Diversify Advisory Services LLC purchased a new position in shares of Entegris, Inc. (NASDAQ:ENTG – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 18,224 shares of the semiconductor company’s stock, valued at approximately $2,303,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Entegris in the 4th quarter valued at $29,000. Millstone Evans Group LLC raised its holdings in shares of Entegris by 191.3% during the first quarter. Millstone Evans Group LLC now owns 268 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 176 shares during the last quarter. Johnson Financial Group Inc. lifted its position in Entegris by 147.5% during the fourth quarter. Johnson Financial Group Inc. now owns 396 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 236 shares during the period. First Horizon Corp boosted its holdings in Entegris by 147.1% in the first quarter. First Horizon Corp now owns 299 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 178 shares during the last quarter. Finally, Elevated Capital Advisors LLC purchased a new stake in Entegris in the first quarter valued at $44,000.
Entegris Price Performance
NASDAQ:ENTG opened at $150.26 on Wednesday. The company has a quick ratio of 1.85, a current ratio of 3.05 and a debt-to-equity ratio of 0.83. Entegris, Inc. has a 52 week low of $67.97 and a 52 week high of $186.94. The stock’s 50-day moving average price is $147.82 and its 200-day moving average price is $136.70. The stock has a market capitalization of $22.91 billion, a PE ratio of 75.51, a price-to-earnings-growth ratio of 1.49 and a beta of 1.35.
Entegris Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Wednesday, July 29th will be paid 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, July 29th. Entegris’s dividend payout ratio is presently 20.10%.
Insider Activity
In related 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 value of $321,320.00. Following the sale, the insider owned 34,997 shares of the company’s stock, valued at approximately $5,622,618.02. This trade represents a 5.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Clinton M. Haris sold 6,848 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $149.23, for a total transaction of $1,021,927.04. Following the completion of the sale, the senior vice president directly owned 54,961 shares of the company’s stock, valued at approximately $8,201,830.03. The trade was a 11.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 18,395 shares of company stock worth $2,808,134. Insiders own 0.53% of the company’s stock.
Analyst Ratings Changes
ENTG has been the subject of a number of recent research reports. The Goldman Sachs Group upgraded Entegris from a “sell” rating to a “buy” rating in a research note on Wednesday, August 12th. Zacks Research raised Entegris from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Needham & Company LLC lifted their price target on Entegris from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Citigroup reissued a “buy” rating on shares of Entegris in a report on Thursday, April 30th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $160.00 price objective on shares of Entegris in a research note on Friday, May 1st. 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.com, the company currently has an average rating of “Buy” and a consensus target price of $170.89.
View Our Latest Stock Report on ENTG
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.
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