Sequoia Financial Advisors LLC Buys 1,552 Shares of Entegris, Inc. $ENTG

Sequoia Financial Advisors LLC lifted its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 56.1% during the second quarter, HoldingsChannel.com reports. The firm owned 4,319 shares of the semiconductor company’s stock after purchasing an additional 1,552 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Entegris were worth $348,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in ENTG. Mackenzie Financial Corp lifted its holdings in shares of Entegris by 61.4% in the first quarter. Mackenzie Financial Corp now owns 8,891 shares of the semiconductor company’s stock worth $778,000 after buying an additional 3,382 shares in the last quarter. Compass Wealth Management LLC bought a new stake in Entegris during the 1st quarter worth approximately $1,614,000. New York State Teachers Retirement System purchased a new stake in Entegris in the 1st quarter worth approximately $4,870,000. Ground Swell Capital LLC bought a new position in Entegris in the 1st quarter valued at $330,000. Finally, Principal Financial Group Inc. boosted its holdings in Entegris by 235.8% in the 1st quarter. Principal Financial Group Inc. now owns 5,014,198 shares of the semiconductor company’s stock valued at $438,642,000 after purchasing an additional 3,520,997 shares during the period.

Entegris Price Performance

Shares of NASDAQ:ENTG opened at $92.67 on Wednesday. The company has a quick ratio of 1.95, a current ratio of 3.30 and a debt-to-equity ratio of 1.04. The stock has a market cap of $14.05 billion, a PE ratio of 47.77 and a beta of 1.38. The company’s fifty day moving average is $88.14 and its 200 day moving average is $81.76. Entegris, Inc. has a 52 week low of $60.75 and a 52 week high of $112.36.

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

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 19th. Investors of record on Wednesday, October 29th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, October 29th. Entegris’s dividend payout ratio is currently 20.62%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ENTG shares. Wall Street Zen upgraded Entegris from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Oppenheimer started coverage on Entegris in a research note on Thursday, September 4th. They issued a “market perform” rating and a $95.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Entegris in a report on Wednesday, October 8th. Zacks Research raised Entegris from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd. Finally, The Goldman Sachs Group began coverage on shares of Entegris in a research note on Thursday, July 10th. They issued a “neutral” rating and a $85.00 target price on the stock. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $106.30.

Insider Buying and Selling at Entegris

In other news, SVP Susan G. Rice sold 8,858 shares of the stock in a transaction dated Wednesday, August 13th. The shares were 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 directly owned 56,912 shares in the company, valued at approximately $4,543,854.08. This represents a 13.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

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).