Entegris, Inc. $ENTG Shares Sold by US Bancorp DE

Key Points

• US Bancorp DE reduced its holdings in Entegris, Inc. by 19.2% in the second quarter, now owning approximately 55,215 shares worth about $4.45 million.
• Entegris has received mixed ratings from analysts, with Goldman Sachs and UBS Group issuing neutral ratings and price targets of $85.00 and $90.00 respectively.
• The company declared a quarterly dividend of $0.10 per share in August, resulting in an annual yield of 0.4%, with a payout ratio of 20.62%.

US Bancorp DE lessened its holdings in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 19.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 55,215 shares of the semiconductor company's stock after selling 13,157 shares during the quarter. US Bancorp DE's holdings in Entegris were worth $4,453,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Mackenzie Financial Corp boosted its position in Entegris by 61.4% during the 1st quarter. Mackenzie Financial Corp now owns 8,891 shares of the semiconductor company's stock worth $778,000 after acquiring an additional 3,382 shares during the period. Compass Wealth Management LLC acquired a new position in Entegris during the 1st quarter worth $1,614,000. Sequoia Financial Advisors LLC boosted its position in Entegris by 11.5% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,767 shares of the semiconductor company's stock worth $242,000 after acquiring an additional 285 shares during the period. New York State Teachers Retirement System acquired a new position in Entegris during the 1st quarter worth $4,870,000. Finally, Ground Swell Capital LLC acquired a new position in Entegris during the 1st quarter worth $330,000.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Entegris

In related news, SVP Clinton M. Haris sold 3,627 shares of the company's 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 transaction, the senior vice president directly owned 37,743 shares of the company's stock, valued at approximately $3,396,870. The trade was a 8.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the senior vice president directly owned 56,912 shares in the company, valued at $4,543,854.08. The trade was a 13.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.

Entegris Stock Up 9.9%

Shares of Entegris stock opened at $91.91 on Tuesday. The stock's fifty day moving average is $85.90 and its 200-day moving average is $81.25. The firm has a market capitalization of $13.93 billion, a PE ratio of 47.38 and a beta of 1.38. The company has a quick ratio of 1.95, a current ratio of 3.30 and a debt-to-equity ratio of 1.04. Entegris, Inc. has a 12-month low of $60.75 and a 12-month high of $112.36.

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

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Wednesday, July 30th were 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 was Wednesday, July 30th. Entegris's payout ratio is presently 20.62%.

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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