Entegris, Inc. (NASDAQ:ENTG) Shares Sold by Truist Financial Corp

Truist Financial Corp cut its stake in Entegris, Inc. (NASDAQ:ENTG) by 6.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,793 shares of the semiconductor company’s stock after selling 4,284 shares during the period. Truist Financial Corp’s holdings in Entegris were worth $8,003,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of ENTG. Robeco Institutional Asset Management B.V. lifted its stake in Entegris by 20.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 4,536 shares of the semiconductor company’s stock valued at $426,000 after acquiring an additional 758 shares during the period. Xponance Inc. increased its holdings in shares of Entegris by 2.1% during the 3rd quarter. Xponance Inc. now owns 6,233 shares of the semiconductor company’s stock valued at $585,000 after purchasing an additional 129 shares in the last quarter. Legacy Financial Group LLC purchased a new position in shares of Entegris during the 3rd quarter valued at approximately $30,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Entegris by 7.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 64,766 shares of the semiconductor company’s stock valued at $6,082,000 after purchasing an additional 4,255 shares in the last quarter. Finally, Strs Ohio increased its holdings in shares of Entegris by 16.5% during the 3rd quarter. Strs Ohio now owns 81,892 shares of the semiconductor company’s stock valued at $7,690,000 after purchasing an additional 11,592 shares in the last quarter.

Insider Transactions at Entegris

In other news, CAO Michael Sauer sold 1,897 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total transaction of $251,428.38. Following the completion of the transaction, the chief accounting officer now directly owns 1,779 shares in the company, valued at $235,788.66. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CAO Michael Sauer sold 1,897 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total transaction of $251,428.38. Following the completion of the transaction, the chief accounting officer now directly owns 1,779 shares in the company, valued at $235,788.66. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Michael Besnard sold 12,667 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $135.78, for a total value of $1,719,925.26. Following the transaction, the senior vice president now owns 10,213 shares of the company’s stock, valued at $1,386,721.14. The disclosure for this sale can be found here. Insiders sold a total of 41,082 shares of company stock worth $5,606,849 over the last ninety days. Company insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

ENTG has been the subject of several recent research reports. BMO Capital Markets lifted their target price on shares of Entegris from $130.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Needham & Company LLC reissued a “buy” rating and issued a $150.00 price target on shares of Entegris in a report on Wednesday. UBS Group boosted their price target on shares of Entegris from $90.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Mizuho boosted their price target on shares of Entegris from $140.00 to $143.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, KeyCorp boosted their price target on shares of Entegris from $136.00 to $164.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $141.91.

Entegris Trading Up 4.1 %

Shares of Entegris stock opened at $131.80 on Friday. The firm has a market capitalization of $19.87 billion, a price-to-earnings ratio of 63.37 and a beta of 1.31. Entegris, Inc. has a fifty-two week low of $72.96 and a fifty-two week high of $146.91. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.67 and a current ratio of 3.85. The stock has a 50 day moving average of $135.29 and a 200 day moving average of $119.05.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.07. The company had revenue of $771.03 million during the quarter, compared to analyst estimates of $769.24 million. Entegris had a return on equity of 11.99% and a net margin of 9.31%. The firm’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 earnings per share. As a group, research analysts predict that Entegris, Inc. will post 3.27 earnings per share for the current year.

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 1st will be given a $0.10 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $0.40 annualized dividend and a yield of 0.30%. Entegris’s payout ratio is 19.23%.

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).