The Manufacturers Life Insurance Company Sells 49,312 Shares of Entegris, Inc. (NASDAQ:ENTG)

The Manufacturers Life Insurance Company decreased its stake in Entegris, Inc. (NASDAQ:ENTG) by 17.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 229,127 shares of the semiconductor company’s stock after selling 49,312 shares during the quarter. The Manufacturers Life Insurance Company owned 0.15% of Entegris worth $31,024,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ENTG. Price T Rowe Associates Inc. MD raised its position in shares of Entegris by 7.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,085,147 shares of the semiconductor company’s stock valued at $1,838,988,000 after acquiring an additional 916,420 shares during the period. Marshall Wace LLP bought a new stake in Entegris in the second quarter valued at approximately $42,087,000. American Century Companies Inc. raised its holdings in Entegris by 20.2% in the second quarter. American Century Companies Inc. now owns 1,523,824 shares of the semiconductor company’s stock worth $206,326,000 after purchasing an additional 256,186 shares during the period. Swedbank AB boosted its position in shares of Entegris by 520.3% during the second quarter. Swedbank AB now owns 300,361 shares of the semiconductor company’s stock worth $40,669,000 after purchasing an additional 251,938 shares in the last quarter. Finally, Norden Group LLC grew its holdings in shares of Entegris by 2,200.1% in the 1st quarter. Norden Group LLC now owns 224,260 shares of the semiconductor company’s stock valued at $31,518,000 after buying an additional 214,510 shares during the period.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Mizuho raised Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price objective on the stock in a research note on Thursday, August 1st. 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 report on Thursday, August 1st. Needham & Company LLC reiterated a “buy” rating and issued a $150.00 price objective on shares of Entegris in a research report on Thursday, August 1st. Citigroup upgraded shares of Entegris from a “neutral” rating to a “buy” rating and raised their target price for the stock from $119.00 to $130.00 in a report on Monday, September 16th. Finally, BMO Capital Markets reduced their price target on shares of Entegris from $160.00 to $145.00 and set an “outperform” rating for the company in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $146.40.

Entegris Stock Performance

Shares of ENTG opened at $112.53 on Tuesday. The stock has a market capitalization of $16.97 billion, a price-to-earnings ratio of 54.10, a PEG ratio of 1.50 and a beta of 1.24. Entegris, Inc. has a 12 month low of $84.13 and a 12 month high of $147.57. The firm has a fifty day simple moving average of $112.32 and a 200 day simple moving average of $126.41. The company has a current ratio of 3.58, a quick ratio of 2.14 and a debt-to-equity ratio of 1.18.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data 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 company had revenue of $812.60 million during the quarter, compared to the consensus estimate of $802.43 million. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The company’s quarterly revenue was down 9.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 EPS. Research analysts forecast that Entegris, Inc. will post 3.14 EPS for the current fiscal year.

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, July 31st were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.36%. The ex-dividend date was Wednesday, July 31st. Entegris’s dividend payout ratio (DPR) is 19.23%.

Insider Transactions at Entegris

In related news, insider Daniel D. Woodland sold 15,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 37,457 shares of the company’s stock, valued at $5,243,980. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Daniel D. Woodland sold 15,000 shares of the 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 $5,243,980. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Bertrand Loy sold 27,044 shares of Entegris stock in a transaction dated 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. Corporate insiders own 0.67% of the company’s stock.

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).