Clifford Swan Investment Counsel LLC Grows Stock Position in Entegris, Inc. (NASDAQ:ENTG)

Clifford Swan Investment Counsel LLC raised its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 6.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 114,958 shares of the semiconductor company's stock after buying an additional 7,120 shares during the quarter. Clifford Swan Investment Counsel LLC owned about 0.08% of Entegris worth $10,057,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ENTG. Proficio Capital Partners LLC purchased a new position in Entegris during the fourth quarter valued at $42,000. Corient Private Wealth LLC increased its holdings in Entegris by 1.1% in the 4th quarter. Corient Private Wealth LLC now owns 11,862 shares of the semiconductor company's stock worth $1,175,000 after buying an additional 128 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Entegris in the 4th quarter worth about $4,705,000. LPL Financial LLC increased its holdings in Entegris by 36.0% in the 4th quarter. LPL Financial LLC now owns 98,123 shares of the semiconductor company's stock worth $9,720,000 after buying an additional 25,980 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Entegris by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 15,202,146 shares of the semiconductor company's stock worth $1,505,925,000 after buying an additional 169,180 shares in the last quarter.

Analyst Upgrades and Downgrades

ENTG has been the subject of several research analyst reports. KeyCorp reduced their price objective on Entegris from $117.00 to $112.00 and set an "overweight" rating for the company in a report on Monday, July 14th. Citigroup cut their price target on Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Wall Street Zen downgraded Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, April 19th. Mizuho boosted their price target on Entegris from $90.00 to $98.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Finally, UBS Group boosted their price objective on Entegris from $85.00 to $95.00 and gave the company a "neutral" rating in a research note on Monday. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $108.00.

Entegris Price Performance

NASDAQ ENTG traded down $0.21 during trading hours on Thursday, reaching $91.42. The company's stock had a trading volume of 1,295,027 shares, compared to its average volume of 3,305,163. The firm's 50-day moving average price is $79.75 and its 200-day moving average price is $87.76. The company has a quick ratio of 1.95, a current ratio of 3.26 and a debt-to-equity ratio of 1.06. Entegris, Inc. has a 1 year low of $60.75 and a 1 year high of $130.56. The company has a market capitalization of $13.84 billion, a price-to-earnings ratio of 44.74, a PEG ratio of 2.04 and a beta of 1.27.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.02). The firm had revenue of $773.20 million for the quarter, compared to analysts' expectations of $790.75 million. Entegris had a return on equity of 12.48% and a net margin of 9.57%. The firm's revenue was up .3% on a year-over-year basis. During the same period last year, the company earned $0.68 earnings per share. On average, equities research analysts predict that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Wednesday, July 30th will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, July 30th. This represents a $0.40 annualized dividend and a yield of 0.44%. Entegris's payout ratio is presently 19.61%.

Insiders Place Their Bets

In related news, SVP Clinton M. Haris sold 3,627 shares of the stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $90.00, for a total transaction of $326,430.00. Following the sale, the senior vice president owned 37,743 shares in the company, valued at approximately $3,396,870. This represents a 8.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.67% of the company's stock.

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).