Entegris, Inc. (NASDAQ:ENTG) Shares Sold by J. Safra Sarasin Holding AG

Key Points

• J. Safra Sarasin Holding AG has decreased its stake in Entegris, Inc. by 22.3%, holding a total of 46,667 shares after selling 13,407 shares in the first quarter.
• Analysts have given mixed ratings for Entegris, with a consensus average rating of "Moderate Buy" and a target price of $106.44.
• Entegris recently announced a quarterly dividend of $0.10 per share, translating to an annualized yield of 0.5%.

J. Safra Sarasin Holding AG cut its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 22.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,667 shares of the semiconductor company's stock after selling 13,407 shares during the period. J. Safra Sarasin Holding AG's holdings in Entegris were worth $4,082,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Compass Wealth Management LLC bought a new position in Entegris during the 1st quarter valued at about $1,614,000. Sequoia Financial Advisors LLC raised its position in Entegris by 11.5% during the first 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 in the last quarter. Sarasin & Partners LLP acquired a new position in shares of Entegris in the first quarter valued at $1,544,000. New York State Teachers Retirement System acquired a new position in shares of Entegris in the first quarter valued at $4,870,000. Finally, Principal Financial Group Inc. lifted 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 during the period.

Insider Buying and Selling

In related news, SVP Clinton M. Haris sold 3,627 shares of Entegris stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $90.00, for a total value of $326,430.00. Following the transaction, the senior vice president owned 37,743 shares in the company, valued at approximately $3,396,870. This trade represents a 8.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wall Street Zen lowered shares of Entegris from a "hold" rating to a "sell" rating in a research note on Saturday. Citigroup lowered their price objective on Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. UBS Group reduced their target price on shares of Entegris from $95.00 to $90.00 and set a "neutral" rating for the company in a report on Thursday, July 31st. Needham & Company LLC restated a "buy" rating and set a $100.00 price target on shares of Entegris in a report on Tuesday, May 20th. Finally, Mizuho raised their price target on Entegris from $90.00 to $98.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $106.44.

Entegris Price Performance

NASDAQ ENTG traded down $0.71 during mid-day trading on Tuesday, hitting $72.97. The stock had a trading volume of 598,015 shares, compared to its average volume of 3,366,796. Entegris, Inc. has a 52-week low of $60.75 and a 52-week high of $119.95. The company has a market cap of $11.06 billion, a price-to-earnings ratio of 37.65 and a beta of 1.22. The company has a 50 day simple moving average of $81.47 and a 200 day simple moving average of $86.65. 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 (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.01. Entegris had a return on equity of 12.05% and a net margin of 9.17%. The firm had revenue of $792.40 million during the quarter, compared to the consensus estimate of $753.85 million. During the same period last year, the business posted $0.71 EPS. Entegris's quarterly revenue was down 2.5% on a year-over-year basis. Equities analysts forecast that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The business also recently announced 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 is Wednesday, July 30th. Entegris's dividend payout ratio is 20.62%.

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).