Forty three Eighteen Advisors LLC acquired a new position in Entegris, Inc. (NASDAQ:ENTG – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,798 shares of the semiconductor company’s stock, valued at approximately $680,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Millstone Evans Group LLC raised its stake in Entegris by 191.3% in the first quarter. Millstone Evans Group LLC now owns 268 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 176 shares during the last quarter. Steph & Co. purchased a new stake in shares of Entegris during the fourth quarter worth about $25,000. First Horizon Corp grew its stake in shares of Entegris by 147.1% during the first quarter. First Horizon Corp now owns 299 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 178 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Entegris during the fourth quarter valued at about $29,000. Finally, Elevated Capital Advisors LLC acquired a new position in shares of Entegris during the first quarter valued at about $44,000.
Entegris Price Performance
Shares of NASDAQ:ENTG opened at $138.74 on Friday. Entegris, Inc. has a twelve month low of $67.97 and a twelve month high of $186.94. The company’s 50 day moving average is $146.53 and its 200 day moving average is $131.11. The company has a current ratio of 3.21, a quick ratio of 2.05 and a debt-to-equity ratio of 0.91. The company has a market cap of $21.16 billion, a PE ratio of 80.20, a price-to-earnings-growth ratio of 1.57 and a beta of 1.31.
Entegris Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Wednesday, July 29th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, July 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. Entegris’s payout ratio is currently 23.12%.
Insider Activity at Entegris
In other Entegris news, SVP Olivier Blachier sold 2,000 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $140.04, for a total value of $280,080.00. Following the sale, the senior vice president directly owned 34,897 shares of the company’s stock, valued at approximately $4,886,975.88. This represents a 5.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James P. Lederer sold 3,569 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $143.59, for a total value of $512,472.71. Following the sale, the director directly owned 18,277 shares in the company, valued at $2,624,394.43. This represents a 16.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 44,466 shares of company stock valued at $6,186,624 over the last ninety days. Corporate insiders own 0.53% of the company’s stock.
Analyst Upgrades and Downgrades
ENTG has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of Entegris from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Oppenheimer reaffirmed an “outperform” rating and issued a $160.00 price target on shares of Entegris in a report on Friday, May 1st. Needham & Company LLC lifted their price objective on shares of Entegris from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Wall Street Zen raised shares of Entegris from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 12th. Finally, Mizuho upped their target price on Entegris from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Entegris has an average rating of “Moderate Buy” and a consensus price target of $164.22.
Check Out Our Latest Research Report on Entegris
About Entegris
Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.
Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.
See Also
- Five stocks we like better than Entegris
- AST SpaceMobile Stock Sinks as SpaceX Fallout Rattles Space Sector
- Aehr Test Systems Stock Soars on Earnings, Eyes Over 150% Revenue Growth
- TSMC Just Gave AI Chip Bulls Another Reason to Stay Confident
- GE Aerospace Faces a Prove-It Moment in Q2 Earnings
Want to see what other hedge funds are holding ENTG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entegris, Inc. (NASDAQ:ENTG – Free Report).
Receive News & Ratings for Entegris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entegris and related companies with MarketBeat.com's FREE daily email newsletter.
