Envestnet Portfolio Solutions Inc. Trims Stock Position in Entegris, Inc. $ENTG

Key Points

• Envestnet Portfolio Solutions Inc. reduced its stake in Entegris, Inc. by 47.8% during the 2nd quarter, dropping to 11,241 shares after selling 10,285 shares and holding a value of approximately $907,000.
• Several institutional investors have also modified their positions in Entegris, including a notable 80.5% increase by GAMMA Investing LLC in the first quarter.
• Analysts have given Entegris a consensus rating of "Moderate Buy" with an average price target of $106.30, while Mizuho raised their target price from $100.00 to $108.00.

Envestnet Portfolio Solutions Inc. reduced its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 47.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,241 shares of the semiconductor company's stock after selling 10,285 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Entegris were worth $907,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC increased its stake in Entegris by 80.5% in the 1st quarter. GAMMA Investing LLC now owns 3,210 shares of the semiconductor company's stock valued at $281,000 after buying an additional 1,432 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Entegris in the 1st quarter worth $1,548,000. Retirement Systems of Alabama purchased a new stake in shares of Entegris in the first quarter valued at about $16,091,000. Praxis Investment Management Inc. increased its stake in shares of Entegris by 15.4% during the first quarter. Praxis Investment Management Inc. now owns 4,650 shares of the semiconductor company's stock worth $407,000 after acquiring an additional 620 shares during the period. Finally, Kentucky Retirement Systems purchased a new position in Entegris during the first quarter worth about $899,000.

Insider Buying and Selling at Entegris

In related news, SVP Susan G. Rice sold 8,858 shares of Entegris stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $79.84, for a total transaction of $707,222.72. Following the completion of 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.61% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wall Street Zen raised Entegris from a "sell" rating to a "hold" rating in a report on Friday, October 3rd. UBS Group decreased their price target on Entegris from $95.00 to $90.00 and set a "neutral" rating on the stock in a research note on Thursday, July 31st. Oppenheimer started coverage on Entegris in a report on Thursday, September 4th. They set a "market perform" rating and a $95.00 price objective on the stock. Mizuho raised their target price on Entegris from $100.00 to $108.00 and gave the company an "outperform" rating in a report on Friday, October 3rd. Finally, KeyCorp restated an "overweight" rating and set a $103.00 target price (down from $112.00) on shares of Entegris in a research report on Thursday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $106.30.

Entegris Stock Up 0.4%

Entegris stock opened at $90.94 on Monday. Entegris, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $112.36. The firm has a market capitalization of $13.79 billion, a price-to-earnings ratio of 46.88 and a beta of 1.38. The stock's fifty day moving average is $87.40 and its two-hundred day moving average is $81.50. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.95 and a current ratio of 3.30.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings results on Wednesday, July 6th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter. The business 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%. Analysts predict that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Announces Dividend

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