Entegris, Inc. (NASDAQ:ENTG) Shares Purchased by EFG Asset Management Americas Corp.

EFG Asset Management Americas Corp. boosted its holdings in Entegris, Inc. (NASDAQ:ENTG) by 183.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,888 shares of the semiconductor company’s stock after purchasing an additional 9,637 shares during the quarter. EFG Asset Management Americas Corp.’s holdings in Entegris were worth $2,016,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Narwhal Capital Management boosted its holdings in Entegris by 11.1% in the second quarter. Narwhal Capital Management now owns 53,634 shares of the semiconductor company’s stock valued at $7,262,000 after purchasing an additional 5,371 shares in the last quarter. Private Advisor Group LLC boosted its holdings in Entegris by 6.8% in the second quarter. Private Advisor Group LLC now owns 10,913 shares of the semiconductor company’s stock valued at $1,478,000 after purchasing an additional 692 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in Entegris by 6.1% in the second quarter. Parkside Financial Bank & Trust now owns 2,120 shares of the semiconductor company’s stock valued at $287,000 after purchasing an additional 121 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of Entegris by 0.3% in the second quarter. Arizona State Retirement System now owns 41,406 shares of the semiconductor company’s stock valued at $5,606,000 after acquiring an additional 105 shares during the period. Finally, National Bank of Canada FI boosted its holdings in shares of Entegris by 24.4% in the second quarter. National Bank of Canada FI now owns 704 shares of the semiconductor company’s stock valued at $94,000 after acquiring an additional 138 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ENTG shares. Mizuho raised 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. Needham & Company LLC reissued a “buy” rating and issued a $150.00 price objective on shares of Entegris in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft decreased their price objective on Entegris from $160.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Finally, BMO Capital Markets decreased their price objective on 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 issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Entegris has an average rating of “Moderate Buy” and an average price target of $146.80.

Insider Activity

In other news, insider Daniel D. Woodland sold 15,000 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $140.00, for a total value of $2,100,000.00. Following the completion of the transaction, the insider now owns 37,457 shares in the company, valued at $5,243,980. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Bertrand Loy sold 27,044 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $140.63, for a total value of $3,803,197.72. Following the completion of the transaction, the chief executive officer now owns 263,068 shares in the company, valued at $36,995,252.84. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Daniel D. Woodland sold 15,000 shares of Entegris stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $140.00, for a total value of $2,100,000.00. Following the sale, the insider now owns 37,457 shares of the company’s stock, valued at approximately $5,243,980. The disclosure for this sale can be found here. Insiders sold a total of 57,044 shares of company stock worth $8,078,198 over the last 90 days. 0.67% of the stock is currently owned by corporate insiders.

Entegris Stock Performance

Shares of NASDAQ ENTG traded down $3.06 during mid-day trading on Friday, hitting $107.11. 3,653,570 shares of the company were exchanged, compared to its average volume of 1,581,972. The company has a quick ratio of 2.14, a current ratio of 3.58 and a debt-to-equity ratio of 1.18. The stock has a 50 day simple moving average of $121.10 and a 200-day simple moving average of $129.42. Entegris, Inc. has a 1-year low of $84.13 and a 1-year high of $147.57. The firm has a market cap of $16.15 billion, a price-to-earnings ratio of 51.50, a price-to-earnings-growth ratio of 1.56 and a beta of 1.25.

Entegris (NASDAQ:ENTG) last released its earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 EPS for the quarter, beating 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 company had revenue of $812.60 million during the quarter, compared to the consensus estimate of $802.43 million. During the same quarter last year, the company earned $0.66 earnings per share. Entegris’s quarterly revenue was down 9.8% compared to the same quarter last year. On average, sell-side analysts forecast that Entegris, Inc. will post 3.14 EPS for the current fiscal year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, July 31st were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date of this dividend was Wednesday, July 31st. Entegris’s dividend payout ratio is currently 19.23%.

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).