Entegris, Inc. (NASDAQ:ENTG) Shares Sold by Raymond James & Associates

Raymond James & Associates lessened its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 0.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 112,234 shares of the semiconductor company’s stock after selling 1,066 shares during the quarter. Raymond James & Associates owned about 0.07% of Entegris worth $15,196,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ENTG. Inspire Advisors LLC boosted its stake in Entegris by 1.3% in the first quarter. Inspire Advisors LLC now owns 5,785 shares of the semiconductor company’s stock valued at $813,000 after acquiring an additional 77 shares in the last quarter. Commerce Bank boosted its position in shares of Entegris by 0.6% in the 4th quarter. Commerce Bank now owns 13,725 shares of the semiconductor company’s stock valued at $1,645,000 after purchasing an additional 86 shares during the period. Wedmont Private Capital grew its stake in Entegris by 5.9% during the 2nd quarter. Wedmont Private Capital now owns 1,609 shares of the semiconductor company’s stock worth $232,000 after buying an additional 90 shares during the last quarter. Manchester Capital Management LLC increased its position in Entegris by 19.1% during the fourth quarter. Manchester Capital Management LLC now owns 599 shares of the semiconductor company’s stock worth $72,000 after buying an additional 96 shares during the period. Finally, Everpar Advisors LLC increased its position in Entegris by 6.5% during the second quarter. Everpar Advisors LLC now owns 1,656 shares of the semiconductor company’s stock worth $224,000 after buying an additional 101 shares during the period.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ENTG shares. Mizuho raised shares of Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 target price on the stock in a report on Thursday, August 1st. Needham & Company LLC restated a “buy” rating and issued a $150.00 price objective on shares of Entegris in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Entegris from $160.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Finally, BMO Capital Markets dropped their price target on Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Entegris has an average rating of “Moderate Buy” and a consensus target price of $146.80.

Insider Buying and Selling

In other Entegris news, CEO Bertrand Loy sold 27,044 shares of the stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $140.63, for a total value of $3,803,197.72. Following the completion of the transaction, the chief executive officer now directly owns 263,068 shares of the company’s stock, valued at $36,995,252.84. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Bertrand Loy sold 27,044 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $140.63, for a total value of $3,803,197.72. Following the sale, the chief executive officer now owns 263,068 shares in the company, valued at approximately $36,995,252.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Daniel D. Woodland sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $145.00, for a total value of $2,175,000.00. Following the completion of the transaction, the insider now directly owns 37,457 shares of the company’s stock, valued at $5,431,265. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 62,049 shares of company stock valued at $8,702,521. Corporate insiders own 0.67% of the company’s stock.

Entegris Stock Performance

NASDAQ ENTG opened at $116.32 on Friday. The stock has a market capitalization of $17.54 billion, a price-to-earnings ratio of 56.10, a PEG ratio of 1.27 and a beta of 1.25. The business’s 50 day moving average is $125.99 and its two-hundred day moving average is $130.56. Entegris, Inc. has a 12-month low of $84.13 and a 12-month high of $147.57. The company has a current ratio of 3.58, a quick ratio of 2.02 and a debt-to-equity ratio of 1.18.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. The firm had revenue of $812.60 million for the quarter, compared to analyst estimates of $802.43 million. Entegris had a return on equity of 12.03% and a net margin of 5.61%. Entegris’s quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.66 earnings per share. Research analysts expect that Entegris, Inc. will post 3.22 EPS for the current year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, July 31st were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend was Wednesday, July 31st. Entegris’s dividend payout ratio (DPR) is 19.23%.

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).