Entegris, Inc. (NASDAQ:ENTG) Shares Sold by US Bancorp DE

Key Points

• US Bancorp DE decreased its stake in Entegris, Inc. by 11.9%, selling 9,273 shares and now holding 68,372 shares worth approximately $5,982,000.
• Analyst ratings vary, with one sell rating, two hold ratings, and seven buy ratings, offering a consensus price target of $106.44.
• Entegris has announced a quarterly dividend of $0.10 per share, with a dividend yield of 0.5% and a payout ratio of 20.62%.

US Bancorp DE trimmed its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 11.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 68,372 shares of the semiconductor company's stock after selling 9,273 shares during the quarter. US Bancorp DE's holdings in Entegris were worth $5,982,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Principal Financial Group Inc. increased its position in shares of Entegris by 235.8% during the first quarter. Principal Financial Group Inc. now owns 5,014,198 shares of the semiconductor company's stock valued at $438,642,000 after acquiring an additional 3,520,997 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Entegris by 33.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,194,612 shares of the semiconductor company's stock worth $1,108,940,000 after purchasing an additional 2,826,463 shares in the last quarter. D1 Capital Partners L.P. lifted its holdings in shares of Entegris by 329.4% during the fourth quarter. D1 Capital Partners L.P. now owns 2,752,902 shares of the semiconductor company's stock valued at $272,702,000 after purchasing an additional 2,111,801 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Entegris by 434.1% during the fourth quarter. Deutsche Bank AG now owns 1,470,162 shares of the semiconductor company's stock valued at $145,634,000 after buying an additional 1,194,903 shares during the last quarter. Finally, TPG GP A LLC purchased a new position in Entegris in the 4th quarter worth about $115,639,000.

Entegris Stock Down 0.3%

Shares of ENTG stock traded down $0.22 during trading hours on Friday, reaching $73.21. 740,697 shares of the company's stock were exchanged, compared to its average volume of 3,353,935. Entegris, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $119.95. The company has a current ratio of 3.30, a quick ratio of 1.95 and a debt-to-equity ratio of 1.04. The company has a market cap of $11.10 billion, a price-to-earnings ratio of 37.73 and a beta of 1.22. The stock's 50 day moving average is $81.45 and its 200-day moving average is $86.23.

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 the consensus estimate of $0.65 by $0.01. The firm had revenue of $792.40 million for the quarter, compared to the consensus estimate of $753.85 million. Entegris had a return on equity of 12.05% and a net margin of 9.17%. The firm's revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.71 EPS. Analysts predict that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Wednesday, July 30th will be given a $0.10 dividend. The ex-dividend date is Wednesday, July 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. Entegris's payout ratio is 20.62%.

Analysts Set New Price Targets

ENTG has been the topic of a number of recent analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $100.00 price target on shares of Entegris in a report on Tuesday, May 20th. The Goldman Sachs Group assumed coverage on shares of Entegris in a report on Thursday, July 10th. They set a "neutral" rating and a $85.00 price target on the stock. KeyCorp restated an "overweight" rating and set a $103.00 target price (down previously from $112.00) on shares of Entegris in a research note on Thursday, July 31st. Mizuho upped their price objective on Entegris from $90.00 to $98.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Finally, Wall Street Zen cut Entegris from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $106.44.

Insider Activity at Entegris

In other news, SVP Clinton M. Haris sold 3,627 shares of Entegris stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $90.00, for a total value of $326,430.00. Following the sale, the senior vice president owned 37,743 shares in the company, valued at $3,396,870. This trade represents a 8.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.67% of the stock is owned by company insiders.

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).