. MD boosted its position in Entegris by 7.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,085,147 shares of the semiconductor company’s stock worth $1,838,988,000 after purchasing an additional 916,420 shares in the last quarter. Jackson Square Partners LLC acquired a new stake in shares of Entegris during the 4th quarter worth approximately $82,813,000. Assenagon Asset Management S.A. increased its holdings in shares of Entegris by 1,626.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 354,507 shares of the semiconductor company’s stock valued at $49,822,000 after purchasing an additional 333,973 shares in the last quarter. Finally, Swedbank AB lifted its stake in shares of Entegris by 520.3% in the 2nd quarter. Swedbank AB now owns 300,361 shares of the semiconductor company’s stock valued at $40,669,000 after purchasing an additional 251,938 shares during the period.

Insider Buying and Selling

In other Entegris news, insider Daniel D. Woodland sold 15,000 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $140.00, for a total value of $2,100,000.00. Following the transaction, the insider now owns 37,457 shares of the company’s stock, valued at $5,243,980. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Entegris news, insider Daniel D. Woodland sold 15,000 shares of the company’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $140.00, for a total transaction of $2,100,000.00. Following the transaction, the insider now directly owns 37,457 shares in the company, valued at $5,243,980. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Bertrand Loy sold 27,044 shares of Entegris stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $140.63, for a total value of $3,803,197.72. Following the completion of the sale, the chief executive officer now directly owns 263,068 shares of the company’s stock, valued at $36,995,252.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,044 shares of company stock valued at $8,078,198. 0.67% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Mizuho raised shares of Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 target price on the stock in a research note on Thursday, August 1st. BMO Capital Markets cut their price objective on Entegris from $160.00 to $145.00 and set an “outperform” rating for the company in a research note on Thursday, August 1st. Needham & Company LLC restated a “buy” rating and issued a $150.00 target price on shares of Entegris in a research report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Entegris from $160.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $146.80.

Entegris Trading Down 2.8 %

Shares of ENTG traded down $3.06 during mid-day trading on Friday, reaching $107.11. The stock had a trading volume of 3,653,570 shares, compared to its average volume of 1,581,972. Entegris, Inc. has a 52-week low of $84.13 and a 52-week high of $147.57. The firm has a market cap of $16.15 billion, a price-to-earnings ratio of 51.50, a P/E/G ratio of 1.56 and a beta of 1.25. The business’s fifty day moving average is $121.10 and its 200 day moving average is $129.42. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.14.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. The business had revenue of $812.60 million during the quarter, compared to the consensus estimate of $802.43 million. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The business’s revenue was down 9.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.66 EPS. On average, sell-side analysts predict that Entegris, Inc. will post 3.14 EPS for the current fiscal year.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, July 31st were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date was Wednesday, July 31st. Entegris’s dividend payout ratio is presently 19.23%.

Entegris Profile

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).