Callan Family Office LLC Has $690,000 Stock Holdings in Entegris, Inc. $ENTG

Key Points

• Callan Family Office LLC increased its stock holdings in Entegris, Inc. by 212.4% during the second quarter, totaling $690,000 worth of shares.
• Several institutional investors, including Alpine Bank Wealth Management and SVB Wealth LLC, have also recently boosted their stakes in Entegris, indicating growing interest in the company.
• Entegris reported $0.70 earnings per share for the most recent quarter, with analysts predicting a total of 3.51 EPS for the current fiscal year, alongside a quarterly dividend of $0.40.

Callan Family Office LLC grew its holdings in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 212.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,557 shares of the semiconductor company's stock after purchasing an additional 5,818 shares during the quarter. Callan Family Office LLC's holdings in Entegris were worth $690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. 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. Costello Asset Management INC acquired a new position in shares of Entegris in the 1st quarter valued at about $26,000. Rise Advisors LLC acquired a new position in shares of Entegris in the 1st quarter valued at about $26,000. Summit Securities Group LLC acquired a new position in shares of Entegris in the 1st quarter valued at about $36,000. Finally, SVB Wealth LLC bought a new stake in Entegris in the 1st quarter valued at about $43,000.

Insider Activity at Entegris

In other news, SVP Clinton M. Haris sold 3,627 shares of the company's stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $90.00, for a total value of $326,430.00. Following the completion of the transaction, the senior vice president directly owned 37,743 shares of the company's stock, valued at $3,396,870. This represents a 8.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Susan G. Rice sold 8,858 shares of the company's stock in a transaction that occurred 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 transaction, the senior vice president directly owned 56,912 shares of the company's stock, valued at approximately $4,543,854.08. This represents a 13.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company's stock.

Entegris Price Performance

ENTG opened at $91.91 on Tuesday. 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 company has a market capitalization of $13.93 billion, a price-to-earnings ratio of 47.38 and a beta of 1.38. The firm's fifty day moving average price is $85.90 and its two-hundred day moving average price is $81.25. Entegris, Inc. has a 1 year low of $60.75 and a 1 year high of $112.36.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 6th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter. The firm had revenue of $512.84 million for the quarter. Entegris had a net margin of 9.17% and a return on equity of 12.05%. As a group, analysts anticipate that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Wednesday, July 30th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, July 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. Entegris's dividend payout ratio is currently 20.62%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ENTG. Zacks Research raised Entegris from a "strong sell" rating to a "hold" rating in a research report on Friday, October 3rd. The Goldman Sachs Group began coverage on Entegris in a research report on Thursday, July 10th. They issued a "neutral" rating and a $85.00 target price for the company. UBS Group decreased their target price on Entegris from $95.00 to $90.00 and set a "neutral" rating for the company in a research report on Thursday, July 31st. Wall Street Zen raised Entegris from a "sell" rating to a "hold" rating in a research report on Friday, October 3rd. Finally, KeyCorp reaffirmed an "overweight" rating and issued a $103.00 target price (down from $112.00) on shares of Entegris in a research report on Thursday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, Entegris presently has a consensus rating of "Moderate Buy" and a consensus target price of $106.30.

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).

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