Compass Wealth Management LLC purchased a new stake in Entegris, Inc. (NASDAQ:ENTG – Free Report) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 36,055 shares of the semiconductor company’s stock, valued at approximately $6,485,000. Entegris makes up about 1.2% of Compass Wealth Management LLC’s portfolio, making the stock its 27th largest holding.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Entegris during the fourth quarter worth about $29,000. Millstone Evans Group LLC lifted its stake in shares of Entegris by 191.3% in the first quarter. Millstone Evans Group LLC now owns 268 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 176 shares during the period. Johnson Financial Group Inc. boosted its holdings in Entegris by 147.5% in the fourth quarter. Johnson Financial Group Inc. now owns 396 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 236 shares during the last quarter. First Horizon Corp boosted its holdings in Entegris by 147.1% in the first quarter. First Horizon Corp now owns 299 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 178 shares during the last quarter. Finally, Elevated Capital Advisors LLC acquired a new stake in Entegris during the 1st quarter valued at approximately $44,000.
Entegris Trading Down 7.9%
Shares of ENTG stock opened at $150.26 on Wednesday. The company has a market cap of $22.91 billion, a P/E ratio of 75.51, a PEG ratio of 1.49 and a beta of 1.35. The stock has a 50 day simple moving average of $147.82 and a two-hundred day simple moving average of $136.70. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.85 and a current ratio of 3.05. Entegris, Inc. has a fifty-two week low of $67.97 and a fifty-two week high of $186.94.
Entegris Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Wednesday, July 29th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Wednesday, July 29th. Entegris’s payout ratio is presently 20.10%.
Analyst Ratings Changes
Several research analysts have issued reports on ENTG shares. Needham & Company LLC raised their price target on shares of Entegris from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft raised shares of Entegris from a “hold” rating to a “buy” rating and upped their price objective for the company from $152.00 to $200.00 in a research note on Wednesday, August 12th. Mizuho lifted their target price on shares of Entegris from $180.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Wall Street Zen downgraded shares of Entegris from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Oppenheimer restated an “outperform” rating and issued a $160.00 target price on shares of Entegris in a report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Entegris currently has an average rating of “Buy” and an average price target of $170.89.
View Our Latest Stock Analysis on Entegris
Insider Activity at Entegris
In other Entegris news, SVP Clinton M. Haris sold 6,848 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $149.23, for a total value of $1,021,927.04. Following the completion of the sale, the senior vice president directly owned 54,961 shares in the company, valued at approximately $8,201,830.03. This trade represents a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Joseph Colella sold 3,916 shares of Entegris stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $164.48, for a total transaction of $644,103.68. Following the completion of the sale, the senior vice president directly owned 50,297 shares of the company’s stock, valued at approximately $8,272,850.56. This trade represents a 7.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 18,395 shares of company stock worth $2,808,134 over the last ninety days. 0.53% 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.
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