Mutual of America Capital Management LLC Has $6.07 Million Stock Position in Entegris, Inc. $ENTG

Mutual of America Capital Management LLC lowered its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 3.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,292 shares of the semiconductor company’s stock after selling 2,490 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Entegris were worth $6,072,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Rise Advisors LLC acquired a new stake in Entegris in the 1st quarter valued at about $26,000. Costello Asset Management INC acquired a new stake in Entegris in the 1st quarter valued at about $26,000. Alpine Bank Wealth Management increased its position in 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 acquiring an additional 132 shares in the last quarter. Summit Securities Group LLC acquired a new stake in Entegris in the 1st quarter valued at about $36,000. Finally, SVB Wealth LLC acquired a new stake in Entegris in the 1st quarter valued at about $43,000.

Entegris Stock Up 0.1%

Shares of NASDAQ:ENTG opened at $92.67 on Wednesday. Entegris, Inc. has a one year low of $60.75 and a one year high of $112.36. The company has a 50 day moving average of $88.14 and a 200-day moving average of $81.76. The company has a debt-to-equity ratio of 1.04, a current ratio of 3.30 and a quick ratio of 1.95. The stock has a market cap of $14.05 billion, a price-to-earnings ratio of 47.77 and a beta of 1.38.

Entegris (NASDAQ:ENTG) last issued its quarterly 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. On average, sell-side analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

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

Insider Activity at Entegris

In related news, SVP Susan G. Rice sold 8,858 shares of the company’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $79.84, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.61% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Mizuho raised their price objective on shares of Entegris from $100.00 to $108.00 and gave the company an “outperform” rating in a research report on Friday, October 3rd. Zacks Research upgraded shares of Entegris from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. Wall Street Zen upgraded shares of Entegris from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Oppenheimer began coverage on shares of Entegris in a research report on Thursday, September 4th. They issued a “market perform” rating and a $95.00 price objective for the company. Finally, The Goldman Sachs Group began coverage on shares of Entegris in a research report on Thursday, July 10th. They set a “neutral” rating and a $85.00 price target for the company. Seven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $106.30.

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).