Amalgamated Bank Raises Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Amalgamated Bank lifted its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 20.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,176 shares of the semiconductor company’s stock after acquiring an additional 1,698 shares during the period. Amalgamated Bank’s holdings in Entegris were worth $1,378,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Innealta Capital LLC purchased a new position in Entegris during the 2nd quarter worth $26,000. Summit Securities Group LLC acquired a new position in Entegris in the 2nd quarter valued at about $27,000. Opal Wealth Advisors LLC purchased a new stake in Entegris during the 2nd quarter valued at approximately $31,000. ORG Partners LLC acquired a new stake in Entegris during the 1st quarter worth approximately $33,000. Finally, Trust Co. of Vermont purchased a new position in shares of Entegris in the 4th quarter valued at approximately $31,000.

Insiders Place Their Bets

In other news, insider Daniel D. Woodland sold 15,000 shares of the firm’s 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 transaction, the insider now directly owns 37,457 shares of the company’s stock, valued at approximately $5,243,980. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Entegris news, CEO Bertrand Loy sold 27,044 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $140.63, for a total value of $3,803,197.72. Following 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 legal filing with the SEC, which is available through the SEC website. Also, insider Daniel D. Woodland sold 15,000 shares of Entegris stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $140.00, for a total transaction of $2,100,000.00. Following the sale, the insider now owns 37,457 shares of the company’s stock, valued at $5,243,980. The disclosure for this sale can be found here. Over the last quarter, insiders sold 57,044 shares of company stock worth $8,078,198. Insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

ENTG has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft decreased their price target on Entegris from $160.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Mizuho upgraded shares of Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 target price for the company in a research note on Thursday, August 1st. Citigroup upgraded shares of Entegris from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $119.00 to $130.00 in a research note on Monday, September 16th. Needham & Company LLC restated a “buy” rating and issued a $150.00 price objective on shares of Entegris in a research report on Thursday, August 1st. Finally, BMO Capital Markets dropped their target price on Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $146.40.

Entegris Price Performance

ENTG stock opened at $116.61 on Friday. The firm has a 50 day moving average of $112.99 and a 200-day moving average of $126.95. The company has a market cap of $17.58 billion, a price-to-earnings ratio of 56.06, a PEG ratio of 1.50 and a beta of 1.24. The company has a current ratio of 3.58, a quick ratio of 2.14 and a debt-to-equity ratio of 1.18. Entegris, Inc. has a 12-month low of $84.13 and a 12-month high of $147.57.

Entegris (NASDAQ:ENTG) last posted its earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 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 period in the previous year, the business earned $0.66 earnings per share. Entegris’s quarterly revenue was down 9.8% compared to the same quarter last year. As a group, equities analysts expect that Entegris, Inc. will post 3.14 EPS for the current fiscal year.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, July 31st were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $0.40 annualized dividend and a yield of 0.34%. Entegris’s dividend payout ratio (DPR) is currently 19.23%.

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).