Applied Finance Capital Management LLC Makes New $320,000 Investment in Entegris, Inc. (NASDAQ:ENTG)

Key Points

• Applied Finance Capital Management LLC invested approximately $320,000 in Entegris, purchasing 3,655 shares of the semiconductor company's stock in the 1st quarter.
• Entegris plans to pay a quarterly dividend of $0.10 per share on August 20th, reflecting an annualized dividend of $0.40 and a yield of 0.44%.
• Analyst ratings for Entegris vary, with an average recommendation of "Moderate Buy" and a price target averaging $108.00, although Goldman Sachs has initiated coverage with a "neutral" rating.

Applied Finance Capital Management LLC purchased a new stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,655 shares of the semiconductor company's stock, valued at approximately $320,000.

A number of other institutional investors have also made changes to their positions in the business. Quarry LP acquired a new position in shares of Entegris in the fourth quarter valued at about $28,000. Central Pacific Bank Trust Division raised its holdings in Entegris by 125.7% during the 1st quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 171 shares during the last quarter. Neo Ivy Capital Management bought a new position in Entegris during the 4th quarter worth approximately $34,000. Curat Global LLC bought a new position in Entegris during the 1st quarter worth approximately $39,000. Finally, Parvin Asset Management LLC bought a new position in Entegris during the 4th quarter worth approximately $69,000.

Analyst Ratings Changes

A number of analysts have commented on the stock. Wall Street Zen lowered shares of Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, April 19th. Needham & Company LLC reiterated a "buy" rating and set a $100.00 price target on shares of Entegris in a research report on Tuesday, May 20th. The Goldman Sachs Group initiated coverage on Entegris in a research report on Thursday, July 10th. They set a "neutral" rating and a $85.00 price target on the stock. Mizuho upped their price objective on shares of Entegris from $90.00 to $98.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Finally, KeyCorp decreased their price objective on shares of Entegris from $117.00 to $112.00 and set an "overweight" rating on the stock in a research report on Monday, July 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $108.00.

Insider Activity at Entegris

In other Entegris news, SVP Clinton M. Haris sold 3,627 shares of the firm's stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $90.00, for a total value of $326,430.00. Following the transaction, the senior vice president directly owned 37,743 shares of the company's stock, valued at approximately $3,396,870. This trade represents a 8.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.61% of the stock is owned by company insiders.

Entegris Stock Performance

Shares of Entegris stock traded down $8.23 during trading on Wednesday, hitting $84.52. 2,593,962 shares of the company's stock traded hands, compared to its average volume of 3,317,062. The company has a debt-to-equity ratio of 1.06, a current ratio of 3.26 and a quick ratio of 1.95. Entegris, Inc. has a 1 year low of $60.75 and a 1 year high of $119.95. The stock has a market capitalization of $12.80 billion, a P/E ratio of 41.41 and a beta of 1.27. The business has a 50-day simple moving average of $81.13 and a 200-day simple moving average of $87.46.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.65 by $0.01. Entegris had a return on equity of 12.48% and a net margin of 9.57%. The company had revenue of $792.40 million for the quarter, compared to analysts' expectations of $753.85 million. During the same period last year, the firm posted $0.71 earnings per share. Entegris's revenue was down 2.5% compared to the same quarter last year. As a group, analysts forecast that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Wednesday, July 30th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, July 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.47%. Entegris's dividend payout ratio (DPR) is presently 19.61%.

Entegris 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).