Innealta Capital LLC Buys New Position in Entegris, Inc. (NASDAQ:ENTG)

Innealta Capital LLC purchased a new stake in Entegris, Inc. (NASDAQ:ENTG) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 194 shares of the semiconductor company’s stock, valued at approximately $26,000.

Other hedge funds also recently modified their holdings of the company. Arkadios Wealth Advisors raised its stake in shares of Entegris by 18.3% during the 2nd quarter. Arkadios Wealth Advisors now owns 1,742 shares of the semiconductor company’s stock worth $236,000 after purchasing an additional 270 shares in the last quarter. Summit Securities Group LLC bought a new stake in Entegris during the second quarter worth $27,000. Amica Mutual Insurance Co. acquired a new stake in Entegris in the second quarter valued at $2,111,000. EFG Asset Management North America Corp. lifted its stake in Entegris by 71.2% in the second quarter. EFG Asset Management North America Corp. now owns 16,592 shares of the semiconductor company’s stock valued at $2,247,000 after acquiring an additional 6,901 shares during the last quarter. Finally, Argent Capital Management LLC grew its position in shares of Entegris by 2.0% in the 2nd quarter. Argent Capital Management LLC now owns 27,520 shares of the semiconductor company’s stock valued at $3,726,000 after acquiring an additional 544 shares during the period.

Insiders Place Their Bets

In other news, insider Daniel D. Woodland sold 15,000 shares of the company’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $140.00, for a total transaction of $2,100,000.00. Following the completion of the sale, the insider now directly owns 37,457 shares in the company, valued at approximately $5,243,980. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Entegris news, insider Daniel D. Woodland sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $140.00, for a total value of $2,100,000.00. Following the transaction, the insider now directly owns 37,457 shares of the company’s stock, valued at approximately $5,243,980. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction of $3,803,197.72. Following the sale, the chief executive officer now directly owns 263,068 shares of the company’s stock, valued at approximately $36,995,252.84. The disclosure for this sale can be found here. Insiders have sold a total of 57,044 shares of company stock worth $8,078,198 in the last 90 days. Company insiders own 0.67% of the company’s stock.

Entegris Stock Up 3.0 %

ENTG stock opened at $115.87 on Friday. The business’s fifty day moving average price is $123.47 and its two-hundred day moving average price is $130.21. The stock has a market capitalization of $17.47 billion, a price-to-earnings ratio of 55.71, a PEG ratio of 1.27 and a beta of 1.25. Entegris, Inc. has a fifty-two week low of $84.13 and a fifty-two week high of $147.57. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.02.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. The business had revenue of $812.60 million for the quarter, compared to analyst estimates of $802.43 million. Entegris had a net margin of 5.61% and a return on equity of 12.03%. Entegris’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period last year, the firm earned $0.66 earnings per share. On average, equities analysts anticipate that Entegris, Inc. will post 3.22 earnings per share for the current year.

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, July 31st were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend was Wednesday, July 31st. Entegris’s dividend payout ratio is currently 19.23%.

Wall Street Analyst Weigh In

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

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).