M.D. Sass LLC acquired a new stake in shares of Entegris, Inc. (NASDAQ:ENTG – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 157,517 shares of the semiconductor company’s stock, valued at approximately $28,331,000. Entegris makes up 1.9% of M.D. Sass LLC’s holdings, making the stock its 21st biggest position. M.D. Sass LLC owned approximately 0.10% of Entegris as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in Entegris during the 4th quarter worth about $29,000. Millstone Evans Group LLC lifted its holdings in shares of Entegris by 191.3% during the 1st quarter. Millstone Evans Group LLC now owns 268 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 176 shares during the last quarter. Johnson Financial Group Inc. boosted its holdings in Entegris by 147.5% in the fourth quarter. Johnson Financial Group Inc. now owns 396 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 236 shares in the last quarter. First Horizon Corp grew its position in Entegris by 147.1% during the 1st quarter. First Horizon Corp now owns 299 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 178 shares during the last quarter. Finally, Elevated Capital Advisors LLC purchased a new stake in shares of Entegris during the first quarter valued at $44,000.
Entegris Trading Down 7.9%
Shares of Entegris stock opened at $150.26 on Wednesday. The firm has a market capitalization of $22.91 billion, a PE ratio of 75.51, a P/E/G ratio of 1.49 and a beta of 1.35. Entegris, Inc. has a twelve month low of $67.97 and a twelve month high of $186.94. The firm’s 50-day moving average price is $147.82 and its 200 day moving average price is $136.70. The company has a current ratio of 3.05, a quick ratio of 1.85 and a debt-to-equity ratio of 0.83.
Entegris Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Wednesday, July 29th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Wednesday, July 29th. Entegris’s dividend payout ratio is currently 20.10%.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the stock. BMO Capital Markets upped their price objective on shares of Entegris from $153.00 to $167.00 and gave the company an “outperform” rating in a report on Monday, July 6th. Zacks Research raised Entegris from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Needham & Company LLC upped their price objective on Entegris from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Mizuho raised their price objective on shares of Entegris from $180.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Finally, UBS Group boosted their target price on shares of Entegris from $205.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $170.89.
Get Our Latest Research Report on Entegris
Insider Buying and Selling
In other Entegris news, insider Olivier Blachier sold 2,000 shares of Entegris stock in a transaction on Friday, August 14th. The shares were sold at an average price of $160.66, for a total transaction of $321,320.00. Following the sale, the insider owned 34,997 shares of the company’s stock, valued at $5,622,618.02. The trade was a 5.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Susan G. Rice sold 2,062 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $149.52, for a total transaction of $308,310.24. Following the sale, the senior vice president directly owned 66,976 shares of the company’s stock, valued at $10,014,251.52. The trade was a 2.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 18,395 shares of company stock worth $2,808,134 in the last ninety days. Company insiders own 0.53% of the company’s stock.
Entegris Profile
Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.
Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.
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