Hood River Capital Management LLC Sells 694 Shares of Entegris, Inc. (NASDAQ:ENTG)

Hood River Capital Management LLC lowered its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 1.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 50,822 shares of the semiconductor company’s stock after selling 694 shares during the quarter. Hood River Capital Management LLC’s holdings in Entegris were worth $6,881,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ENTG. Price T Rowe Associates Inc. MD boosted its stake in Entegris by 7.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,085,147 shares of the semiconductor company’s stock valued at $1,838,988,000 after acquiring an additional 916,420 shares during the last quarter. American Century Companies Inc. lifted its stake in Entegris by 20.2% in the second quarter. American Century Companies Inc. now owns 1,523,824 shares of the semiconductor company’s stock valued at $206,326,000 after purchasing an additional 256,186 shares during the last quarter. Swedbank AB grew its holdings in Entegris by 520.3% during the second quarter. Swedbank AB now owns 300,361 shares of the semiconductor company’s stock valued at $40,669,000 after purchasing an additional 251,938 shares during the period. Norden Group LLC grew its holdings in Entegris by 2,200.1% during the first quarter. Norden Group LLC now owns 224,260 shares of the semiconductor company’s stock valued at $31,518,000 after purchasing an additional 214,510 shares during the period. Finally, Balyasny Asset Management L.P. raised its stake in shares of Entegris by 99.0% in the fourth quarter. Balyasny Asset Management L.P. now owns 349,368 shares of the semiconductor company’s stock valued at $41,861,000 after buying an additional 173,769 shares during the period.

Insider Buying and Selling

In other Entegris news, insider Daniel D. Woodland sold 15,000 shares of Entegris stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $140.00, for a total transaction of $2,100,000.00. Following the completion of the sale, the insider now directly owns 37,457 shares in the company, valued at $5,243,980. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Bertrand Loy sold 27,044 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $140.63, for a total value of $3,803,197.72. Following the completion of the transaction, the chief executive officer now directly owns 263,068 shares in the company, valued at approximately $36,995,252.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel D. Woodland sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $140.00, for a total value of $2,100,000.00. Following the transaction, the insider now directly owns 37,457 shares in the company, valued at $5,243,980. The disclosure for this sale can be found here. Over the last three months, insiders have sold 57,044 shares of company stock worth $8,078,198. Insiders own 0.67% of the company’s stock.

Entegris Stock Performance

NASDAQ ENTG opened at $111.58 on Tuesday. The company’s 50 day simple moving average is $114.40 and its two-hundred day simple moving average is $127.33. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.14. Entegris, Inc. has a 1 year low of $84.13 and a 1 year high of $147.57. The stock has a market capitalization of $16.83 billion, a PE ratio of 53.64, a P/E/G ratio of 1.49 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. Entegris had a return on equity of 12.03% and a net margin of 5.61%. The company had revenue of $812.60 million for the quarter, compared to the consensus estimate of $802.43 million. During the same quarter last year, the business posted $0.66 earnings per share. The firm’s revenue was down 9.8% compared to the same quarter last year. Analysts predict that Entegris, Inc. will post 3.14 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, July 31st were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend was Wednesday, July 31st. Entegris’s payout ratio is 19.23%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Mizuho upgraded Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price target for the company in a research note on Thursday, August 1st. Needham & Company LLC reissued a “buy” rating and issued a $150.00 price target on shares of Entegris in a research report on Thursday, August 1st. BMO Capital Markets dropped their price target on shares of Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Entegris from $160.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Finally, Citigroup upgraded Entegris from a “neutral” rating to a “buy” rating and increased their target price for the stock from $119.00 to $130.00 in a research report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Entegris currently has a consensus rating of “Moderate Buy” and a consensus target price of $146.40.

About Entegris

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).