London Co. of Virginia lowered its holdings in shares of Entegris, Inc. (NASDAQ:ENTG – Free Report) by 3.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,536,136 shares of the semiconductor company’s stock after selling 138,814 shares during the period. Entegris accounts for 1.8% of London Co. of Virginia’s investment portfolio, making the stock its 19th largest holding. London Co. of Virginia’s holdings in Entegris were worth $326,952,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of ENTG. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Entegris during the second quarter worth about $25,000. Ameriflex Group Inc. acquired a new position in Entegris in the 3rd quarter valued at about $25,000. ORG Wealth Partners LLC raised its stake in Entegris by 862.1% during the 3rd quarter. ORG Wealth Partners LLC now owns 279 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 250 shares during the last quarter. SBI Securities Co. Ltd. raised its stake in Entegris by 260.8% during the 3rd quarter. SBI Securities Co. Ltd. now owns 285 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 206 shares during the last quarter. Finally, Quent Capital LLC acquired a new stake in Entegris during the 3rd quarter worth approximately $34,000.
Entegris Price Performance
Shares of NASDAQ ENTG opened at $111.64 on Tuesday. The firm has a market capitalization of $16.97 billion, a P/E ratio of 72.49, a PEG ratio of 2.03 and a beta of 1.30. Entegris, Inc. has a one year low of $60.75 and a one year high of $142.50. The company’s fifty day moving average is $119.99 and its two-hundred day moving average is $98.67. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.04 and a current ratio of 3.35.
Entegris Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Wednesday, January 28th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date was Wednesday, January 28th. Entegris’s dividend payout ratio is presently 25.97%.
Wall Street Analyst Weigh In
Several research analysts have weighed in on ENTG shares. Needham & Company LLC reiterated a “strong-buy” rating on shares of Entegris in a research note on Tuesday, January 20th. Citigroup upped their price target on Entegris from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft downgraded Entegris from a “buy” rating to a “hold” rating and set a $105.00 price target for the company. in a report on Tuesday, February 3rd. Mizuho set a $150.00 price objective on shares of Entegris in a research note on Wednesday, February 11th. Finally, The Goldman Sachs Group upped their price objective on shares of Entegris from $75.00 to $95.00 and gave the stock a “sell” rating in a research report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Entegris has a consensus rating of “Moderate Buy” and an average target price of $133.78.
View Our Latest Research Report on Entegris
Insider Buying and Selling
In other Entegris news, insider Bertrand Loy sold 65,250 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $119.61, for a total value of $7,804,552.50. Following the completion of the transaction, the insider directly owned 306,422 shares of the company’s stock, valued at approximately $36,651,135.42. This trade represents a 17.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Daniel D. Woodland sold 30,474 shares of Entegris stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $130.65, for a total transaction of $3,981,428.10. Following the sale, the senior vice president owned 46,904 shares of the company’s stock, valued at approximately $6,128,007.60. The trade was a 39.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 226,074 shares of company stock valued at $29,640,758 in the last 90 days. 0.61% of the stock is owned by corporate insiders.
Entegris Company Profile
Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.
Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.
Featured Stories
- Five stocks we like better than Entegris
- The gold chart Wall Street is terrified of…
- Elon Musk already made me a “wealthy man”
- Silver paying 20% dividend. Plus 68% share gains
- Unlocked: Elon Musk’s Next Big IPO
- 1,500 Banks Just Handed the Fed Your Bank Account
Want to see what other hedge funds are holding ENTG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entegris, Inc. (NASDAQ:ENTG – Free Report).
Receive News & Ratings for Entegris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entegris and related companies with MarketBeat.com's FREE daily email newsletter.
