Voya Investment Management LLC Decreases Stake in Entegris, Inc. $ENTG

Voya Investment Management LLC lessened its holdings in Entegris, Inc. (NASDAQ:ENTG) by 30.7% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,057 shares of the semiconductor company’s stock after selling 7,570 shares during the period. Voya Investment Management LLC’s holdings in Entegris were worth $1,577,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. DAVENPORT & Co LLC lifted its holdings in Entegris by 1.3% during the second quarter. DAVENPORT & Co LLC now owns 8,450 shares of the semiconductor company’s stock worth $681,000 after acquiring an additional 110 shares during the period. Alpine Bank Wealth Management grew its stake in Entegris by 73.7% in the 2nd quarter. Alpine Bank Wealth Management now owns 311 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 132 shares during the period. MAI Capital Management increased its position in shares of Entegris by 19.7% during the 1st quarter. MAI Capital Management now owns 864 shares of the semiconductor company’s stock valued at $76,000 after purchasing an additional 142 shares during the last quarter. First Hawaiian Bank increased its position in shares of Entegris by 0.9% during the 1st quarter. First Hawaiian Bank now owns 15,786 shares of the semiconductor company’s stock valued at $1,381,000 after purchasing an additional 143 shares during the last quarter. Finally, First National Advisers LLC raised its stake in shares of Entegris by 0.5% during the 2nd quarter. First National Advisers LLC now owns 28,895 shares of the semiconductor company’s stock worth $2,330,000 after purchasing an additional 154 shares during the period.

Insider Activity

In other Entegris news, SVP Joseph Colella sold 3,577 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $88.41, for a total value of $316,242.57. Following the sale, the senior vice president directly owned 34,364 shares in the company, valued at $3,038,121.24. This represents a 9.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James P. Lederer sold 2,008 shares of the firm’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $92.84, for a total transaction of $186,422.72. Following the completion of the transaction, the director directly owned 20,434 shares of the company’s stock, valued at approximately $1,897,092.56. The trade was a 8.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 63,643 shares of company stock valued at $4,966,433. Corporate insiders own 0.61% of the company’s stock.

Entegris Trading Down 0.4%

Shares of ENTG stock opened at $85.94 on Tuesday. The stock has a market capitalization of $13.03 billion, a price-to-earnings ratio of 45.47 and a beta of 1.32. The company’s fifty day simple moving average is $84.87 and its two-hundred day simple moving average is $85.28. Entegris, Inc. has a 1 year low of $60.75 and a 1 year high of $110.46. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.44 and a quick ratio of 2.13.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Wednesday, July 6th. The semiconductor company reported $0.70 earnings per share for the quarter. Entegris had a return on equity of 11.61% and a net margin of 8.95%.The company had revenue of $512.84 million during the quarter. As a group, analysts anticipate that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Wednesday, October 29th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, October 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. Entegris’s dividend payout ratio is currently 21.16%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Entegris in a research report on Monday, December 22nd. Oppenheimer assumed coverage on shares of Entegris in a research report on Thursday, September 4th. They set a “market perform” rating and a $95.00 target price for the company. The Goldman Sachs Group lowered shares of Entegris from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $88.00 to $75.00 in a research note on Monday, December 15th. Mizuho dropped their price objective on Entegris from $108.00 to $96.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Finally, Wall Street Zen raised Entegris from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Entegris presently has an average rating of “Hold” and an average target price of $94.43.

About Entegris

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.