Choreo LLC Acquires New Position in Entegris, Inc. (NASDAQ:ENTG)

Choreo LLC bought a new position in Entegris, Inc. (NASDAQ:ENTG) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,423 shares of the semiconductor company’s stock, valued at approximately $323,000.

A number of other institutional investors have also recently made changes to their positions in ENTG. Innealta Capital LLC purchased a new position in Entegris in the 2nd quarter worth approximately $26,000. Summit Securities Group LLC purchased a new position in shares of Entegris in the second quarter worth $27,000. Trust Co. of Vermont bought a new position in shares of Entegris during the fourth quarter valued at $31,000. Opal Wealth Advisors LLC purchased a new stake in shares of Entegris during the second quarter valued at $31,000. Finally, ORG Partners LLC bought a new stake in Entegris in the 1st quarter worth about $33,000.

Insider Activity at Entegris

In other Entegris news, CEO Bertrand Loy sold 27,044 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $140.63, for a total transaction of $3,803,197.72. Following the completion of the sale, the chief executive officer now directly owns 263,068 shares of the company’s stock, valued at approximately $36,995,252.84. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Entegris news, CEO Bertrand Loy sold 27,044 shares of the stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $140.63, for a total transaction of $3,803,197.72. Following the completion of the transaction, the chief executive officer now owns 263,068 shares of the company’s stock, valued at approximately $36,995,252.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 value 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 57,044 shares of company stock valued at $8,078,198. 0.67% of the stock is owned by company insiders.

Entegris Trading Up 1.4 %

Entegris stock opened at $111.64 on Wednesday. Entegris, Inc. has a 12-month low of $84.13 and a 12-month high of $147.57. The firm has a market capitalization of $16.83 billion, a price-to-earnings ratio of 53.67, a P/E/G ratio of 1.49 and a beta of 1.24. The firm has a 50 day moving average of $117.50 and a 200 day moving average of $128.31. 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 (NASDAQ:ENTG) last announced 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. The firm had revenue of $812.60 million during the quarter, compared to analysts’ expectations of $802.43 million. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The company’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.66 earnings per share. As a group, research analysts predict that Entegris, Inc. will post 3.14 earnings per share for the current year.

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, July 31st were given 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 was Wednesday, July 31st. Entegris’s dividend payout ratio is currently 19.23%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. 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 report on Thursday, August 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 target price on shares of Entegris in a research report on Thursday, August 1st. Citigroup raised Entegris from a “neutral” rating to a “buy” rating and increased their price target for the company from $119.00 to $130.00 in a report on Monday. Mizuho raised Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price objective for the company in a report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Entegris from $160.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $146.40.

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).