Ensign Peak Advisors Inc Lowers Stock Position in Entegris, Inc. (NASDAQ:ENTG)

Ensign Peak Advisors Inc cut its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 2.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 52,630 shares of the semiconductor company’s stock after selling 1,500 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Entegris were worth $7,126,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ENTG. Vanguard Group Inc. boosted its stake in shares of Entegris by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 14,666,653 shares of the semiconductor company’s stock worth $2,061,251,000 after buying an additional 112,638 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Entegris by 7.5% in the 1st 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 purchasing an additional 916,420 shares during the period. Earnest Partners LLC increased its position in shares of Entegris by 7.0% during the 1st quarter. Earnest Partners LLC now owns 1,847,065 shares of the semiconductor company’s stock valued at $259,587,000 after purchasing an additional 120,507 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Entegris by 20.2% during the 2nd quarter. American Century Companies Inc. now owns 1,523,824 shares of the semiconductor company’s stock worth $206,326,000 after purchasing an additional 256,186 shares during the period. Finally, Congress Asset Management Co. MA boosted its holdings in shares of Entegris by 1.1% in the 1st quarter. Congress Asset Management Co. MA now owns 1,177,732 shares of the semiconductor company’s stock worth $165,518,000 after buying an additional 12,386 shares during the last quarter.

Wall Street Analysts Forecast Growth

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

Entegris Trading Down 0.8 %

Shares of Entegris stock opened at $111.36 on Thursday. The company’s 50-day moving average price is $113.27 and its 200-day moving average price is $127.02. The company has a market cap of $16.81 billion, a price-to-earnings ratio of 53.54, a PEG ratio of 1.50 and a beta of 1.24. Entegris, Inc. has a 12-month low of $84.13 and a 12-month high of $147.57. 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 results on Wednesday, July 31st. The semiconductor company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.70 by $0.01. The firm had revenue of $812.60 million during 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 business’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same period last year, the firm earned $0.66 EPS. On average, equities 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 paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $0.40 dividend on an annualized basis and a yield of 0.36%. Entegris’s dividend payout ratio is currently 19.23%.

Insider Buying and Selling at Entegris

In related news, insider Daniel D. Woodland sold 15,000 shares of the company’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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Entegris news, CEO Bertrand Loy sold 27,044 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $140.63, for a total transaction of $3,803,197.72. Following the sale, the chief executive officer now owns 263,068 shares in the company, valued at $36,995,252.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel D. Woodland sold 15,000 shares of the company’s 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 transaction, 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. Insiders have sold a total of 57,044 shares of company stock valued at $8,078,198 in the last 90 days. Corporate insiders own 0.67% of the company’s stock.

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).