Entegris, Inc. (NASDAQ:ENTG) Shares Purchased by Norden Group LLC

Norden Group LLC boosted its holdings in Entegris, Inc. (NASDAQ:ENTG) by 5.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,759 shares of the semiconductor company’s stock after buying an additional 606 shares during the period. Norden Group LLC’s holdings in Entegris were worth $1,592,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Innealta Capital LLC purchased a new stake in shares of Entegris during the 2nd quarter valued at about $26,000. Summit Securities Group LLC purchased a new stake in shares of Entegris during the 2nd quarter valued at about $27,000. Trust Co. of Vermont purchased a new stake in shares of Entegris during the 4th quarter valued at about $31,000. Opal Wealth Advisors LLC purchased a new stake in shares of Entegris during the 2nd quarter valued at about $31,000. Finally, ORG Partners LLC purchased a new stake in shares of Entegris during the 1st quarter valued at about $33,000.

Analyst Ratings Changes

ENTG has been the topic of several analyst reports. Mizuho upgraded Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 target price on the stock in a report on Thursday, August 1st. Needham & Company LLC restated a “buy” rating and set a $150.00 price objective on shares of Entegris in a report on Thursday, August 1st. BMO Capital Markets dropped their price objective on Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Entegris from $160.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $146.80.

Insider Transactions at Entegris

In other news, CEO Bertrand Loy sold 27,044 shares of the business’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $140.63, for a total transaction of $3,803,197.72. Following the sale, the chief executive officer now directly owns 263,068 shares of the company’s stock, valued at $36,995,252.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Bertrand Loy sold 27,044 shares of the company’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $140.63, for a total transaction of $3,803,197.72. Following the transaction, the chief executive officer now directly owns 263,068 shares of the company’s stock, valued at $36,995,252.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel D. Woodland sold 15,000 shares of the company’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $145.00, for a total value of $2,175,000.00. Following the transaction, the insider now directly owns 37,457 shares in the company, valued at $5,431,265. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 57,044 shares of company stock valued at $8,078,198. Corporate insiders own 0.67% of the company’s stock.

Entegris Stock Performance

Shares of NASDAQ ENTG traded down $3.06 during 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 one year low of $84.13 and a one year high of $147.57. The stock has a market cap of $16.15 billion, a PE ratio of 51.50, a P/E/G ratio of 1.56 and a beta of 1.25. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.14 and a current ratio of 3.58. The firm’s 50 day moving average price is $121.10 and its two-hundred day moving average price is $129.42.

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. Entegris had a return on equity of 12.03% and a net margin of 5.61%. The company had revenue of $812.60 million during the quarter, compared to analyst estimates of $802.43 million. During the same quarter in the previous year, the firm posted $0.66 EPS. The firm’s quarterly revenue was down 9.8% on a year-over-year basis. On average, research analysts forecast that Entegris, Inc. will post 3.14 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, July 31st were paid a $0.10 dividend. 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 Company 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).