US Bancorp DE Has $4.45 Million Stock Position in Entegris, Inc. $ENTG

US Bancorp DE reduced its position in Entegris, Inc. (NASDAQ:ENTG) by 19.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 55,215 shares of the semiconductor company’s stock after selling 13,157 shares during the quarter. US Bancorp DE’s holdings in Entegris were worth $4,453,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of ENTG. GAMMA Investing LLC increased its position in Entegris by 80.5% in the 1st quarter. GAMMA Investing LLC now owns 3,210 shares of the semiconductor company’s stock worth $281,000 after purchasing an additional 1,432 shares during the last quarter. SG Americas Securities LLC acquired a new position in Entegris in the 1st quarter worth about $805,000. QRG Capital Management Inc. increased its position in Entegris by 29.9% in the 1st quarter. QRG Capital Management Inc. now owns 10,867 shares of the semiconductor company’s stock worth $951,000 after purchasing an additional 2,499 shares during the last quarter. Louisbourg Investments Inc. increased its position in Entegris by 45.4% in the 1st quarter. Louisbourg Investments Inc. now owns 31,640 shares of the semiconductor company’s stock worth $2,768,000 after purchasing an additional 9,875 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in Entegris in the 1st quarter worth about $1,548,000.

Entegris Price Performance

Shares of NASDAQ:ENTG opened at $91.91 on Tuesday. The business has a 50 day moving average price of $85.90 and a 200 day moving average price of $81.25. Entegris, Inc. has a twelve month low of $60.75 and a twelve month high of $112.36. The company has a market cap of $13.93 billion, a price-to-earnings ratio of 47.38 and a beta of 1.38. The company has a quick ratio of 1.95, a current ratio of 3.30 and a debt-to-equity ratio of 1.04.

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

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Wednesday, July 30th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, July 30th. This represents a $0.40 annualized dividend and a yield of 0.4%. Entegris’s dividend payout ratio is presently 20.62%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Entegris in a research report on Wednesday, October 8th. Zacks Research upgraded Entegris from a “strong sell” rating to a “hold” rating in a research note on Friday, October 3rd. KeyCorp reiterated an “overweight” rating and set a $103.00 price target (down previously from $112.00) on shares of Entegris in a research note on Thursday, July 31st. Oppenheimer assumed coverage on Entegris in a research note on Thursday, September 4th. They set a “market perform” rating and a $95.00 price target for the company. Finally, The Goldman Sachs Group assumed coverage on Entegris in a research note on Thursday, July 10th. They set a “neutral” rating and a $85.00 price target for the company. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.30.

Insider Activity at Entegris

In related news, SVP Susan G. Rice sold 8,858 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $79.84, for a total transaction of $707,222.72. Following the completion of the sale, the senior vice president owned 56,912 shares in the company, valued at $4,543,854.08. This represents a 13.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Clinton M. Haris sold 3,627 shares of the stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $90.00, for a total value of $326,430.00. Following the sale, the senior vice president owned 37,743 shares of the company’s stock, valued at approximately $3,396,870. The trade was a 8.77% decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is owned by corporate insiders.

About Entegris

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).