Entegris, Inc. $ENTG Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its position in Entegris, Inc. (NASDAQ:ENTG) by 13.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 942,533 shares of the semiconductor company’s stock after acquiring an additional 108,927 shares during the period. Envestnet Asset Management Inc.’s holdings in Entegris were worth $87,147,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of ENTG. DAVENPORT & Co LLC raised its holdings in Entegris by 1.3% in the 2nd quarter. DAVENPORT & Co LLC now owns 8,450 shares of the semiconductor company’s stock valued at $681,000 after buying an additional 110 shares during the period. KLP Kapitalforvaltning AS raised its stake in shares of Entegris by 2.1% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 48,500 shares of the semiconductor company’s stock valued at $3,912,000 after acquiring an additional 1,000 shares during the period. Callan Family Office LLC lifted its holdings in shares of Entegris by 212.4% in the 2nd quarter. Callan Family Office LLC now owns 8,557 shares of the semiconductor company’s stock worth $690,000 after acquiring an additional 5,818 shares during the last quarter. Louisbourg Investments Inc. raised its position in Entegris by 10.1% in the second quarter. Louisbourg Investments Inc. now owns 34,825 shares of the semiconductor company’s stock valued at $2,809,000 after purchasing an additional 3,185 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in Entegris by 16.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 303,760 shares of the semiconductor company’s stock worth $25,012,000 after purchasing an additional 43,294 shares in the last quarter.

Insiders Place Their Bets

In other news, insider Bertrand Loy sold 65,250 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $119.61, for a total transaction of $7,804,552.50. Following the sale, the insider owned 306,422 shares of the company’s stock, valued at approximately $36,651,135.42. This trade represents a 17.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Olivier Blachier sold 488 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $77.43, for a total value of $37,785.84. Following the sale, the senior vice president owned 14,124 shares of the company’s stock, valued at approximately $1,093,621.32. The trade was a 3.34% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 131,146 shares of company stock worth $13,154,343. Insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ENTG shares. Citigroup boosted their price objective on Entegris from $100.00 to $145.00 and gave the company a “buy” rating in a report on Monday, January 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Entegris in a research note on Monday, December 29th. The Goldman Sachs Group cut shares of Entegris from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $88.00 to $75.00 in a report on Monday, December 15th. Needham & Company LLC reiterated a “strong-buy” rating on shares of Entegris in a report on Tuesday, January 20th. Finally, Zacks Research upgraded shares of Entegris from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 30th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $117.00.

Entegris Stock Performance

Shares of ENTG stock opened at $122.37 on Friday. The company has a market cap of $18.55 billion, a P/E ratio of 64.75 and a beta of 1.33. The firm has a fifty day moving average price of $99.35 and a 200 day moving average price of $90.23. The company has a current ratio of 3.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.99. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $124.00.

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 18th. Stockholders of record on Wednesday, January 28th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, January 28th. Entegris’s dividend payout ratio is currently 21.16%.

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.