Arvin Capital Management LP Takes Position in Entegris, Inc. $ENTG

Arvin Capital Management LP acquired a new position in shares of Entegris, Inc. (NASDAQ:ENTG) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 91,900 shares of the semiconductor company’s stock, valued at approximately $7,412,000. Entegris comprises approximately 1.5% of Arvin Capital Management LP’s investment portfolio, making the stock its 23rd largest position. Arvin Capital Management LP owned about 0.06% of Entegris at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ENTG. Alpine Bank Wealth Management raised its stake in Entegris by 73.7% in the second quarter. Alpine Bank Wealth Management now owns 311 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 132 shares in the last quarter. Costello Asset Management INC purchased a new position in shares of Entegris in the 1st quarter valued at about $26,000. Rise Advisors LLC acquired a new stake in shares of Entegris during the 1st quarter worth about $26,000. Summit Securities Group LLC purchased a new stake in Entegris during the first quarter worth approximately $36,000. Finally, SVB Wealth LLC acquired a new position in Entegris in the first quarter valued at approximately $43,000.

Analysts Set New Price Targets

ENTG has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Entegris from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. KeyCorp reiterated an “overweight” rating and set a $103.00 price target (down from $112.00) on shares of Entegris in a research note on Thursday, July 31st. Zacks Research downgraded shares of Entegris from a “hold” rating to a “strong sell” rating in a research note on Monday, November 3rd. Mizuho cut their target price on Entegris from $108.00 to $96.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. Finally, UBS Group reduced their target price on Entegris from $95.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, July 31st. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $95.86.

Entegris Trading Down 0.4%

NASDAQ ENTG opened at $73.72 on Wednesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.95 and a current ratio of 3.30. The firm has a market cap of $11.18 billion, a PE ratio of 38.00 and a beta of 1.39. Entegris, Inc. has a one year low of $60.75 and a one year high of $112.36. The firm’s fifty day moving average is $88.60 and its two-hundred day moving average is $83.53.

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

Entegris Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Wednesday, October 29th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Wednesday, October 29th. Entegris’s dividend payout ratio (DPR) is 21.16%.

Insider Buying and Selling

In other news, SVP Olivier Blachier sold 488 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $77.43, for a total transaction of $37,785.84. Following the completion of the sale, the senior vice president owned 14,124 shares in the company, valued at $1,093,621.32. This represents a 3.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Joseph Colella sold 3,577 shares of the stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $88.41, for a total value of $316,242.57. Following the sale, the senior vice president directly owned 34,364 shares of the company’s stock, valued at approximately $3,038,121.24. This represents a 9.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.67% of the company’s stock.

About Entegris

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).