Entegris, Inc. (NASDAQ:ENTG) Shares Sold by Diversify Advisory Services LLC

Diversify Advisory Services LLC cut its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 42.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,623 shares of the semiconductor company’s stock after selling 1,945 shares during the quarter. Diversify Advisory Services LLC’s holdings in Entegris were worth $368,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Gateway Investment Advisers LLC increased its holdings in Entegris by 17.0% during the 2nd quarter. Gateway Investment Advisers LLC now owns 18,449 shares of the semiconductor company’s stock worth $2,498,000 after purchasing an additional 2,675 shares during the last quarter. SG Americas Securities LLC increased its holdings in Entegris by 124.6% during the 2nd quarter. SG Americas Securities LLC now owns 14,563 shares of the semiconductor company’s stock worth $1,972,000 after purchasing an additional 8,079 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in Entegris during the 2nd quarter worth approximately $31,000. Sendero Wealth Management LLC increased its holdings in Entegris by 0.7% during the 2nd quarter. Sendero Wealth Management LLC now owns 17,519 shares of the semiconductor company’s stock worth $2,372,000 after purchasing an additional 122 shares during the last quarter. Finally, QRG Capital Management Inc. increased its holdings in Entegris by 15.7% during the 2nd quarter. QRG Capital Management Inc. now owns 8,203 shares of the semiconductor company’s stock worth $1,111,000 after purchasing an additional 1,115 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Needham & Company LLC reiterated a “buy” rating and issued a $150.00 price target on shares of Entegris in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft lowered 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 Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price target for the company in a report on Thursday, August 1st. Finally, BMO Capital Markets lowered their price target on Entegris from $160.00 to $145.00 and set an “outperform” rating for the company in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Entegris has a consensus rating of “Moderate Buy” and a consensus price target of $146.80.

Insider Activity

In other news, SVP Olivier Blachier sold 1,986 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $133.84, for a total transaction of $265,806.24. Following the completion of the sale, the senior vice president now directly owns 12,356 shares of the company’s stock, valued at $1,653,727.04. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, SVP Olivier Blachier sold 1,986 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $133.84, for a total transaction of $265,806.24. Following the transaction, the senior vice president now directly owns 12,356 shares of the company’s stock, valued at $1,653,727.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP James Anthony O’neill sold 6,761 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $133.50, for a total value of $902,593.50. Following the transaction, the senior vice president now directly owns 13,652 shares in the company, valued at $1,822,542. The disclosure for this sale can be found here. Insiders sold a total of 70,796 shares of company stock valued at $9,870,921 over the last three months. Insiders own 0.67% of the company’s stock.

Entegris Price Performance

Shares of Entegris stock traded down $2.56 during trading on Friday, hitting $103.93. The stock had a trading volume of 1,289,076 shares, compared to its average volume of 1,557,041. Entegris, Inc. has a fifty-two week low of $84.13 and a fifty-two week high of $147.57. The firm has a market cap of $15.67 billion, a P/E ratio of 49.97, a PEG ratio of 1.27 and a beta of 1.25. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.02. The business has a fifty day moving average of $129.66 and a two-hundred day moving average of $131.23.

Entegris (NASDAQ:ENTG) last announced its 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. Entegris had a return on equity of 12.03% and a net margin of 5.61%. The business had revenue of $812.60 million during the quarter, compared to the consensus estimate of $802.43 million. During the same period in the prior year, the business posted $0.66 earnings per share. Entegris’s revenue was down 9.8% compared to the same quarter last year. On average, sell-side analysts expect that Entegris, Inc. will post 3.22 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Wednesday, July 31st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. The ex-dividend date is Wednesday, July 31st. Entegris’s dividend payout ratio is 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).