Arkadios Wealth Advisors Purchases 270 Shares of Entegris, Inc. (NASDAQ:ENTG)

Arkadios Wealth Advisors lifted its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 18.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,742 shares of the semiconductor company’s stock after purchasing an additional 270 shares during the quarter. Arkadios Wealth Advisors’ holdings in Entegris were worth $236,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Inspire Advisors LLC raised its holdings in Entegris by 1.3% during the 1st quarter. Inspire Advisors LLC now owns 5,785 shares of the semiconductor company’s stock worth $813,000 after buying an additional 77 shares during the period. Commerce Bank boosted its stake in Entegris by 0.6% in the 4th quarter. Commerce Bank now owns 13,725 shares of the semiconductor company’s stock worth $1,645,000 after purchasing an additional 86 shares during the period. Wedmont Private Capital increased its holdings in Entegris by 5.9% during the 2nd quarter. Wedmont Private Capital now owns 1,609 shares of the semiconductor company’s stock worth $232,000 after purchasing an additional 90 shares in the last quarter. Manchester Capital Management LLC increased its holdings in Entegris by 19.1% during the 4th quarter. Manchester Capital Management LLC now owns 599 shares of the semiconductor company’s stock worth $72,000 after purchasing an additional 96 shares in the last quarter. Finally, Everpar Advisors LLC raised its stake in shares of Entegris by 6.5% in the 2nd quarter. Everpar Advisors LLC now owns 1,656 shares of the semiconductor company’s stock valued at $224,000 after purchasing an additional 101 shares during the period.

Insider Activity at Entegris

In other Entegris 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 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 Securities & Exchange Commission, which is available at this hyperlink. In related 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 $36,995,252.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 completion of the sale, the insider now owns 37,457 shares of the company’s stock, valued at approximately $5,243,980. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 57,044 shares of company stock worth $8,078,198. Insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

ENTG has been the subject of a number of recent research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 price target on shares of Entegris in a research report on Thursday, August 1st. BMO Capital Markets reduced their target price on shares of Entegris from $160.00 to $145.00 and set an “outperform” 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 price target on the stock in a research note on Thursday, August 1st. Finally, 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $146.80.

Entegris Price Performance

Shares of NASDAQ ENTG opened at $115.87 on Friday. The company has a quick ratio of 2.02, a current ratio of 3.58 and a debt-to-equity ratio of 1.18. The business’s 50 day moving average price is $123.47 and its two-hundred day moving average price is $130.25. The company has a market cap of $17.47 billion, a PE ratio of 55.71, a price-to-earnings-growth ratio of 1.27 and a beta of 1.25. Entegris, Inc. has a twelve month low of $84.13 and a twelve month high of $147.57.

Entegris (NASDAQ:ENTG) last posted its earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share 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 business had revenue of $812.60 million for the quarter, compared to analyst estimates of $802.43 million. During the same period in the previous year, the firm earned $0.66 EPS. The firm’s revenue was down 9.8% compared to the same quarter last year. On average, analysts predict that Entegris, Inc. will post 3.22 EPS for the current year.

Entegris Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Investors 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 0.35%. The ex-dividend date was Wednesday, July 31st. Entegris’s payout ratio is 19.23%.

Entegris Company Profile

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).