Entegris, Inc. $ENTG Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its holdings in Entegris, Inc. (NASDAQ:ENTG) by 3.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 69,688 shares of the semiconductor company’s stock after selling 2,438 shares during the period. Amalgamated Bank’s holdings in Entegris were worth $5,620,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Alpine Bank Wealth Management lifted its stake in shares of Entegris by 73.7% in the 2nd quarter. Alpine Bank Wealth Management now owns 311 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 132 shares in the last quarter. Costello Asset Management INC acquired a new position in shares of Entegris in the 1st quarter valued at about $26,000. Rise Advisors LLC acquired a new position in shares of Entegris in the 1st quarter valued at about $26,000. Summit Securities Group LLC acquired a new position in shares of Entegris in the 1st quarter valued at about $36,000. Finally, SVB Wealth LLC acquired a new position in shares of Entegris in the 1st quarter valued at about $43,000.

Insider Buying and Selling at Entegris

In other news, SVP Susan G. Rice sold 8,858 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $79.84, for a total value of $707,222.72. Following the completion of the sale, the senior vice president directly owned 56,912 shares in the company, valued at approximately $4,543,854.08. The trade was a 13.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.67% of the company’s stock.

Entegris Stock Performance

Entegris stock opened at $91.57 on Friday. The stock’s 50 day moving average price is $89.88 and its 200 day moving average price is $83.02. The firm has a market capitalization of $13.88 billion, a PE ratio of 47.20 and a beta of 1.38. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.95 and a current ratio of 3.30. Entegris, Inc. has a one year low of $60.75 and a one year high of $112.36.

Entegris (NASDAQ:ENTG) last announced its earnings results on Wednesday, July 6th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter. Entegris had a return on equity of 12.05% and a net margin of 9.17%.The company had revenue of $512.84 million for the quarter. As a group, sell-side analysts expect that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 19th. Stockholders of record on Wednesday, October 29th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, October 29th. Entegris’s payout ratio is 20.62%.

Analyst Ratings Changes

Several research firms have recently weighed in on ENTG. Zacks Research raised Entegris from a “strong sell” rating to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Entegris in a research note on Wednesday, October 8th. Wall Street Zen raised Entegris from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. Oppenheimer initiated coverage on Entegris in a research note on Thursday, September 4th. They issued a “market perform” rating and a $95.00 price objective on the stock. Finally, Mizuho boosted their price target on Entegris from $100.00 to $108.00 and gave the stock an “outperform” rating in a research report on Friday, October 3rd. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Entegris presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.30.

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).