Entegris, Inc. (NASDAQ:ENTG) Shares Sold by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC lessened its stake in Entegris, Inc. (NASDAQ:ENTG) by 3.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,487 shares of the semiconductor company’s stock after selling 1,577 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Entegris were worth $6,159,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ENTG. Innealta Capital LLC acquired a new position in shares of Entegris during the second quarter worth $26,000. Summit Securities Group LLC acquired a new position in Entegris in the 2nd quarter worth $27,000. Trust Co. of Vermont acquired a new stake in shares of Entegris in the 4th quarter valued at about $31,000. Opal Wealth Advisors LLC bought a new position in shares of Entegris during the second quarter worth about $31,000. Finally, ORG Partners LLC acquired a new position in Entegris in the first quarter worth about $33,000.

Analyst Ratings Changes

A number of research analysts have commented on ENTG shares. Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 target price on shares of Entegris in a report on Thursday, August 1st. Mizuho raised 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. Deutsche Bank Aktiengesellschaft dropped 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. Finally, BMO Capital Markets decreased their price target 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $146.80.

Entegris Price Performance

NASDAQ ENTG opened at $105.00 on Tuesday. The company has a 50-day moving average price of $120.53 and a two-hundred day moving average price of $129.13. Entegris, Inc. has a 52 week low of $84.13 and a 52 week high of $147.57. The stock has a market cap of $15.85 billion, a price-to-earnings ratio of 50.48, a price-to-earnings-growth ratio of 1.44 and a beta of 1.24. 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 issued 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. 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 analyst estimates of $802.43 million. During the same period in the prior year, the company posted $0.66 EPS. The business’s revenue for the quarter was down 9.8% compared to the same quarter last year. Analysts forecast that Entegris, Inc. will post 3.14 EPS for the current year.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, July 31st were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend was Wednesday, July 31st. Entegris’s dividend payout ratio (DPR) is 19.23%.

Insider Activity at Entegris

In other 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 completion of the sale, the insider now directly owns 37,457 shares of the company’s stock, valued at approximately $5,243,980. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Daniel D. Woodland sold 15,000 shares of Entegris stock in a transaction on 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 transaction, the insider now directly owns 37,457 shares in the company, valued at approximately $5,243,980. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Bertrand Loy sold 27,044 shares of the company’s stock in a transaction on 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 completion of the sale, the chief executive officer now owns 263,068 shares of the company’s stock, valued at approximately $36,995,252.84. The disclosure for this sale can be found here. Insiders have sold a total of 57,044 shares of company stock worth $8,078,198 over the last ninety days. 0.67% of the stock is currently owned by corporate insiders.

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).