Swiss National Bank Buys 32,300 Shares of Entegris, Inc. $ENTG

Swiss National Bank lifted its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 7.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 458,207 shares of the semiconductor company’s stock after buying an additional 32,300 shares during the period. Swiss National Bank’s holdings in Entegris were worth $36,954,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Prudential PLC bought a new position in shares of Entegris during the second quarter valued at about $462,000. Westfield Capital Management Co. LP purchased a new stake in Entegris in the 2nd quarter valued at about $44,010,000. Primecap Management Co. CA lifted its position in shares of Entegris by 12.0% during the 2nd quarter. Primecap Management Co. CA now owns 3,065,170 shares of the semiconductor company’s stock worth $247,206,000 after buying an additional 329,306 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of Entegris by 11.4% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 47,780 shares of the semiconductor company’s stock worth $3,853,000 after buying an additional 4,900 shares in the last quarter. Finally, Citigroup Inc. boosted its stake in shares of Entegris by 37.4% in the 2nd quarter. Citigroup Inc. now owns 1,040,349 shares of the semiconductor company’s stock worth $83,904,000 after buying an additional 283,402 shares during the last quarter.

Insider Buying and Selling at Entegris

In related news, SVP Joseph Colella sold 3,577 shares of the stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $88.41, for a total transaction of $316,242.57. Following the sale, the senior vice president owned 34,364 shares of the company’s stock, valued at approximately $3,038,121.24. This represents a 9.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Olivier Blachier sold 488 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $77.43, for a total value of $37,785.84. Following the completion of the transaction, the senior vice president owned 14,124 shares of the company’s stock, valued at approximately $1,093,621.32. This represents a 3.34% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on ENTG. Zacks Research downgraded Entegris from a “hold” rating to a “strong sell” rating in a research report on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Entegris in a research report on Thursday, November 13th. UBS Group cut their price target on shares of Entegris from $95.00 to $90.00 and set a “neutral” rating on the stock in a report on Thursday, July 31st. Wall Street Zen upgraded shares of Entegris from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Mizuho lowered their price objective on shares of Entegris from $108.00 to $96.00 and set an “outperform” rating on the stock in a research report on Thursday. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $95.86.

Entegris Price Performance

NASDAQ ENTG opened at $73.99 on Tuesday. 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 company has a market cap of $11.22 billion, a PE ratio of 38.14 and a beta of 1.39. Entegris, Inc. has a 52 week low of $60.75 and a 52 week high of $112.36. The firm’s 50-day simple moving average is $88.98 and its two-hundred day simple moving average is $83.55.

Entegris (NASDAQ:ENTG) last posted its earnings results on Wednesday, July 6th. The semiconductor company reported $0.70 earnings per share for the quarter. The firm 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 predict that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Wednesday, October 29th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, October 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. Entegris’s payout ratio is presently 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).