Vise Technologies Inc. purchased a new position in shares of Entegris, Inc. (NASDAQ:ENTG – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 6,171 shares of the semiconductor company’s stock, valued at approximately $1,110,000.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Millstone Evans Group LLC raised its stake in shares of Entegris by 191.3% during the first quarter. Millstone Evans Group LLC now owns 268 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 176 shares in the last quarter. Johnson Financial Group Inc. grew its position in Entegris by 147.5% in the 4th quarter. Johnson Financial Group Inc. now owns 396 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 236 shares in the last quarter. First Horizon Corp grew its position in Entegris by 147.1% in the 1st quarter. First Horizon Corp now owns 299 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 178 shares in the last quarter. Elevated Capital Advisors LLC acquired a new position in Entegris during the 1st quarter valued at about $44,000. Finally, Los Angeles Capital Management LLC acquired a new position in Entegris during the 4th quarter valued at about $59,000.
Entegris Price Performance
Shares of NASDAQ ENTG opened at $143.66 on Friday. Entegris, Inc. has a twelve month low of $67.97 and a twelve month high of $186.94. The company has a current ratio of 3.05, a quick ratio of 1.85 and a debt-to-equity ratio of 0.83. The firm has a 50-day moving average of $147.98 and a two-hundred day moving average of $137.08. The company has a market capitalization of $21.91 billion, a price-to-earnings ratio of 72.19, a PEG ratio of 1.32 and a beta of 1.35.
Entegris Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Wednesday, July 29th were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, July 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. Entegris’s payout ratio is currently 20.10%.
Analyst Ratings Changes
A number of brokerages have recently weighed in on ENTG. Zacks Research raised shares of Entegris from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Entegris from a “hold” rating to a “buy” rating and raised their price objective for the company from $152.00 to $200.00 in a research note on Wednesday, August 12th. Citigroup restated a “buy” rating on shares of Entegris in a research report on Thursday, April 30th. BMO Capital Markets increased their price target on Entegris from $153.00 to $167.00 and gave the company an “outperform” rating in a research note on Monday, July 6th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $160.00 price target on shares of Entegris in a research note 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 issued a Hold rating to the stock. According to MarketBeat.com, Entegris presently has a consensus rating of “Buy” and a consensus target price of $170.89.
View Our Latest Report on Entegris
Insider Activity
In other news, SVP Susan G. Rice sold 2,062 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $149.52, for a total value of $308,310.24. Following the completion of the sale, the senior vice president directly owned 66,976 shares of the company’s stock, valued at $10,014,251.52. This represents a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Clinton M. Haris sold 6,848 shares of Entegris stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $149.23, for a total transaction of $1,021,927.04. Following the sale, the senior vice president directly owned 54,961 shares of the company’s stock, valued at $8,201,830.03. This trade represents a 11.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 18,395 shares of company stock valued at $2,808,134 in the last ninety days. Corporate insiders own 0.53% of the company’s stock.
Entegris 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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