Coldstream Capital Management Inc. Trims Holdings in Entegris, Inc. $ENTG

Coldstream Capital Management Inc. decreased its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 15.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,478 shares of the semiconductor company’s stock after selling 982 shares during the period. Coldstream Capital Management Inc.’s holdings in Entegris were worth $442,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ENTG. Mackenzie Financial Corp increased its position in Entegris by 61.4% during the 1st quarter. Mackenzie Financial Corp now owns 8,891 shares of the semiconductor company’s stock valued at $778,000 after purchasing an additional 3,382 shares during the period. Ground Swell Capital LLC bought a new stake in shares of Entegris during the 1st quarter valued at about $330,000. Cresset Asset Management LLC increased its position in shares of Entegris by 20.6% during the first quarter. Cresset Asset Management LLC now owns 161,662 shares of the semiconductor company’s stock valued at $14,142,000 after buying an additional 27,651 shares during the period. Inspire Investing LLC raised its stake in Entegris by 18.5% in the first quarter. Inspire Investing LLC now owns 19,227 shares of the semiconductor company’s stock worth $1,682,000 after buying an additional 2,998 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Entegris by 40.4% in the first quarter. Goldman Sachs Group Inc. now owns 2,759,296 shares of the semiconductor company’s stock worth $241,383,000 after buying an additional 794,222 shares in the last quarter.

Wall Street Analysts Forecast Growth

ENTG has been the topic of several research reports. Zacks Research cut Entegris from a “hold” rating to a “strong sell” rating in a research report on Monday, November 3rd. UBS Group lowered their target price on Entegris from $95.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday, July 31st. KeyCorp reaffirmed an “overweight” rating and issued a $103.00 price target (down from $112.00) on shares of Entegris in a research note on Thursday, July 31st. Weiss Ratings reissued a “hold (c-)” rating on shares of Entegris in a research report on Tuesday. Finally, Mizuho dropped their target price on shares of Entegris from $108.00 to $96.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. 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 company. According to MarketBeat, Entegris presently has an average rating of “Hold” and an average target price of $95.86.

Entegris Price Performance

Shares of NASDAQ ENTG opened at $75.08 on Friday. The firm has a market cap of $11.38 billion, a P/E ratio of 38.70 and a beta of 1.39. Entegris, Inc. has a twelve month low of $60.75 and a twelve month high of $112.36. 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 50 day moving average of $87.84 and a 200 day moving average of $83.41.

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

Entegris Dividend Announcement

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

Insider Transactions at Entegris

In related news, SVP Olivier Blachier sold 488 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $77.43, for a total transaction of $37,785.84. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Joseph Colella sold 3,577 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $88.41, for a total transaction of $316,242.57. Following the completion of the sale, the senior vice president owned 34,364 shares in the company, valued at $3,038,121.24. This represents a 9.43% decrease in their position. The SEC filing for this sale provides additional information. 0.67% of the stock is currently owned by insiders.

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).