Janney Montgomery Scott LLC Cuts Stock Holdings in Entegris, Inc. $ENTG

Janney Montgomery Scott LLC decreased its position in Entegris, Inc. (NASDAQ:ENTG) by 6.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,766 shares of the semiconductor company’s stock after selling 663 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Entegris were worth $788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Mackenzie Financial Corp lifted its position in Entegris by 61.4% in the 1st quarter. Mackenzie Financial Corp now owns 8,891 shares of the semiconductor company’s stock worth $778,000 after buying an additional 3,382 shares during the last quarter. Compass Wealth Management LLC bought a new stake in Entegris in the 1st quarter worth approximately $1,614,000. Sequoia Financial Advisors LLC lifted its position in Entegris by 11.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,767 shares of the semiconductor company’s stock worth $242,000 after buying an additional 285 shares during the last quarter. New York State Teachers Retirement System bought a new stake in Entegris in the 1st quarter worth approximately $4,870,000. Finally, Ground Swell Capital LLC bought a new stake in Entegris in the 1st quarter worth approximately $330,000.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ENTG shares. UBS Group dropped their target price on Entegris from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, July 31st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Entegris in a research report on Wednesday, October 8th. KeyCorp reiterated an “overweight” rating and issued a $103.00 price objective (down previously from $112.00) on shares of Entegris in a research report on Thursday, July 31st. Zacks Research upgraded Entegris from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Mizuho boosted their price objective on Entegris from $100.00 to $108.00 and gave the company an “outperform” rating in a research report on Friday, October 3rd. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Entegris has an average rating of “Moderate Buy” and an average target price of $106.30.

Insiders Place Their Bets

In related news, SVP Susan G. Rice sold 8,858 shares of the company’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $79.84, for a total value of $707,222.72. Following the sale, the senior vice president directly owned 56,912 shares of the company’s stock, valued at $4,543,854.08. This represents a 13.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.67% of the stock is currently owned by insiders.

Entegris Price Performance

Shares of Entegris stock opened at $94.62 on Thursday. 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 $14.34 billion, a PE ratio of 48.77 and a beta of 1.38. The business has a 50 day moving average of $86.70 and a 200 day moving average of $81.41. Entegris, Inc. has a 52 week low of $60.75 and a 52 week high of $112.36.

Entegris (NASDAQ:ENTG) last announced its earnings results on Wednesday, July 6th. The semiconductor company reported $0.70 EPS for the quarter. The company had revenue of $512.84 million during the quarter. Entegris had a return on equity of 12.05% and a net margin of 9.17%. As a group, equities research analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 19th. Investors of record on Wednesday, October 29th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, October 29th. Entegris’s dividend payout ratio is presently 20.62%.

Entegris 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).