Parkside Financial Bank & Trust Boosts Stake in Entegris, Inc. (NASDAQ:ENTG)

Parkside Financial Bank & Trust raised its holdings in Entegris, Inc. (NASDAQ:ENTG) by 20.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,357 shares of the semiconductor company’s stock after purchasing an additional 229 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Entegris were worth $163,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Allworth Financial LP raised its position in Entegris by 7.3% in the fourth quarter. Allworth Financial LP now owns 1,463 shares of the semiconductor company’s stock valued at $175,000 after purchasing an additional 100 shares during the period. Rehmann Capital Advisory Group raised its holdings in shares of Entegris by 4.3% in the 3rd quarter. Rehmann Capital Advisory Group now owns 2,615 shares of the semiconductor company’s stock valued at $246,000 after buying an additional 108 shares during the period. Caprock Group LLC raised its holdings in shares of Entegris by 4.0% in the 4th quarter. Caprock Group LLC now owns 3,032 shares of the semiconductor company’s stock valued at $363,000 after buying an additional 117 shares during the period. Keybank National Association OH raised its holdings in shares of Entegris by 1.8% in the 3rd quarter. Keybank National Association OH now owns 6,556 shares of the semiconductor company’s stock valued at $616,000 after buying an additional 119 shares during the period. Finally, CIBC Asset Management Inc raised its holdings in shares of Entegris by 2.3% in the 3rd quarter. CIBC Asset Management Inc now owns 5,274 shares of the semiconductor company’s stock valued at $495,000 after buying an additional 121 shares during the period.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ENTG. BMO Capital Markets boosted their price objective on Entegris from $130.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, February 16th. StockNews.com downgraded Entegris from a “hold” rating to a “sell” rating in a report on Thursday, February 22nd. Wolfe Research began coverage on Entegris in a report on Friday, March 1st. They issued an “outperform” rating and a $160.00 price objective on the stock. UBS Group boosted their price objective on Entegris from $90.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Finally, KeyCorp boosted their price objective on Entegris from $136.00 to $164.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $141.64.

Entegris Trading Up 1.3 %

ENTG opened at $127.84 on Thursday. Entegris, Inc. has a 12 month low of $69.37 and a 12 month high of $146.91. The stock has a market capitalization of $19.27 billion, a price-to-earnings ratio of 107.43 and a beta of 1.32. The company has a debt-to-equity ratio of 1.35, a current ratio of 3.85 and a quick ratio of 2.67. The business has a fifty day moving average price of $135.98 and a 200 day moving average price of $117.81.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.06. The business had revenue of $812.30 million during the quarter, compared to analysts’ expectations of $780.95 million. Entegris had a return on equity of 12.00% and a net margin of 5.13%. The business’s quarterly revenue was down 14.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.83 EPS. Sell-side analysts expect that Entegris, Inc. will post 3.27 earnings per share for the current fiscal year.

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. Entegris’s dividend payout ratio is currently 33.61%.

Insider Transactions at Entegris

In other news, SVP Susan G. Rice sold 17,518 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $135.86, for a total transaction of $2,379,995.48. Following the completion of the transaction, the senior vice president now directly owns 42,931 shares of the company’s stock, valued at approximately $5,832,605.66. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, SVP Susan G. Rice sold 17,518 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $135.86, for a total value of $2,379,995.48. Following the completion of the sale, the senior vice president now directly owns 42,931 shares of the company’s stock, valued at approximately $5,832,605.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Daniel D. Woodland sold 9,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $139.50, for a total value of $1,255,500.00. Following the completion of the sale, the insider now directly owns 32,730 shares of the company’s stock, valued at $4,565,835. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,082 shares of company stock valued at $5,606,849. 0.67% of the stock is currently owned by corporate insiders.

About Entegris

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).