Sanctuary Advisors LLC purchased a new stake in shares of Entegris, Inc. (NASDAQ:ENTG – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 11,132 shares of the semiconductor company’s stock, valued at approximately $2,002,000.
A number of other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Entegris in the 4th quarter worth about $158,669,000. Legal & General Group Plc lifted its holdings in shares of Entegris by 2.6% in the 4th quarter. Legal & General Group Plc now owns 494,491 shares of the semiconductor company’s stock worth $41,661,000 after buying an additional 12,348 shares during the period. BNP Paribas Financial Markets grew its holdings in Entegris by 122.0% during the 4th quarter. BNP Paribas Financial Markets now owns 455,882 shares of the semiconductor company’s stock worth $38,408,000 after acquiring an additional 250,574 shares in the last quarter. Natixis Advisors LLC increased its position in Entegris by 15.0% during the 4th quarter. Natixis Advisors LLC now owns 420,758 shares of the semiconductor company’s stock valued at $35,449,000 after purchasing an additional 54,973 shares during the period. Finally, Wilson Asset Management International PTY Ltd. bought a new stake in shares of Entegris in the 4th quarter valued at about $2,732,000.
Entegris Trading Up 2.6%
NASDAQ ENTG opened at $142.46 on Thursday. Entegris, Inc. has a 52 week low of $67.97 and a 52 week high of $186.94. The company has a 50 day moving average price of $146.94 and a 200 day moving average price of $137.79. The company has a quick ratio of 1.85, a current ratio of 3.05 and a debt-to-equity ratio of 0.83. The firm has a market cap of $21.73 billion, a PE ratio of 71.59, a price-to-earnings-growth ratio of 1.28 and a beta of 1.35.
Entegris Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Wednesday, July 29th were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, July 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. Entegris’s dividend payout ratio (DPR) is presently 20.10%.
Insiders Place Their Bets
In other Entegris news, SVP Joseph Colella sold 3,916 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $164.48, for a total value of $644,103.68. Following the completion of the sale, the senior vice president owned 50,297 shares of the company’s stock, valued at approximately $8,272,850.56. This trade represents a 7.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Olivier Blachier sold 2,000 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $160.66, for a total value of $321,320.00. Following the sale, the insider owned 34,997 shares in the company, valued at $5,622,618.02. The trade was a 5.41% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 11,547 shares of company stock valued at $1,786,207 in the last 90 days. Corporate insiders own 0.53% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on ENTG shares. Wall Street Zen downgraded shares of Entegris from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Entegris in a research note on Monday, August 3rd. Citigroup restated a “buy” rating on shares of Entegris in a report on Thursday, April 30th. The Goldman Sachs Group upgraded Entegris from a “sell” rating to a “buy” rating in a report on Wednesday, August 12th. Finally, BMO Capital Markets boosted their price target on Entegris from $153.00 to $167.00 and gave the stock an “outperform” rating in a research report on Monday, July 6th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Entegris presently has an average rating of “Buy” and an average price target of $170.89.
Get Our Latest Analysis on ENTG
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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