Kovitz Investment Group Partners LLC reduced its stake in Entegris, Inc. (NASDAQ:ENTG – Free Report) by 4.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,093 shares of the semiconductor company’s stock after selling 138 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Entegris were worth $271,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Costello Asset Management INC purchased a new position in Entegris in the first quarter valued at $26,000. Central Pacific Bank Trust Division increased its holdings in Entegris by 125.7% in the first quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 171 shares during the last quarter. Quarry LP purchased a new position in Entegris in the fourth quarter valued at $28,000. Neo Ivy Capital Management purchased a new position in Entegris in the fourth quarter valued at $34,000. Finally, Curat Global LLC purchased a new position in Entegris in the first quarter valued at $39,000.
Entegris Price Performance
Shares of NASDAQ:ENTG opened at $87.76 on Friday. The company has a quick ratio of 1.95, a current ratio of 3.30 and a debt-to-equity ratio of 1.04. The company has a market cap of $13.30 billion, a P/E ratio of 45.24 and a beta of 1.22. Entegris, Inc. has a 52 week low of $60.75 and a 52 week high of $119.95. The company has a 50-day moving average price of $82.41 and a 200 day moving average price of $84.46.
Entegris Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Wednesday, July 30th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, July 30th. Entegris’s payout ratio is presently 20.62%.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on ENTG shares. UBS Group dropped their price objective on Entegris from $95.00 to $90.00 and set a “neutral” rating on the stock in a report on Thursday, July 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price objective on shares of Entegris in a report on Tuesday, May 20th. KeyCorp reaffirmed an “overweight” rating and set a $103.00 price objective (down previously from $112.00) on shares of Entegris in a report on Thursday, July 31st. Mizuho raised their price objective on Entegris from $90.00 to $98.00 and gave the stock an “outperform” rating in a report on Tuesday, July 15th. Finally, Wall Street Zen lowered Entegris from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $106.44.
View Our Latest Stock Analysis on Entegris
Insider Activity at Entegris
In other Entegris news, SVP Susan G. Rice sold 8,858 shares of Entegris stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $79.84, for a total value of $707,222.72. Following the completion of the sale, the senior vice president directly owned 56,912 shares of the company’s stock, valued at approximately $4,543,854.08. The trade was a 13.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Clinton M. Haris sold 3,627 shares of the business’s stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $90.00, for a total transaction of $326,430.00. Following the sale, the senior vice president directly owned 37,743 shares of the company’s stock, valued at $3,396,870. This represents a 8.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by insiders.
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).
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