Ground Swell Capital LLC Takes Position in Entegris, Inc. (NASDAQ:ENTG)

Key Points

• Ground Swell Capital LLC acquired 3,773 shares of Entegris, Inc. for approximately $330,000 in the first quarter, as per their Form 13F filing.
• Several institutional investors have recently purchased shares in Entegris, including Costello Asset Management and Central Pacific Bank Trust Division, reflecting increased interest in the semiconductor sector.
• Entegris announced a quarterly dividend of $0.10 per share, with an annualized yield of 0.5% and a payout ratio of 20.62%.

Ground Swell Capital LLC purchased a new position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,773 shares of the semiconductor company's stock, valued at approximately $330,000.

A number of other hedge funds also recently bought and sold shares of ENTG. Principal Financial Group Inc. boosted its position in Entegris by 235.8% during the first quarter. Principal Financial Group Inc. now owns 5,014,198 shares of the semiconductor company's stock worth $438,642,000 after purchasing an additional 3,520,997 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Entegris by 33.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,194,612 shares of the semiconductor company's stock valued at $1,108,940,000 after acquiring an additional 2,826,463 shares during the last quarter. D1 Capital Partners L.P. raised 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 acquiring an additional 2,111,801 shares during the last quarter. Deutsche Bank AG raised its holdings 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 acquiring an additional 1,194,903 shares during the last quarter. Finally, TPG GP A LLC acquired a new position in shares of Entegris during the fourth quarter valued at approximately $115,639,000.

Insider Transactions at Entegris

In other Entegris news, SVP Clinton M. Haris sold 3,627 shares of Entegris stock in a transaction dated 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. The trade was a 8.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Susan G. Rice sold 8,858 shares of Entegris stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $79.84, for a total value of $707,222.72. Following the sale, the senior vice president directly owned 56,912 shares of the company's stock, valued at $4,543,854.08. This trade represents a 13.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,760 shares of company stock valued at $1,053,513 over the last ninety days. 0.67% of the stock is owned by company insiders.

Entegris Stock Down 2.2%

NASDAQ:ENTG traded down $1.75 during midday trading on Friday, reaching $77.12. The company had a trading volume of 2,137,839 shares, compared to its average volume of 3,205,898. The firm has a market capitalization of $11.69 billion, a price-to-earnings ratio of 39.75 and a beta of 1.22. The stock's fifty day simple moving average is $82.08 and its 200-day simple moving average is $85.02. 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 3.30, a quick ratio of 1.95 and a debt-to-equity ratio of 1.04.

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 12.05% and a net margin of 9.17%. 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 Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ENTG shares. KeyCorp reissued an "overweight" rating and set a $103.00 target price (down previously from $112.00) on shares of Entegris in a report on Thursday, July 31st. Mizuho increased their target price on Entegris from $90.00 to $98.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Citigroup reduced their target price on Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Needham & Company LLC reaffirmed a "buy" rating and issued a $100.00 price target on shares of Entegris in a report on Tuesday, May 20th. Finally, Wall Street Zen cut Entegris from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Entegris has an average rating of "Moderate Buy" and a consensus target price of $106.44.

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).