Entegris, Inc. (NASDAQ:ENTG) Shares Purchased by First Eagle Investment Management LLC

First Eagle Investment Management LLC increased its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 35.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,512 shares of the semiconductor company’s stock after acquiring an additional 1,430 shares during the quarter. First Eagle Investment Management LLC’s holdings in Entegris were worth $746,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co grew its position in Entegris by 161.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 107,677 shares of the semiconductor company’s stock worth $15,135,000 after purchasing an additional 66,437 shares during the last quarter. BNP Paribas purchased a new position in Entegris during the 1st quarter worth $1,647,000. Virtu Financial LLC purchased a new position in Entegris during the 4th quarter worth $892,000. Stifel Financial Corp grew its position in Entegris by 6.5% during the 4th quarter. Stifel Financial Corp now owns 122,392 shares of the semiconductor company’s stock worth $14,665,000 after purchasing an additional 7,456 shares during the last quarter. Finally, Schroder Investment Management Group grew its position in Entegris by 14.8% during the 4th quarter. Schroder Investment Management Group now owns 487,517 shares of the semiconductor company’s stock worth $58,414,000 after purchasing an additional 62,761 shares during the last quarter.

Entegris Stock Down 4.1 %

ENTG stock opened at $110.64 on Friday. The company has a market cap of $16.68 billion, a P/E ratio of 53.19, a P/E/G ratio of 1.49 and a beta of 1.24. Entegris, Inc. has a 52 week low of $84.13 and a 52 week high of $147.57. The company’s 50-day moving average price is $115.07 and its 200 day moving average price is $127.65. 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 released its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. The firm had revenue of $812.60 million for the quarter, compared to the consensus estimate of $802.43 million. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The firm’s revenue was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.66 earnings per share. On average, research analysts expect that Entegris, Inc. will post 3.14 earnings per share for the current fiscal year.

Entegris Announces Dividend

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

Wall Street Analyst Weigh In

ENTG has been the topic of several research reports. Mizuho raised shares of Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price objective on the stock in a research report on Thursday, August 1st. Citigroup raised shares of Entegris from a “neutral” rating to a “buy” rating and lifted their target price for the company from $119.00 to $130.00 in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Entegris from $160.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. BMO Capital Markets lowered their target price 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. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 target price on shares of Entegris in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $146.40.

Insiders Place Their Bets

In other Entegris news, insider Daniel D. Woodland sold 15,000 shares of Entegris stock in a transaction dated 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 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 accessible through this hyperlink. In other Entegris news, CEO Bertrand Loy sold 27,044 shares of Entegris 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 in the company, valued at $36,995,252.84. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Daniel D. Woodland sold 15,000 shares of the business’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 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.

Entegris 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).