Bank of New York Mellon Corp Purchases 4,186 Shares of Entegris, Inc. $ENTG

Bank of New York Mellon Corp grew its position in Entegris, Inc. (NASDAQ:ENTG) by 0.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,039,516 shares of the semiconductor company’s stock after purchasing an additional 4,186 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.69% of Entegris worth $83,837,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of ENTG. Rise Advisors LLC acquired a new position in Entegris in the first quarter valued at $26,000. Costello Asset Management INC bought a new position in shares of Entegris in the 1st quarter worth about $26,000. Alpine Bank Wealth Management lifted its stake in shares of Entegris by 73.7% in the 2nd quarter. Alpine Bank Wealth Management now owns 311 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 132 shares during the period. Summit Securities Group LLC bought a new stake in shares of Entegris during the 1st quarter valued at about $36,000. Finally, SVB Wealth LLC acquired a new stake in Entegris during the first quarter worth approximately $43,000.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded Entegris from a “sell” rating to a “hold” rating in a report on Friday, October 3rd. UBS Group dropped their target price on shares of Entegris from $95.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, July 31st. Weiss Ratings restated a “hold (c-)” rating on shares of Entegris in a report on Wednesday, October 8th. Mizuho lifted their price target on shares of Entegris from $100.00 to $108.00 and gave the company an “outperform” rating in a research note on Friday, October 3rd. Finally, KeyCorp reissued an “overweight” rating and set a $103.00 price objective (down previously from $112.00) on shares of Entegris in a research report on Thursday, July 31st. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $97.57.

Insider Buying and Selling at Entegris

In related news, SVP Joseph Colella sold 3,577 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $88.41, for a total value of $316,242.57. Following the transaction, the senior vice president directly owned 34,364 shares in the company, valued at approximately $3,038,121.24. This represents a 9.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Susan G. Rice sold 8,858 shares of the business’s 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 of the company’s stock, valued at approximately $4,543,854.08. The trade was a 13.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.67% of the company’s stock.

Entegris Stock Performance

Shares of ENTG stock opened at $86.67 on Friday. The company has a current ratio of 3.30, a quick ratio of 1.95 and a debt-to-equity ratio of 1.04. The firm has a fifty day simple moving average of $90.17 and a two-hundred day simple moving average of $83.70. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $112.36. The firm has a market capitalization of $13.14 billion, a PE ratio of 44.68 and a beta of 1.39.

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

Entegris Announces Dividend

The business also recently disclosed 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 0.5%. The ex-dividend date is Wednesday, October 29th. Entegris’s dividend payout ratio (DPR) is 21.16%.

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).