DekaBank Deutsche Girozentrale Acquires 60,655 Shares of Entegris, Inc. $ENTG

DekaBank Deutsche Girozentrale lifted its holdings in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 10.2% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 655,508 shares of the semiconductor company's stock after buying an additional 60,655 shares during the period. DekaBank Deutsche Girozentrale owned about 0.43% of Entegris worth $53,719,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of ENTG. Alpine Bank Wealth Management grew its position in shares of Entegris by 73.7% during the 2nd quarter. Alpine Bank Wealth Management now owns 311 shares of the semiconductor company's stock worth $25,000 after buying an additional 132 shares during the period. Costello Asset Management INC purchased a new stake in Entegris in the 1st quarter worth approximately $26,000. Rise Advisors LLC bought a new stake in shares of Entegris during the 1st quarter worth $26,000. Summit Securities Group LLC bought a new position in shares of Entegris during the 1st quarter valued at about $36,000. Finally, SVB Wealth LLC bought a new position in Entegris during the first quarter valued at approximately $43,000.

Insider Buying and Selling at Entegris

In other news, SVP Susan G. Rice sold 8,858 shares of the company's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $79.84, for a total transaction of $707,222.72. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.61% of the company's stock.

Entegris Stock Up 0.1%

NASDAQ:ENTG opened at $92.67 on Wednesday. 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 firm has a market cap of $14.05 billion, a PE ratio of 47.77 and a beta of 1.38. The company has a 50-day moving average of $88.14 and a 200 day moving average of $81.76. 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 released its quarterly earnings results on Wednesday, July 6th. The semiconductor company reported $0.70 EPS for the quarter. The firm had revenue of $512.84 million during the quarter. Entegris had a return on equity of 12.05% and a net margin of 9.17%. As a group, research analysts anticipate that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 19th. Investors of record on Wednesday, October 29th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, October 29th. Entegris's dividend payout ratio is currently 20.62%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ENTG shares. The Goldman Sachs Group assumed coverage on Entegris in a research note on Thursday, July 10th. They issued a "neutral" rating and a $85.00 target price for the company. Wall Street Zen raised shares of Entegris from a "sell" rating to a "hold" rating in a research note on Friday, October 3rd. Weiss Ratings restated a "hold (c-)" rating on shares of Entegris in a report on Wednesday, October 8th. KeyCorp reissued an "overweight" rating and set a $103.00 price target (down from $112.00) on shares of Entegris in a report on Thursday, July 31st. Finally, UBS Group reduced their price target on Entegris from $95.00 to $90.00 and set a "neutral" rating for the company in a research report on Thursday, July 31st. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $106.30.

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).

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