Entegris, Inc. (NASDAQ:ENTG) Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH reduced its holdings in Entegris by 52.6%, selling 64,416 shares, leaving them with 58,132 shares valued at approximately $5.1 million.
• Entegris reported an EPS of $0.67 for the last quarter, missing analyst estimates, and had a revenue of $773.20 million, which was below expected figures.
• The company has declared a quarterly dividend of $0.10 per share, with an annualized yield of 0.44%, scheduled for payout on August 20th.

Universal Beteiligungs und Servicegesellschaft mbH lowered its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 52.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 58,132 shares of the semiconductor company's stock after selling 64,416 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH's holdings in Entegris were worth $5,085,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ENTG. LPL Financial LLC increased its holdings in shares of Entegris by 36.0% during the fourth quarter. LPL Financial LLC now owns 98,123 shares of the semiconductor company's stock valued at $9,720,000 after acquiring an additional 25,980 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Entegris by 12.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 112,430 shares of the semiconductor company's stock worth $11,310,000 after purchasing an additional 12,856 shares during the last quarter. Elo Mutual Pension Insurance Co lifted its position in shares of Entegris by 6.4% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 14,254 shares of the semiconductor company's stock valued at $1,412,000 after buying an additional 860 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in shares of Entegris by 1.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 58,435 shares of the semiconductor company's stock valued at $5,789,000 after buying an additional 1,002 shares in the last quarter. Finally, Allstate Corp purchased a new position in shares of Entegris during the 4th quarter valued at about $447,000.

Entegris Stock Up 0.7%

NASDAQ:ENTG traded up $0.57 during midday trading on Thursday, reaching $79.91. The company had a trading volume of 1,803,589 shares, compared to its average volume of 3,343,376. The firm has a market capitalization of $12.10 billion, a price-to-earnings ratio of 38.97 and a beta of 1.27. The stock's fifty day simple moving average is $81.27 and its 200-day simple moving average is $87.41. Entegris, Inc. has a 12-month low of $60.75 and a 12-month high of $119.95. The company has a current ratio of 3.26, a quick ratio of 1.95 and a debt-to-equity ratio of 1.06.

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

Entegris Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Wednesday, July 30th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend is Wednesday, July 30th. Entegris's payout ratio is currently 20.62%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ENTG shares. Wall Street Zen downgraded Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, April 19th. Needham & Company LLC reissued a "buy" rating and set a $100.00 target price on shares of Entegris in a research note on Tuesday, May 20th. UBS Group reduced their price objective on Entegris from $95.00 to $90.00 and set a "neutral" rating on the stock in a research note on Thursday. Mizuho lifted their target price on Entegris from $90.00 to $98.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Finally, The Goldman Sachs Group assumed coverage on Entegris in a report on Thursday, July 10th. They set a "neutral" rating and a $85.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $106.44.

Insider Buying and Selling at Entegris

In other Entegris 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 transaction of $326,430.00. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.67% of the company's stock.

Entegris Company 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).